economy

SMEs major contributors to Qatar’s economy

16/02/2017

Dubai – “ASWAQ” Small and medium enterprises are well known to be major contributors to any country’s economy, said the Deputy Prime Minister and Minister of State for Cabinet Affairs, H E Ahmed bin Abdullah bin Zaid Al Mahmoud who recently opened Qatar Chamber’s Second SMEs Conference, held under the auspices of Prime Minister and […]

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DUBAI, KAZAKHSTAN SIGNED MoU TO PROMOTE ISLAMIC ECONOMY

15/02/2017

Dubai – “ASWAQ” The Dubai Islamic Economy Development Centre (DIEDC) has recently signed a memorandum of understanding (MoU) with the Astana International Financial Centre (AIFC) to exchange expertise in the field of Islamic economy and finance, halal industry and human capital development. The MoU, signed by Sultan bin Saeed Al Mansouri, UAE Minister of Economy […]

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GCC PREPARES FOR BUDGETARY CUTS

13/02/2017

Dubai – “ASWAQ” GCC states are expected to make substantial budgetary cuts from 30 per cent upwards in order to maintain balanced budgets, regardless of signs of a gradual recovery in oil prices following the recent agreement among oil exporters to reduce output. With the substantial budgetary cuts all GCC countries are projected to record […]

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SAUDI ARABIA OPTS FOR PRIVATIZATION

11/02/2017

Dubai – “ASWAQ” Saudi Arabia plans to involve the private sector under its Vision 2030 reform plan, said the Minister of Energy, Industry and Mineral Resources Khalid Al-Falih to the recent World Economic Forum. Vision 2030 calls for development of non-oil industries, small and medium enterprises, and a broader investment base. It targets to make […]

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Dubai remains big attraction for GCC investors

09/02/2017

Dubai – “ASWAQ” Dubai’s residential property market is still attractive to the Gulf Cooperation Council (GCC) investors despite the regional economic concerns, says Artar Real Estate Development, a Saudi Arabian developer establishing itself in the UAE property market. Dubai residential property is still seen as providing long-term financial security as the Dubai market is experiencing […]

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Middle East debt issuance grew 145% to US$77.8 billion

08/02/2017

Dubai – “ASWAQ” Middle East debt issuance jumped to a record high of US$77.8 billion in 2016, a 145 per cent increase compared to 2015 and by far the highest annual total in the region since 1980, as major economies in the region turned to bond and Sukuk market to pull through the challenges posed […]

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Qatar is still an attractive investment destination, says Malaysian Envoy

08/02/2017

Doha – “ASWAQ” Qatar is still an attractive investment destination, says Malaysian ambassador to Qatar Datuk Ahmad Jazri Mohd Johar during the recent four-day visit of Deputy Prime Minister, Datuk Seri Dr Ahmad Zahid Hamidi, to Qatar. Datuk Seri Dr Ahmad Zahid Hamidi’s first visit to Qatar was at the invitation of Qatar’s Prime Minister […]

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DUBAI NAMED AMONG WORLD’S MOST DYNAMIC CITIES

08/02/2017

Dubai – “ASWAQ” Dubai has been named as one of the most dynamic cities in the world, as reported in JLL’s City Momentum Index (CMI) 2017. Dubai appeared 11th in the Global Top 30, just behind Nairobi (10th) and London (6th), while Indian powerhouse Bangalore topped the list, followed by Ho Chi Minh City, Silicon […]

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UAE Is Top Destination for M&As in the Region

16/12/2016

Dubai – “ASWAQ” The UAE was the most attractive destination for M&As in the region, leading as the top target country valued at US$17.1m with 14 deals in the third quarter, says EY’s Q3 2016 M&A report. The emirate witnessed the largest deal in Q3 with the acquisition of Media.net Advertising Ltd by Investor Group […]

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UAE forecasts Economic Growth to Improve in 2017

14/12/2016

Dubai – “ASWAQ” The UAE’s economic growth is expected to increase to approximately 2.4 percent next year from an estimated 2.2 percent this year due to higher forecasts in oil prices, as recently said by the governor of central bank of the UAE, Mubarak Rashid Al- Mansoori (Pictured above). Al- Mansoori, when speaking to reporters […]

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