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June 18, 2013

United Arab Emirates One Dirahm
13:54 GMT
The United Arab Emirates has revived a proposal to merge its two main stock exchanges in a state-backed deal that could boost trade in the local market and attract more foreign investment to the Gulf state, sources familiar with the plan said.
Out of 20 Arab countries with available data for 2012, a total of 15 countries witnessed increases in FDI inflows
13:49 GMT
Despite the events of the Arab Spring, FDI inflows into Arab countries rose during 2012 by 9.8 per cent to reach $47.1 billion compared to $42.9 in 2011.
Saudi Agriculture
13:05 GMT
Remains overweight on Savola and Neutral on Almarai Volatility in global food prices, reliance on imports and a lack of pricing power are key concerns, said NCB
IFIs tend to maintain higher levels of very low-yielding cash and Islamic interbank placements on their balance sheet
06:13 GMT
The Saudi sukuk market will continue to grow over the next 12-18 months, a credit positive for Saudi banks, following a new record SR 25.2 billion ($ 6.7 billion) issuance of riyal-denominated sukuk in 2012.
Barclays’ study included responses from entrepreneurs, business leaders and investors in various markets
06:00 GMT
Wealthy individuals in the Middle East are not only resilient during a financial crisis, they are the most optimistic among major markets in the world.

June 17, 2013

Saudi Arabia accounted for more than 60 percent of the region’s total petrochemicals capacity in 2012
11:49 GMT
At 86.4 million tons, Saudi Arabia accounted for more than 60 percent of the region’s total petrochemicals capacity in 2012.
Digitalization of our economy is happening
11:37 GMT
A digital strategy is the need of the hour, according to some of the region’s leading digital companies.
Gulf Cooperation Council
11:28 GMT
GCC – India bilateral trade has increased from $145 billion in 2011-12 to $158 billion to 2012 - 2013 reflecting a growth of nine per cent.
Islamic financial assets in Tunisia could reach $17.8-$28.5 billion by 2018
11:28 GMT
Tunisia's fledgling Islamic finance industry could take a 25 to 40 percent share of the country's financial sector in five years' time if necessary rules, consumer education and private investment plans materialise.

June 16, 2013

The weekly jobless claims number fell last week by 12,000.
12:59 GMT
There will be a renewed focus next week on the Federal Open Market Committee (FOMC) meeting next week, and I am sure that every word will be dissected and analysed comprehensively, in the search for a conclusive answer about the tapering and/or ending of the Quantitative Easing programme.
Countries in the GCC have a huge density of wealthy residents
12:41 GMT
It’s not only the average-income consumers who have to grapple with inflation. Those with deeper pockets now have to spend more this year to continue living a life of luxury, a new research has found.
Salaries are likely to post a modest increase of 5 to 6 per cent
12:00 GMT
More opportunities will be available to jobseekers this year as business confidence has returned and the UAE continues to perform better than other regions around the world, recruitment experts have said.
Riyadh witnessed last Tuesday the first business women forum in the field of e-Commerce
11:43 GMT
Saudi e-Commerce in Saudi Arabia is expected to increase in the next two years to SR 50 billion ($ 13 billion), bearing in mind that the Kingdom monopolizes 45 percent of the volume of e-Commerce in the Middle East.
Analysis of exports composition shows that petrochemicals regained dominance as the top nonoil export category
11:38 GMT
Saudi Arabia’s external trade continued to display moderation for the third month in a row in March. The value of exports totaled SR 16.5 billion versus SR 17.5 billion a year ago.
This feedback mechanism due its soaring popularity has certainly housed many pockets
05:00 GMT
SMS YES or NO to 53421, asking for feedback on a poll or a question was the way conventional media started to interact with mobile.