Main headlines
June 4, 2013
Gulf carriers are now expected to turn in a profit of $1.5 billion this year compared to the previously projected $1.4 billion,
June 3, 2013
State-owned Islamic Bank of Thailand plans to increase its capital by 7.11 billion baht ($234.9 million) and issue a 5 billion baht sukuk, the country's first-ever Islamic bond, the bank said on Monday.
The Labor Ministry has launched a wage protection program for workers of mega companies having 3,000 or more employees.
The Saudi stock market registered solid gains last month. At the end of May 2013, the Tadawul All-Share Index (TASI) closed at 7,404.12 points, gained 224.3 points or 3.12 percent over the close of the previous month.
Venezuela’s Pacific Rim Energy is interested in establishing a $200 million solar power plant in Jordan with generation capacity of 80 to 100 megawatts.
Egypt has begun implementing the first phase of a project to distribute petrol from depots to gas stations using smart cards as part of a plan to restructure the energy subsidies.
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.
