Monday 20 May 2013
 
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Pedersen & Partners boosts Gulf presence

Pedersen & Partners, a leading international executive search firm with offices in 46 countries, is set to strengthen its presence in the Gulf region, with special focus on Saudi through key appointments. Ewan Walton, formerly cou

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Transparency 'key to boost real estate investment'

Real estate firms in the GCC looking to attract investment must increase transparency and public disclosure, said an industry expert. 'Real estate companies with highly regulated and transparent corporate governance policies can t

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Qatar says no big spending in next FY budget

Qatar's state budget for next fiscal year will be roughly the same size as the current year's budget, finance and economy minister Youssef Kamal said on Monday. 'It will be the same size as the prevailing budget, maybe a little

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Key services sector boost for euro zone

The euro zone may escape recession thanks to a surprise upturn in the service sector this month but the overall economy is still struggling to gain any traction outside Germany and to a lesser extent France, surveys showed yesterday. Marki

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Oman plans to boost govt spending in 2012

Oman may raise state expenditures this year if needed but the government does not plan to issue any sovereign bonds, Finance Minister Darwish al-Balushi said on Monday. "If there is any need arising during the year, then of course we will

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UK keen on boosting Bahrain business ties

The UK has a clear interest in helping Bahrain to move forward, British Ambassador, Iain Lindsay, told members of the Bahrain British Business Forum (BBBF) at a lunch meeting on Sunday. He said that since he arrived in Bahrain three weeks

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Sabic plans to boost China investments

Petrochemical giant Saudi Basic Industries Corporation (Sabic), which boasts of a strong market position in China with double digit growth year-on-year, plans to strengthen its investments in the country, said its chairman. Prince Saud bin

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Mideast banks told to boost lending

The Middle East and North African banks must do more to offer ordinary people and smaller businesses in the region broad, reliable and equal access to financing, the World Bank said. "Financial systems across the Mena proved resilient duri

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Petchem gains boost Saudi stocks

Saudi shares opened higher on Saturday led by gains in the petrochemical and banking sectors. The all-share climbed one per cent to 6,132 points. The jump was mainly supported by gains in the petrochemical sector which added 1.6

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Tamkeen boost for Bahrain firm

Tamkeen has extended its support to Elames, a division of Behzad Group, to introduce a new high-tech machine in Bahrain that will increase production capacity by 400 per cent. This is being funded through financial assistance from Tamkeen&

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