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World’s leading oil, gas firms to participate in Adipec 2016

Nine international leaders from some of the world’s most prominent oil and gas companies have confirmed their participation in the 19th edition of the Abu Dhabi International Petroleum Exhibition & Conference (Adipec 2016), organizers revealed Sunday.


Held"...

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Fight against money laundering top priority
May 3, 2016

The Central Bank of Bahrain (CBB) views the fight against money laundering (AML) and combating the financing of terrorism (CFT) as a key priority, executive director for financial institutions supervision Abdul Rahman Al Baker has said.

Talking to the GDN on the sidelines of a forum at the Gulf Hotel yesterday, Mr Al Baker said Bahrain is part of the Financial Action Task Force (FATF) through"...

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GCC projects at $172b in 2015 shun low oil prices
May 3, 2016

International hardware and tools manufacturers are targeting the Middle East market, given the continued surge in spending on infrastructure building and construction across the region.

According to MEED Projects, the forecast for infrastructure and construction projects planned and underway in the Gulf Cooperation Council (GCC) alone was $172 billion in 2015 – the highest amount to date, notwithstanding the downward trajectory of oil prices.

The accompanying...

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UAE – Jersey trade relations: from a tax haven to taxonomy
May 3, 2016

As with any offshore financial centre, secrecy has been synonymous with the Channel Islands of Jersey. But the reason for the strong relations between the self-governing British dependency and the United Arab Emirates – still not known to many – is not confidentiality alone. It has not been so long since they met and shook hands but the changing times have brought them close.

Offshore tax haven
Since the early ’50s, Jersey has attracted banks, fund...

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‘Souq Al Mina’ receives encouraging response from Omani businesses
May 3, 2016

Oman Tourism Development Company (Omran) has received an encouraging response from aspirants to set up retail outlets at the Souq Al Mina - the modern business incubator in the upcoming Mina Sultan Qaboos Waterfront Development.

Due to the high interest shown by interested businesses, Omran has extended the applications deadline last month and successfully received 251 applications covering a wide variety of activities such as agricultural products, cafes and restaurants,...

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Fight against money laundering top priority
May 3, 2016

The Central Bank of Bahrain (CBB) views the fight against money laundering (AML) and combating the financing of terrorism (CFT) as a key priority, executive director for financial institutions supervision Abdul Rahman Al Baker has said.

Talking to the GDN on the sidelines of a forum at the Gulf Hotel yesterday, Mr Al Baker said Bahrain is part of the Financial Action Task Force (FATF) through"...

Continue Reading

GCC projects at $172b in 2015 shun low oil prices
May 3, 2016

International hardware and tools manufacturers are targeting the Middle East market, given the continued surge in spending on infrastructure building and construction across the region.

According to MEED Projects, the forecast for infrastructure and construction projects planned and underway in the Gulf Cooperation Council (GCC) alone was $172 billion in 2015 – the highest amount to date, notwithstanding the downward trajectory of oil prices.

The accompanying...

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