August 29th, 2018 | 0 commentsStandard & Poor's reported that GCC countries are among the 22 sovereigns with liquid assets exceeding 25% of gross domestic product (GDP). Three countries of the GCC have liquid assets worth as much as 100% of GDP, according to S&P global ratings' report titled “Government Liquid Assets And Sovereign Ratings: Size Matters” issued...
August 17th, 2018 | 0 comments Bilateral trade between Qatar and the GCC reached QAR 5 billion, according to a report released by the Ministry of Development Planning and Statistics (MDPS). The UAE topped the GCC in terms of the volume of its exports to Qatar, with total exports of QAR 1.8 billion recorded in Q2-18, followed by Oman, whose exports to the gas-rich nati...
August 13th, 2018 | 0 commentsKanoo Travel, a division of Yusuf bin Ahmed Kanoo group (YBA Kanoo Group) and one of the largest travel companies in the region, has awarded the cloud-based contact centre solution to Kalaam Telecom, a global managed solutions provider for businesses across GCC and international markets. This deployment was aimed at enabling Kanoo’s custo...
August 13th, 2018 | 0 commentsThe UAE Federal Authority for Government Human Resources (FAHR) has announced a week-long Eid Al Adha holiday for ministries, and federal departments in the GCC country. The Eid holiday will start on Sunday, 19 August, and end Thursday, 23 August, according to Emirates News Agency (WAM). The Supreme Court of Saudi Arabia announced that th...
August 13th, 2018 | 0 commentsQatar’s non-oil exports jumped 33.7% during the first half of 2018, according to Qatar Chamber’s monthly report on Sunday. Qatari non-oil exports amounted to QAR 11.5 billion ($3.15 billion) in H1-18, compared to QAR 8.6 billion ($2.4 billion) in H1-17. As for June, Qatar’s total exports hiked 108% year-on-year to QAR 1.65 billion, versus...
August 10th, 2018 | 0 commentsAbu Dhabi's state investorMubadala Investment Co has completed 31 deals since the beginning of 2017, which will pave the firm to compete for global deals and sell assets. Despite Saudi Arabia’s sovereign wealth fund is attracting a large number of investors, the kingdom’s Public Investment Fund (PIF) has completed 16 deals, according to t...
August 8th, 2018 | 0 commentsThe UAE has expressed its rejection of the interference in Saudi Arabia’s domestic affairs, confirming its support to the Kingdom in its diplomatic dispute with Canada. The Arab League has also uttered its condemnation to statements voiced by Canadian officials regarding the human rights situation in Saudi Arabia. Moreover, similar suppor...
August 8th, 2018 | 0 commentsThe World Bank has issued its logistics performance index for the year 2018, showing that Kuwait declined to the 63rd place globally, as reported by Al Anba Newspaper. Kuwait dropped ten places when compared to the bank’s latest report in which Kuwait ranked the 53rd in terms of the logistics performance, Al Anba added. The reports showed...
August 6th, 2018 | 0 commentsThe number of visitors to Qatar tumbled 35% year-on-year in the first half of 2018 due to a large drop in those coming from nieghbouring GCC countries after the diplomatic rift that took place in June 2017, data released by Qatar's Ministry of Development Planning and Statistics (MDPS) showed. Visitors reached 944,600 during H1-18, down f...
August 1st, 2018 | 0 commentsMajid Al Futtaim’s revenue grew 13% year-on-year in the first six months of 2018, recording AED 17.8 billion. The Dubai-based shopping malls, retail, and leisure group stated that its earnings before interest, tax, depreciation and amortisation (EBITDA) also rose to AED 2.1 billion in H1-18, 4% up compared to the year-ago period, accordin...
