“The financial services sector is also a pillar industry of Hong Kong, contributing to about 20 per cent of gross domestic product,” the finance chief wrote. “The development of the financial market ... ( read original story ...)
Bahrain seafront tower project work set to kick off
Work will begin soon on Future Generation Reserve Tower, a key seafront development in Bahrain featuring 38 floors of office accommodation and other service facilities, reported BNA. The project, ... ( read original story ...)
Kuwait’s stocks gauge jumps while gulf peers drop
Kuwait’s main equities index rebounded in the first day of trade since the end of a mourning period following the death of the country’s ruler. Most other markets in the Middle East declined. The ... ( read original story ...)
Kuwait Petroleum Corporation raises 1 bln dinars loan
State-run Kuwait Petroleum Corporation (KPC) has agreed a 1 billion dinar ($3.27 billion) loan with National Bank of Kuwait (NBK) and Kuwait Finance House, NBK said in a bourse filing. ( read original story ...)
‘Lebanon is going to Hell’
Hopes of a new direction dashed by traditional power struggles – CM correspondent Over a month ago Mustafa Adib was designated by the Lebanese president to form a new government. After struggling ... ( read original story ...)
Dubai’s Shuaa unveils 3 shariah funds, secures $75mln in commitments
Dubai-based Shuaa Capital has launched three new shariah-compliant funds and secured commitments worth $75 million. The open-ended products, expected to be the largest of their kind, will be domiciled ... ( read original story ...)
UAE E-Payments: 10 Government Entities that Accept Credit Card Payments
Discover UAE's top 10 government entities that accept credit card payments and explore the top government initiatives that will turn the UAE into a smart country. ( read original story ...)
UAE’s Shuaa launches three Sharia-compliant funds in ADGM
Shuaa Capital has launched three Sharia compliant funds and already secured $75 million of commitments. The Shuaa High Yield Sukuk Fund, Nujoom Aggressive Fund and Nujoom Balanced Fund are the first ... ( read original story ...)
PROJECTS: Oman’s OQ to launch renewable energy projects by early next year
Oman's integrated energy and petrochemicals giant, is set to launch renewable energy projects by the end of this year or early next year, a senior official at OQ said. Najla Al Jamali from OQ's ... ( read original story ...)
Afghanistan fulfils almost 90% of pledges to int’l donors
The Afghanistan government has fulfilled "almost 90 per cent" of its commitments made to international partners in order to secure continued assistance, Acting Finance Minister Abdul Hadi Arghandiwal ... ( read original story ...)