Tuesday 21 November 2017

Saudi gets top currency credit ratings, stable outlook

S&P Global Ratings has affirmed its 'A-/A-2' unsolicited long- and short-term foreign and local currency sovereign credit ratings on Saudi Arabia with a stable outlook.   The ratings are based on expectation that the Saudi authorities will take steps


Oman workshop focus on exports to Iran

Ithraa, Oman’s inward investment and export promotion agency, recently held a one-day workshop at the Public Authority for Civil Aviation Training Centre, to explore the challenges Omani exporters face with doing business in Iran. Iran remains an attractive target for Omani


Lockton launches women’s initiative in UAE

Lockton, the world's largest independently owned insurance broker, has launched its Women In Leadership (WIL) initiative for Lockton's female associates, clients and business partners in the United Arab Emirates. More than 60 women from across the UAE participated in the


OIC expects 25pc intra-trade growth by 2025

Intra-trade between member states of the Organisation of Islamic Cooperation (OIC) is set to grow by 25 percent by 2025 due to measures aimed at consolidating joint cooperation in areas of trade, investment and tourism, a report said. The report was presented by the OIC General S


UAE cbank assets hit $715bn in October

The UAE Central Bank's gross bank assets, including bankers' acceptances amounted to around Dh2.639 trillion ($715 billion) during the month of October against Dh2.643 trillion in September. According to CB statistics released today, gross credit increased to Dh1.584 tril


Dubai economy set to grow by 3-4pc in 2017-2018

Dubai's economy is expected to grow by 3-4 per cent in the 2017-2018, Hamad Buamim, President and CEO of Dubai Chamber of Commerce and Industry, said at a ‘Meet the CEO’ event organised by the Government of Dubai Media Office (GDMO) on Monday. He pointed out that


Nasdaq Dubai to create futures on Emaar Development

Nasdaq Dubai will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM) following its initial public offering (IPO). The listing is expected to take place on November 22. Investors will be able to trade


Bahrain to host new Islamic finance forum

A new Islamic finance forum entitled “Islamic Finance Innovation Day” is set to take place in Bahrain on December 7.  The event is being held with the strategic partnership of the Bahrain Economic Development Board (EDB) and support from other industry partners i


KPMG seminar on internal audit in cyber security

KPMG in Bahrain, a top provider of audit, tax and advisory services, is hosting an educational seminar to shed light on the role of Internal Audit in preventing and addressing cyber-threats. The seminar, titled “Why cyber security and the changing role of internal auditors&


Saudi businesses urged to register for VAT

Saudi Arabia’s General Authority of Zakat and Tax (GAZT) has urged businesses with annual revenues over SR1 million ($266,300) to expedite their VAT registration process and ensure their readiness for its implementation. The Authority urged businesses to register through th

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