Deloitte offers free and interactive VAT app to GCC businesses and individuals With the progressive implementation in 2018 and the representatives of the Member States of the GCC having agreed on a formal VAT system Treaty across all six Member...
Facebook e-commerce is becoming the new trend over social media, as more and more consumers are looking forward to have social shopping and also companies are jumping over this F-commerce market. Some e-commerce start ups, backed by some tech financiers,...
  Tomasz Wisniewski, Director of Research and Education at Axiory Global in his crystal ball prediction on the market economy argues that the current market performance is not an indicator of global economic performance. The markets initially reacted with one of...
A new government report celebrates the success of tourism, services and telecommunications sectors driving the growth of Bahrain’s economy over the last decade. Titled Drivers of Economic Growth 2000-2011 the report by Economic Development Board (EDB) highlights the country's strong growth...
As far as economic prosperity is concerned, one doesn't have to look towards the otherwise conventional Western countries nor towards the Far East, in China. It’s in the Middle East that the treasure trove of economic prosperity lies with...
Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has launched the Dubai Plan 2021. Launching Dubai Plan 2021 is the beginning of a new phase of sustainable and...
A senior Bahraini government official revealed the country's budget deficit has ballooned up to five-times in the last 10 years. He added that the figure stood at 1.8% in 2002 and is expected to reach around 9.7% by the end...
Nigeria has pipped South Africa as the largest economy in Africa in terms of GDP figures as per the recently published report of the National Bureau of Statistics carried out after the rebasing exercise of the Nigerian economy. As per...
Under-Employed, Under-Inclusive and Under Threat: the World in 2017 The Global Risks Report 2017 Summary: The Report highlights the potential of persistent, long-term trends such as inequality and deepening social and political polarization to exacerbate risks associated with, for example, the weakness...
Kuwait's Emir Sheikh Sabah Al Ahmad Al Jaber Al Sabah has donated a sum of $5 million to the disaster-stricken Fukushima Prefecture. State-run Kuwait News Agency (KUNA) quoted Kuwaiti foreign minister Sheikh Sabah Khalid Al Hamad Al Sabah as saying that...

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"It is estimated that 30-50% of all food produced on the planet is lost before reaching the human stomach." ~Dr.Tim Fox , Head of energy and environment at the Institution of Mechanical Engineers~ The global population is estimated to reach 9.5...
A new report by leading global property adviser CBRE shows that Dubai has retained its position as the 2nd most important retail destination in the world. Findings of the 2013 edition of How Global is the Business of Retail? were...
  • Swiss-UAE bilateral trade in 2017 valued at AED 51.8 billion • Swiss FDI to the UAE at AED 74 billion • UAE is Switzerland’s top GCC trade partner and tourism source market Switzerland was the third biggest destination for the UAE’s...
With the rise of Qatar and the UAE as new Emerging Markets, several investment opportunities are attracting foreign investors to the region. With India and China losing some steam in terms of their emerging market glitter, the Middle East is...
Calls to curb extravagant spending by Qatari youth on foreign trips in summer. The Qatar Central Bank (QCB) is under pressure from various segments of Qatar society to introduce stricter rules for disbursement of personal loans to Qatari youth. The calls...
Gas-rich Qatar has the highest density of millionaires in the world, where 143 out of every 1,000 households have private wealth of at least $1 million, followed by Switzerland (116), Kuwait (115), Hong Kong (94), and Singapore (82). The...
After several years of deliberations, the Saudi government is considering reforms that open up the country’s equity market for foreign investors to stimulate equity investment in KSA. The kingdom has long debated introducing market liberalisation reforms and technical preparations, but...
Emirates Airline lists 913 million US dollar Sukuk on Nasdaq Dubai • Listing underlines Dubai’s growth as global Capital of Islamic Economy • Nasdaq Dubai supports global visibility of airline’s Islamic capital-raising activities Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and Chief...
Abu Dhabi Investment Authority (ADIA) is the world's richest sovereign wealth fund, according to a global organisation designed to study sovereign wealth funds. The Sovereign Wealth Fund (SWF) Institute listed ADIA's assets at a staggering $627 billion. The Abu Dhabi Investment Authority...
