June 2, 2013
Egypt has converted $2.5 billion that Qatar lent it in December into 18-month notes and is working to convert another $3 billion lent this month into three-year bonds, Egypt's central bank governor was quoted on Thursday as saying.
Oman Oil Company Exploration and Production LLC (OOCEP), an upstream oil and gas subsidiary of Oman Oil Co, has awarded a US$40mn engineering, procurement and construction (EPC) contract to Abu Dhabi-based National Petroleum Construction Co (NPCC).
Saudi Arabia exported nearly 1.06 billion barrels of oil in the first five months of the current year that yielded SR 428.6 billion, an economic expert was quoted by the local media.
Saudi stock market continued its positive movement for the second consecutive week, marking another gain of 0.56 percent.
International airlines operating in KSA have raised their fares to make maximum profit during the summer season when thousands of Saudis and expatriates travel abroad to spend their vacation.
May 30, 2013
Qatar's foreign merchandise trade balance has showed a surplus of QR107 billion in the first quarter of 2013, according to QSA’s preliminary report of exports and imports for the first quarter of 2013.
For the first time in the Middle East a diploma in Health Economics and Health Technology Assessment (HEHTA) is being offered, honing Dubai’s status as an international hub for medical tourism.
The Saudi stock market continued its upward march and managed a third straight rise yesterday, adding nearly 26 points further.
Mena Infrastructure Fund LP, a leading specialist infrastructure private equity fund, sponsored by Waha Capital PJSC, Fajr Capital Ltd and HSBC Group, has acquired a 20 per cent shareholding in Sohar Power Company SAOG.
QATAR’S market share in the GCC aviation industry is expected to grow by 17 percent whereas the latter’s share in the global aviation market is likely to increase by five percent by 2023.
Newly developed areas in Dubai will soon have public bus routes as the Roads and Transport Authority (RTA) plans a major revamp of its ever-expanding network.
UAE-Spanish trade increased by 75 per cent from 1 billion euros in 2009 to 1.75 billion euros by end of 2012, Minister of Economy Sultan Bin Saeed Al Mansouri said on Wednesday at the Second UAE-Spain Joint Economic Committee which was held in Abu Dhabi.
With Indian companies and investors continuing to evince interest in Freezone Sohar, the economic hub is aiming to double investment from India to US$250mn in the coming two years from the present US$125mn.
Stocks in Dubai and Abu Dhabi continued to rise, with their benchmark measures gaining for the third straight day yesterday.
May 29, 2013
Standard & Poor's Ratings Services has revised the outlook on the long-term sovereign credit ratings on the Kingdom of Saudi Arabia to positive, from stable.