Al-Dhahirah and Al-Buraimi Governorates ranked fifth with a value of OMR1.3 million while North and South-Eastern Governorates came in sixth place with a market value of women investments amounting to OMR995,000. “Al Wusta came in seventh place with investments amounting to OMR107,000. Musandam came in the eighth position with... Read more
Overall salaries across industries in the UAE are projected to increase by 4.5 per cent in 2020, said Mercer, a global consulting leader in advancing health, wealth and careers, in its annual Total Remuneration Survey (TRS). Mercer’s TRS research of over 500 companies in the UAE also revealed the... Read more
Brazil’s total export market share in the Arab region rose 13.2 percent from January to September 2019 compared the previous year, recent figures released by Arab-Brazilian Chamber of Commerce (ABCC) showed. ABCC said the Brazilian trade balance with Arab states surged from 18,542.35 thousand tons valued at $2,991.20 million... Read more
The value of non-oil trade between the UAE and Russia over the past five years amounted to $14.1 billion, while last year’s non-oil trade totalled $3.4 billion, compared to $2.5 billion in 2017, a growth of 36 percent. In an interview with the Emirates News Agency, WAM, Abdullah Al Saleh,... Read more
Mohammad Al Shammary, vice president, procurement and supply chain management at Saudi Aramco, said that Aramco has launched a comprehensive localization program in an effort to develop services to contribute to raising the level of local content in the field of energy to reach 90 percent by 2020. Addressing... Read more
The Kingdom has advanced 13 points in the labor market efficiency index compared to last year (2018), according to the Global Competitiveness Report for 2019, Saudi Press Agency (SPA) said on Saturday. Saudi Arabia has also advanced in five subsidiary indices that measure aspects of market efficiency, according to... Read more
After a broad-based deceleration in the initial quarters of this fiscal year, India’s growth rate is projected to fall to 6 per cent, the World Bank said on Sunday. In 2018-19, the growth rate of the country stood at 6.9 per cent. However, the bank in its latest edition... Read more
The value of announced M&A transactions with any Mena involvement currently stands at an all-time high, up 160 per cent from YTD 2018 reaching $120.6 billion so far this year, said Refinitiv, a top provider of financial markets data. Deals with a Mena target, inter-Mena or domestic and inbound... Read more
In its latest report, World Bank (WB) forecast that Iran’s economy will move out of downturn in 2020. Although Iran’s economy will experience negative growth by the end of 2019 but it can experience its first positive economic growth in next year after the recent sanctions imposed against... Read more
Rated banks in the GCC should maintain stable financial profiles in 2020, barring any major increase in geopolitical risk or a sharp fall in oil prices, said S&P Global Ratings in a new report. S&P Global Ratings’ base-case scenario continues to exclude a full-scale military intervention in the region... Read more