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Mitsubishi Corp. joins DME bourse
Source : Saudi Gazette  
Date : 2013-06-14
Mitsubishi Corp on Thursday become the first Japanese trading house member of DME, the Middle East’s premier international energy futures and commodities exchange....
UAE, Qatar to attract more capital after MSCI upgrade
Source : Arab News  
Date : 2013-06-14
The UAE and Qatar’s years of efforts have finally been rewarded as both countries have been upgraded to emerging market (EM) status thanks to steps taken by exchange officials in...
CPA seeks to stop bank fees imposed on Hafiz beneficiaries
Source : Arab News  
Date : 2013-06-14
The Consumer Protection Association (CPA) has revealed that it is working to put an end to banks charging Hafiz beneficiaries extra service fees....
CITC: WhatsApp to be blocked before Ramadan
Source : Arab News  
Date : 2013-06-14
The Communications and Information Technology Commission (CITC) has announced that it will block WhatsApp before Ramadan if the US-based instant free-messaging application does not comply with the requirements set by...
GCC retail market to reach $221bn by 2015
Source : Oman Daily Observer  
Date : 2013-06-14
The retail market in the Gulf Co-operation Council (GCC) region is expected to reach a value of $221 billion by 2015, registering an annualised growth of 7.9 per cent for...
Insurance cover for employers against runaway workers
Source : Arab News  
Date : 2013-06-14
Ahmad Al-Hamaidan, deputy minister of labor for labor policies, said that the government plans to compensate employers in the event expatriate workers abscond after arriving in the Kingdom....
Truck fees, road projects examined
Source : Oman Daily Observer  
Date : 2013-06-14
Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry, Dr Ahmed bin Mohammed al Futaisi, Minister of Transport and Communications, and Dr Fuad bin Jaafar al Sajwani, Minister...
Focus on eligibility terms for houses
Source : Oman Daily Observer  
Date : 2013-06-14
Sayyid Saud bin Hilal al Busaidy, Minister of State and Governor of Muscat, yesterday met at the Governorate premises with shaikhs and dignitaries of the Wilayat of Qurayat. The meeting...
Dubai may fast-track Metro expansion
Source : Saudi Gazette  
Date : 2013-06-14
Dubai's Roads and Transport Authority (RTA) eyes to fast-track a 5 billion dirham expansion of the city's Metro's Red Line to link it to the Dubai World Central if the...
Default rate for SIDF loans minimal
Source : Arab News  
Date : 2013-06-14
The Saudi Industrial Development Fund (SIDF) has approved more than 3,480 loans worth SR 106 billion for 2,475 projects, the SIDF chief has disclosed....
Kuwaiti authorities contribute in assessing draft commercial law
Source : Kuwait News Agency  
Date : 2013-06-14
Officials of the Ministry of Commerce and Industry are ready to listen to any remark by any public or private authority regarding draft executive regulations of the new corporate law,...
Boom-and-bust cycle in Dubai a risk as property sector recovers
Source : Arab News  
Date : 2013-06-14
The United Arab Emirates is succeeding in strengthening its state finances by restraining spending, and managed last year to reduce the oil price which it needs to balance its budget,...
'Solar energy crucial to meet rising demand'
Source : Arab News  
Date : 2013-06-14
An expert here believes that the Kingdom is likely to spend all its oil on electricity in the country by 2031 if current consumption continues, and has called for an...
GCC retail market set to reach $ 221bn by 2015
Source : Gulf Times  
Date : 2013-06-14
Growing population in Qatar and the UAE and higher per capita income are among the key drivers of the GCC retail market, which is expected to reach $ 221bn by...
QE's market cap rises by 1.74pc to QR519bn
Source : The Peninsula  
Date : 2013-06-14
Qatar Exchange gained 189.47 points or 2.04 percent last week to close at 9,479.80 points. Trading value increased by 65.21 percent to reach QR3.44bn last week compared to QR2.08bn the...
Kuwait can save 100,000 BOE a day by improving power plants: expert
Source : Kuwait News Agency  
Date : 2013-06-14
Kuwait could save up to 100,000 barrels of oil equivalent (BOE) out of 350,000 BOE a day, used as fuel at local power plants, by raising the efficiency of these...
Sipchem affiliate signs SR704m loan for Jubail 'greenfield' plant
Source : Saudi Gazette  
Date : 2013-06-14
Saudi International Petrochemical Company (Sipchem) said on Thursday that its affiliate International Polymers Company (IPC) has signed a SR704 million loan with the Public Investment Bank (PIF) on June 10....
Arab Electricity Union expresses readiness to tackle Yemen power shortage
Source : Yemen News Agency  
Date : 2013-06-13
The Arab Union of Producers, Transporters and Distributors of Electricity on Wednesday expressed readiness to help Yemen overcome the existing power shortage....
Qatar upgraded to 'emerging market' status
Source : Gulf Times  
Date : 2013-06-13
Qatar Exchange (QE) yesterday welcomed the decision of the index compiler Morgan Stanley Capital International (MSCI) to upgrade the Qatari market from “frontier” to “emerging market”, describing it as a...
Gulf' largest open-air square to be built in Doha
Source : Gulf Times  
Date : 2013-06-13
The regeneration of the historical commercial centre of Doha will feature the Gulf’s largest open-air square - Al Baraha, according to Msheireb Properties, developer of the Msheireb Downtown Doha project....
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