Wednesday 30 July 2014

Iraq 5-year plan will attempt to diversify economy

Iraq's government has released a five-year economic plan which will try to diversify beyond oil production and develop the industrial sector. The plan, announced this week, faces major obstacles including a rising level of sec


WTO highlights key UAE role in global trade

The World Trade Organization (WTO) in its recent policy review report underlined the important role played by the UAE in global trade and the multilateral trading system. Speaking at the WTO’s headquarters in Geneva,  Eduardo Munoz, C


Saudi's foreign share listing 'a strategic move'

Saudi Arabia's decision to open up its stock market for foreign investors is a strategic move by the Kingdom to seek diversification from its core oil resources and emerge as a strong financial centre in the Gulf, said an expert.


Islamic banks 'must diversify to tackle crisis'

Islamic investment banks are too dependent on real estate for their investment activity and they need to diversify into other asset classes such as Islamic private equity and venture capital in order to weather economic crisis, says a new report.


UAE tops GCC in diversifying export structure

The UAE ranks first in the GCC in terms of non-oil contribution to the structure of total exports and declines in the contribution rate of oil exports, according to the World Trade Organization (WTO) annual report on foreign trade statistics for 2


Mazaya to set up Bahrain, Ajman companies

Kuwait's Al Mazaya Holding Company, said on Saturday it plans to set up two companies in the UAE's Ajman emirate and Bahrain to diversify its revenue sources. It did not give further details in a statement. The company, with a port

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