Sunday 5 July 2015
 
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QP decides to not award contracts directly

Qatar Petroleum (QP) has decided not to assign any contracts by direct agreement with the relevant parties, including wholly or partly owned companies by QP or its subsidiaries, according to a report. This was disclosed by Gulf In

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Foreign investment in Bahrain hits $1bn

Inward foreign direct investment (FDI) in Bahrain was nearly $1 billion at the end of last year, a report has found. The United Nations Conference of Trade and Development’s (UNCTAD) World Investment Report 2015, launched re

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Foreign direct investment in GCC declines 14pc

Foreign direct investment (FDI) in the GCC fell to $24 billion last year from $28 billion in the previous year, down 14.6 per cent, according to United Nations Conference on Trade and Development’s (UNCTAD) annually published World Investm

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Gulf Air to launch direct Moscow flights soon

Direct flights between Muharraq and Moscow, expected to start this autumn, have the potential to put Bahrain on the map for Russian tourists and businessmen.   This is the view of Russian Ambassador Victor Smirno

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RBS to issue LCs directly from Singapore

The Royal Bank of Scotland (RBS) has been approved to issue letters of credit (LCs) for trading on DME, a leading energy futures and commodities exchange in the Middle East, directly from Singapore. RBS will be able to issue LCs d

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Citi launches CitiDirect BE Tablet app in UAE

Citi’s Treasury and Trade Solutions (TTS) has launched the CitiDirect Banking Evolution (BE) Tablet, a new iPad app. The app provides visibility into important transactional and financial information, supporting decision-mak

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UAE’s cbank to kick off Direct Debit System

The Central Bank of UAE is set to kick off the ‘Direct Debit System’ on October 5, following the completion of registration of banks and finance companies into the system. Direct debit is a safe and convenient method o

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Dubai Industrial City gets new bus service

The Dubai Roads and Transport Authority (RTA) on Saturday launched a regular bus service linking Dubai Industrial City, a member of Tatweer and the leading industrial destination, with the rest of the emirate. Eissa Al Dossary, chief execu

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