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Iran's post-sanction economy is on the mend
Source : Tehran Times  
Date : 2016-07-28
Six months after oil sanctions were lifted, Iran's producing 3.8 million barrels a day, 2 million of which are exported....
Iranian private sector calls for development of international insurance ties
Source : Tehran Times  
Date : 2016-07-28
In an exclusive interview with the Tehran Times on the sidelines of the Conference on Industrial Competitiveness in Iran, held in Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA)...
Sadafco solar power starts operation hours
Source : tradearabia  
Date : 2016-07-28
Sadafco has commenced operations of its new photovoltaic-diesel hybrid system that delivers up to 40 per cent of its Riyadh Regional Distribution Centre's daytime energy requirements....
Sabic extends earnings slump as Q2 net profit falls 23.2pc
Source : tradearabia  
Date : 2016-07-28
Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, reported a 23.2 per cent drop in second-quarter net profit on Wednesday, extending an earnings slump as lower...
Ezdan Holding's profits jump 8% to QR927m in H1
Source : The Peninsula  
Date : 2016-07-28
Ezdan Holding Group reported a net profit of QR927m for the first half of 2016 (H1, 2016), up 8 percent as compared to QR858m recorded for the corresponding period last...
QFB's first half revenue surges by 46% to QR353m
Source : The Peninsula  
Date : 2016-07-28
Qatar First Bank (QFB), a leading Shari’ah compliant bank based in Qatar and listed on Qatar Exchange (QE), has recorded a revenue increase of 46 percent to QR353m ($97m) and...
KIPCO first half profit rises 10 pct to KD 28 million
Source : Arab News  
Date : 2016-07-28
KIPCO - the Kuwait Projects Company - has announced a net profit of KD 28 million ($93 million) in the first six months of 2016, an increase of 10 per...
Muscat bourse recovers on better buying support
Source : Times of Oman  
Date : 2016-07-28
A firm trend witnessed on the Muscat Securities Market with select shares recovering on renewed support at lower levels....
Port of Salalah receives world’s largest container ship
Source : Oman Daily Observer  
Date : 2016-07-28
Port of Salalah recently welcomed the world's largest container vessel, MSC Zoe. Commissioned in 2015, MSC Zoe boasts an overall length of 395.4 metres and a maximum capacity of 19,224...
Oman's Muscat Port operator seeks govt purchase of pvt shares
Source : Oman Daily Observer  
Date : 2016-07-28
Port Services Corporation SAOG (PSC), which operates and manages Muscat's Port Sultan Qaboos (PSQ), says it expects compensation for any revenue loss stemming from the government's decision to transfer the...
NBAD net profits up 8 per cent at Dhs1.376b
Source : Gulf Today  
Date : 2016-07-28
National Bank of Abu Dhabi (NBAD) reported net profits of Dhs1.376 billion for Q2, 2016, up 8 per cent sequentially, resulting from improvements in fee income, driven by continued momentum...
47 UAE firms shortlisted for SME Awards
Source : Gulf Today  
Date : 2016-07-28
The finalists for the 2016 Gulf Capital SME Awards organised by MEED have been announced; 47 companies will now go on to compete to win in 13 categories....
DCCI workshop weighs Kenya investment options
Source : Gulf Today  
Date : 2016-07-28
As part of the ongoing efforts to support its members' expansion into the African market and to provide them informative business services, the Dubai Chamber of Commerce and Industry (DCCI)...
DP world signs MoU with Taiwan International Ports Corporation
Source : Gulf Today  
Date : 2016-07-28
Global trade enabler DP World and the state run Taiwan International Ports Corporation (TIPC), have signed a Memorandum of Understanding (MoU) for the development of Kaohsiung Port's Terminal 7 in...
Emaar Malls records Dhs987m profit in H1
Source : Gulf Today  
Date : 2016-07-28
Emaar Malls has reported first-half 2016 net profit of Dhs987 million, 17 per cent higher than the net profit of Dhs845 million during the same period last year....
Etisalat Q2 profit up by 51% at Dhs2.3b
Source : Gulf Today  
Date : 2016-07-28
Etisalat Group announced on Wednesday that its consolidated net profit after Federal Royalty increased year over year by 51 per cent to Dhs2.3 billion in the second quarter (Q2) of...
UAE to make up 90% of ME leisure tourism market
Source : Khaleej Times  
Date : 2016-07-28
The UAE is forecast to make up 90 per cent of the leisure tourism market in the Middle East by 2020, according to research by Team Leisure ahead of The...
Hotel companies in Saudi Arabia raise standards as tourism thrives
Source : Saudi Gazette  
Date : 2016-07-28
Over the last decade, the number of Umrah visitors entering the Kingdom of Saudi Arabia from all over the world has tripled, recently hitting the impressive eight million mark....
Saudi Vision 2030 to stimulate dull Riyadh, Jeddah real estate market
Source : Saudi Gazette  
Date : 2016-07-28
With Saudi Vision 2030 pivotal to the diversification and restructuring of the economy in lieu of decreasing oil prices, both Riyadh and Jeddah continue to maintain an overall slowdown in...
Real estate market in Eastern Province falls
Source : Saudi Gazette  
Date : 2016-07-28
Real estate in the Eastern Province has witnessed a sharp decline and the prices of land, houses and even rent have gone down considerably. However, interestingly, rents in extravagant housing...
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