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AMEInfo - Feed

The ultimate Middle East business resource

Last Build Date: Thu, 08 Dec 2016 12:43:29 +0000


Morocco to issue first sukuk in first half of 2017, minister says

Thu, 08 Dec 2016 12:43:29 +0000

* Islamic banks and insurers are setting up in Morocco after it adopted legislation allowing them into the domestic market * The North African country had long rejected Islamic banking due to concerns about Islamist movements * Morocco’s financial market lacks liquidity and foreign investors, both of which Islamic finance could attract.   Morocco will issue its first […]

China’s Huawei sees transformational 2016

Thu, 08 Dec 2016 12:07:45 +0000

* Huawei has made good progression in market throughout 2016 * Consumer Business Group revealed Huawei Mate 9 mobile in Dubai * Huawei’s new cloud-based platform Higame also launched   Chinese technology firm Huawei has made quite a progression in the market throughout 2016, affirming its position as a strong global brand and a sturdy player in the […]

Tunisian union reaches wage deal with government, cancels strike

Thu, 08 Dec 2016 07:13:17 +0000

* The agreement reduces the prospect of widespread social unrest over austerity measures proposed in Tunisia’s 2017 draft budget * The UGTT had called a strike for Thursday over a proposed freeze on public-sector wage increases * Tunisia’s economy has struggled and it faces pressure from international lenders to reduce public spending and cut the deficit   Tunisia’s […]

Qatari fund to buy 19.5 per cent stake in Rosneft, Kremlin says

Thu, 08 Dec 2016 06:10:47 +0000

* Kremlin says deal is worth 10.5bn euros * It shows lure of Russian oil assets, despite sanctions * Deal comes days after OPEC, Moscow agree on output cuts * After Trump win, investors re-evaluating Russia risk    Russia said on Wednesday it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to Qatar and […]

Daily brief: Shell develops Iran oil and gas fields, FGB approves NBAD merger

Thu, 08 Dec 2016 05:36:34 +0000

Shell signs a provisional agreement to develop Iran’s oil and gas fields, an Iranian official said. Here are the business stories you need to know today.   Qatari fund to buy 19.5 per cent stake in Rosneft Russia said on Wednesday it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to […]

Businesses landscape to change in MENA: What you should know

Wed, 07 Dec 2016 09:20:31 +0000

* Many UAE CEOs worried about 2017 and also that recession is imminent * Majority of CEOs believe their businesses will experience “significant change” in next 3 years * 91 per cent of UAE CEOs expect their organisations to grow * Regulatory risks, talent risks and reputation risks considered ‘most significant threats”   Economies in the Middle East region, […]

Ink to produce Qatar Airways magazine: Report

Wed, 07 Dec 2016 08:42:40 +0000

* Ink will produce Qatar Airways’ monthly in-flight magazine Oryx * First edition under Ink is expected to appear on January 1 * Each edition of Oryx to have different theme * Ink publishes 26 in-flight magazines for 20 airlines   London-based publisher Ink has closed a deal to produce Qatar Airways’ monthly in-flight magazine Oryx, Saudi English-language daily […]

Turkish-Arab investors to spend $322m on luxury resort in Greece

Wed, 07 Dec 2016 07:09:12 +0000

* This is part of a key privatisation scheme under Greece’s international bailout since 2010. * Jermyn Street said it aimed to make the complex a prime destination for visitors from around the world. * The fund represents investors from Turkey, Abu Dhabi, Kuwait and other Arab emirates.   A Turkish-Arab fund plans to spend up to about […]

Saudi Aramco IPO unlikely to require rule changes says regulator

Wed, 07 Dec 2016 06:50:56 +0000

* No major rules changes needed for Saudi Aramco IPO * It may need to look at operations for dual listing * Nearly 10 applications for SME market received   Saudi Aramco’s planned flotation is unlikely to require any major changes to Saudi Arabia’s securities rules, the vice chairman of the kingdom’s market regulator said. The state oil […]

Saudi Arabia to form housing refinancing company

Wed, 07 Dec 2016 06:36:40 +0000

* The new housing firm will be called Saudi Refinancing Company * Saudi authorities plan to raise the proportion of Saudi homeowners to reach 52 per cent by 2020. * The initiative is part of a reform agenda to diversify the economy   Saudi Housing Minister Majed al-Hogail announced on Tuesday the formation of a company to refinance up to […]