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Euromoney conference to focus on economic reforms
Source : Arab News  
Date : 2016-05-02
Euromoney Saudi Arabia conference 2016 will open here on Tuesday with the focus on the Kingdom’s reinvigorated economic strategy this year including economic reforms....
Saudi to provide housing to 100,000 low-income families
Source : tradearabia  
Date : 2016-05-02
Saudi Arabia's government will provide housing for 100,000 low-income families over the next year as part of a reform programme designed to strengthen the economy and reduce its dependence on...
Customer accounts safe says Qatar National Bank
Source : tradearabia  
Date : 2016-05-02
Qatar National Bank, the Middle East's largest lender by assets, said it had taken immediate steps to ensure customers would not suffer any financial loss after a security breach last...
Oman's Sohar Power says capacity cut by technical problem
Source : The Peninsula  
Date : 2016-05-02
Sohar Power Co, which operates the largest electricity generation and water desalination plant in Oman, said on Sunday that a technical problem had cut its power production capacity....
Iran oil exports to South Korea rise to 400,000 bpd after sanctions lifted
Source : The Peninsula  
Date : 2016-05-02
Iran's oil exports to South Korea have more than quadrupled to 400,000 barrels a day since international sanctions were lifted in January, Oil Minister Bijan Zanganeh was quoted as saying...
Iraq's southern oil exports rise to 3.36mbpd
Source : tradearabia  
Date : 2016-05-02
Iraq exported oil from southern fields at an average rate of 3.364 million barrels per day in April, higher than the March average of 3.286 million, Oil Ministry spokesman Asim...
Goic and Al-Attiyah Foundation to organise clean energy summit in Doha
Source : Gulf Times  
Date : 2016-05-02
Gulf Organisation for Industrial Consulting (Goic) in association with the Abdullah Bin Hamad Al-Attiyah Foundation for Energy and Sustainable Development will be organising the 'Clean Energy & Sustainability Summit' (GCESS)...
Dewa receives five bids for phase 3 of solar park
Source : Khaleej Times  
Date : 2016-05-02
Dubai Electricity and Water Authority (Dewa) has received five bids from international organisations for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park, said Saeed Mohammed AlTayer,...
Saudi private sector key to realizing ‘Vision 2030’
Source : Saudi Gazette  
Date : 2016-05-02
Creating a successful partnership between private sector investors and the government will be the critical factor in shaping Saudi Arabia's development over the coming five years, according to a new...
GCC states must revitalise their private sector
Source : Gulf Times  
Date : 2016-05-01
GCC countries will have to create new revenue streams as lower oil prices may keep their budgets deficit in the medium term, indicates a recent report by the International Monetary...
Global praise for UAE's renewable energy drive
Source : Gulf Today  
Date : 2016-05-01
That the UAE's efforts in the field of renewable energy have been praised by none other than the European Union is a telling sign of the global recognition - and...
Saudi Arabia on a new path
Source : Arab News  
Date : 2016-05-01
Last Monday, Saudi Arabia unveiled an ambitious long-term economic plan to make the Kingdom less reliant on oil. The plan, titled "Saudi Vision 2030," will be implemented over the coming...
KSA, GCC states in transformation
Source : Arab News  
Date : 2016-05-01
Positive change is taking place in our part of the world and for that I am grateful to the leaderships of all GCC member countries, and especially to the governments...
Transportation woes in two holy cities
Source : Saudi Gazette  
Date : 2016-05-01
The present transport system in Makkah and Madinah is woeful and does not augur well for the two holy cities, which attract nearly 10 million Haj and Umrah pilgrims annually....
The challenges of the Saudi national transformation plan
Source : Saudi Gazette  
Date : 2016-05-01
The national transformation plan outlined by Deputy Crown Prince Muhammad Bin Salman, second deputy premier and minister of defense, is an ambitious and daring move that can finally put an...
Iraq's southern oil exports rise to 3.36mbpd
Source : TradeArabia  
Date : 2016-05-01
Iraq exported oil from southern fields at an average rate of 3.364 million barrels per day in April, higher than the March average of 3.286 million, Oil Ministry spokesman Asim...
Oil could trade above $60 in 2017: report
Source : TradeArabia  
Date : 2016-05-01
Oil supply growth by Opec countries will not match the output declines being experienced by non-Opec producers and this could lead to higher crude prices next year, says a report....
Iran planning to increase non-oil exports by dlrs 10 billion
Source : Islamic Republic News Agency  
Date : 2016-05-01
Head of Iran's Chamber of Commerce, Industries, Mines and Agriculture Mohsen Jalalpour said Iran's National Development Fund is to increase Iran's non-oil exports by dlrs. 10 billion....
50,000 expats retrenched by Saudi Binladin
Source : Arab News  
Date : 2016-05-01
The Saudi Binladin Group has reportedly retrenched more than 50,000 expat employees over the past few days, with reports citing various reasons, including labor law changes and completion of some...
GCC global hub for outward remittances
Source : Gulf Today  
Date : 2016-05-01
The World Bank Group's Migration and Development April 2016 Report has positioned the GCC as a global hub of outward remittances, particularly to non-GCC Arab countries....
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