• Saudi, US trade exchange Records SR135 billion in 2017

    Mar 20, 2018
    The United States ranks second in terms of the volume of the Kingdom’s trade exchange amounting to SR135 billion, according to preliminary data issued by the General Authority for Statistics for the year 2017.
  • Dubai Airport: world’s busiest

    Feb 06, 2018
    Dubai International Airport said it kept its place as the world’s busiest for international passengers in 2017 even as passenger traffic grew at its slowest pace in at least nine years.
  • Fertilizer Production Up 12% in 2017

    Oct 01, 2017
    GCC fertilizer exports have also been growing at 7.3 percent per annum over the last decade. These exports account for about a third of the chemicals export volume, with 90 percent sold in international markets.
  • GCC Finance Ministers to Discuss Unified VAT & Selective Taxation

    May 02, 2017
    Finance ministers from the six-nation Gulf Cooperation Council (GCC) will meet in Manama, Bahrain, to discuss a unified tax system, also known as VAT. The Committee for the Financial and Economic Cooperation (Finance Ministers) of the GCC countries will hold their 106th meeting in Bahrain, according to Ahmed Al-Kaabi, a spokesman at the GCC General Secretariat.
  • OPEC Members To Uphold Output Deal, says Algeria

    Nov 08, 2016
    OPEC officials met in Vienna last month to work out the details of the Algiers plan to reduce oil production, but failed to reach agreement. The High Level Committee of experts will meet again in Vienna on Nov. 25 ahead of the next meeting of OPEC ministers on Nov. 30
  • Cooperation Between OPEC, non-members vital to Maintain The Oil Market

    Nov 08, 2016
    OPEC pledged after a meeting in Algiers on September 29 to cut production for the first time in eight years on the back of a sustained depression in global prices. The agreement underlined the organization’s commitment to sustainability of oil markets.
  • GCC Overcome Hurdles to Make Historic Acheivements

    Dec 10, 2015
    Previous summits of the Gulf Cooperation Council (GCC) resulted in a number of concrete and historic achievements in various interests and aspirations amid serious conflicts, terrorism and the current oil price crisis. These achievements include activation of the unified military command, creating a unified naval power and determining the functions and duties to protect the interests of the member states
  • GCC to Adopt Unified Consumption Policy for Power& Water

    Jan 13, 2014
    Water and electricity officials from Gulf Cooperation Council (GCC) states will meet in Kuwait on Tuesday (14/01/2014) to discuss linkage project, said an official source. The meeting is being organized by GCC’s electricity cooperation committee. The committee will explore the possibility of implementing the joint legal and legislative rules to strengthen rationalizing the consumption of water and electricity, in addition to discussing subscribers’ services in the Gulf.
  • UAE Market Regulator Changes Margin Lending Rules & Penalties

    Jan 06, 2014
    The UAE stock market regulator has introduced new margin lending rules and vowed to crack down on unlicensed lending, it said in a statement on its website. Margin lending — borrowing with cash or share holdings as security, has been in high demand as investors sought to maximize gains from a UAE market surge, with Dubai and Abu Dhabi's bourses jumping 108 percent and 63.1 percent respectively last year.

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