The economic boost in the Middle East has also extended to the stock market and stock market indices in the region. Most significant in this context are the stock markets in the UAE and Qatar which have gone up...
Top 10 things to consider before buying a Villa in Dubai Dubai is a melting pot of cultures, offering a comfortable living experience of a high quality. Constantly soaring to new heights and offering a plethora of options in all...
Knowledge and Innovation to remain Dubai's priority - Sheikh Hamdan, Crown Prince of Dubai The emirate of Dubai has worked hard over the past several decades to develop wider, more diversified economic bedrock to power growth. As a result, the emirate...
The UAE and Oman announced they have decided to set up two committees on investment and transportation in order to encourage joint ventures and improve business facilities in neighbouring countries. The agreement was signed during the third meeting of...

The benchmark interest rate of the Reserve Bank of Australia is left unchanged for its sixth straight meeting. Experts are forecasting that the official interest rate will rise one percentage point to 5.75 per cent in the next 12...
Kuwait’s state-run news agency reported the oil rich nation's gross domestic product to grow as much as 5.4% for the fiscal year ended 31 March, citing a study by the finance ministry’s Department of Macroeconomic and Fiscal Policy. Kuwait News...
International exhibitor participation up sevenfold at Decofair 2013 Decofair 2013, Saudi Arabia’s only premium international furniture and interior design show, has seen a sevenfold increase in international exhibitor participation as global interior brands look to tap into the Gulf region’s...
Massive growth potential for Sukuk market in Gulf region, states Dubai Chamber report The global Sukuk industry is expected to be one of the fastest growing segments of the Islamic finance industry with huge growth potential in the Gulf Cooperation...
Africa and Middle East Witness Increased M&A Activity: While Limited Confidence and Currency Fluctuations Influence Global M&A Deal Volumes Deals involving high growth markets (HGMs) fall to levels reminiscent of the lowest point of the global downturn Middle East and Africa...
Qatar Non-Hydrocarbon Sector to be Worth Half of Qatar GDP by 2015. QNB Group Economists: 'Non-Hydrocarbon Sector' Infrastructure Investments Are Driving Double-Digit Growth. Future Development in Focus at The Euromoney Qatar Conference. Qatar's real GDP is expected to grow by 6.5...
New official statistics show that compared to 2010, the Sultanate of Oman increased its foreign investments by about 36.5 percent at the end of 2011. Released by the National Centre for Information and Statistics (NCSI), the figures show an Omani...
Massive Government ICT investments transforming Saudi Arabia’s innovation economy, enhancing development, business growth and productivity. Saudi IT Market Set to Top USD 14 Billion by 2017with Government Sector Fastest-Growing Industry Vertical: IDC More than 500 of Kingdom’s Organisations Set to Attend GITEX...
Defence expenditure forms one of the core fiscal expenditures of countries with millions of dollars being spent by governments to ensure that their defence system is up-to date and bolstered with highly refined arsenal. Defence expenditures aren’t however mindlessly...
Findings from Labbrand’s recent survey also indicate an inherent paradox embodied in the nature of tertiary education today. Multiple market forces are creating pull and push tensions, which appear contradictory and difficult to manage. Catering for a diverse international,...
Sharjah, one of the seven Emirate of the United Arab Emirates (UAE) is often overshadowed by its bigger Emirates' Abu Dhabi and Dubai. However, as much there is advancement and robust growth in Dubai and Abu Dhabi, Sharjah is...
A top government official has revealed that Oman is considering the issuance of a U.S. dollar-denominated sovereign bond, which would mark the return of Sultanate to the international bond market. Speaking to Reuters, Omani finance minister Darwish al-Balushi stated that...
Oman’s nominal gross domestic product (GDP) recorded a growth of 22.7% to OMR27.95bn ($72.62bn) during 2011, according to the state news agency. Oman News Agency reported that the GDP of the country’s oil sector expanded 36.3% to OMR14.22bn with GDP...