Finance Sector Oil boom in the GCC countries correlated with the council’s adoption of many plans aiming to attract investments to the region. Though the last three decays witnessed gulf investors headed to invest in other countries, and the spread of (petro-dollars) phenomenon which is a mechanism to circulate the Gulf petroleum earnings in the markets of the world, many changes had happened made the national investors return to invest their money in their countries particularly after September,11 events. The rates of the national and foreign investment flow have increased encouraged by the facilities offered by the council’s countries to attract the national and foreign investments particularly the tax exemption for some projects and issuing more regulations so as to free the real estate circulation in the regions’ countries. The most important pushing facts of the investment rising in the countries of the council are the rise of the rates of the monetary liquidly and that mean the abundance of investment channels. The rates of the local flowage in the countries of the council to reach in the year 2006 in UAE 23,21%, Saudi Arabia 19,31%, Bahrain 14,89%, KUWAIT, 21,66, Qatar 37, 95%, Oman 24,49%. |
Saudi banks ease foreign investment drive |
Business & Finance Club - