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| CEO-elect of fraud-hit bank quits |
| Source : Arab News |
| Date : 2013-05-24 |
| The proposed new chief executive of National Bank of Ras Al-Khaimah (RAKBANK), one of two banks which were named recently as victims of a massive global bank card fraud, has... |
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| Oman participates in WEF on Mideast and Africa |
| Source : Oman Daily Observer |
| Date : 2013-05-24 |
| Dr Salem al Ismaily, Chairman of The Public Authority for Import Promotion and Export Development (PAIPED), will lead the Omani delegation to the World Economic Forum on the Middle East... |
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| Qatar Airways celebrates Salalah launch |
| Source : Oman Daily Observer |
| Date : 2013-05-24 |
| Launching the inaugural flight of Qatar Airways to Salalah Airport was celebrated in the Governorate of Dhofar yesterday during a ceremony held under the auspices of Shaikh Abdullah bin Saif... |
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| UAE economy gains momentum |
| Source : Khaleej Times |
| Date : 2013-05-24 |
| The UAE's non-oil producing private sector companies reported a further increase in output levels in April, according to the HSBC Purchasing Managers Index, or PMI.... |
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| Jeddah food and hotel expo sets new standards |
| Source : Arab News |
| Date : 2013-05-24 |
| Saudi Food & Hotel and Hospitality Expo 2013 has been hailed as a major success as it concluded a four-day run in Jeddah.... |
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| Agricultural projects in Sohar reviewed |
| Source : Oman Daily Observer |
| Date : 2013-05-24 |
| Dr Fuad bin Jaafar al Sajwani, Minister of Agriculture and Fisheries, yesterday visited a number of experimental farms affiliated to the ministry and agricultural projects funded by the Agriculture and... |
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| MSM index edges down |
| Source : Oman Daily Observer |
| Date : 2013-05-24 |
| Muscat Securities Market, MSM 30 index ended the week’s trading sessions in negative territory on pressure from both the Financial and Services indices. The local bourse closed down by 0.21... |
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| Archelons plans to invest $ 1mn in Qatar |
| Source : Gulf Times |
| Date : 2013-05-24 |
| India's recruitment firm Archelons plans to invest $ 1mn in Qatar over the next five years into various talent management solutions.... |
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| Most Gulf markets plunge |
| Source : The Peninsula |
| Date : 2013-05-24 |
| Most Gulf markets fell yesterday as a sell-off on international bourses spurred regional investors to cash in gains from an early-year rally.... |
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| Bahraini banks in merger talks as consolidation picks up |
| Source : The Peninsula |
| Date : 2013-05-24 |
| Bahrain's Al Salam Bank and BMI Bank, an affiliate of Oman's Bank Muscat, have announced plans to merge, a tie-up which would create the kingdom's third-largest bank by assets,... |
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| Initiatives in support of SMEs highlighted |
| Source : Oman Daily Observer |
| Date : 2013-05-24 |
| Al Rafd Fund gave a power point Presentation at Grand Hayatt Muscat Hotel on a successful experience of one British institution called (Exemplas) that works in support of small and... |
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| Dubai among top four in prime global cities index |
| Source : Khaleej Times |
| Date : 2013-05-24 |
| Dubai recorded 18.3 per cent surge in luxury home prices to rank among the top four in 'Prime Global Cities Index' as prime property prices across the world fell by... |
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| Retail investors spur Kuwait market |
| Source : Arab News |
| Date : 2013-05-24 |
| Kuwait's stock market boom could run out of steam if the government doesn't push ahead soon with long-delayed infrastructure projects aimed at diversifying the economy.... |
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| SAMA's net foreign assets surge to SR 2.506 trillion |
| Source : Arab News |
| Date : 2013-05-24 |
| The Kingdom's M3 money supply growth accelerated to 14.1 percent year-on-year at the end of April, the fastest rate since October 2011, from 12.3 percent in the previous month, data... |
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| Saudi Arabia: Interest rate outlook, 2013-15 |
| Source : Samba |
| Date : 2013-05-23 |
| In this note we consider the outlook for Saudi interest rates, given their importance to businesses and consumers, and the fact that the key interbank rate, SIBOR, has moved higher... |
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| GCC Markets Monthly - May 2013 |
| Source : Gulf Investment Corporation |
| Date : 2013-05-23 |
| Global Economy grew by 2.3% q‐o‐q in Q1 2013 mainly due to improved growth in EM economies. However, China’s growth dropped to 7.7%. Commodity prices witnessed correction as fears of... |
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| Weekly Economic Update: Gulf One Investment Bank |
| Source : Gulf One Investment Bank |
| Date : 2013-05-23 |
| For the first time since April 2008, the US recorded its biggest fiscal surplus highlighting the importance of the recent tax increase and budget cuts that are helping to bring... |
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| Real Estate Market Commentary |
| Source : Kuwait Financial Centre - Markaz |
| Date : 2013-05-23 |
| According to CBRE, the residential sector remains upbeat with rental rates increasing by 4% since the previous quarter. Average 2 BR rents in established residential locations grew by 27% Y-o-Y.... |
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| GCC Markets Performance – April 2013 |
| Source : Global Investment House |
| Date : 2013-05-23 |
| Global equity markets, although improved, were dull on weak economic data released in April. GDP growth in the US at 2.5% in 1Q13 was disappointing against consensus expectations of 3.1%.... |
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| GCC: positive outlook despite oil price dip |
| Source : National Bank of Kuwait |
| Date : 2013-05-23 |
| The recent dip in oil prices to around $100 has raised concerns about the impact on the region's economy. But for us, the fall was broadly anticipated and does not... |
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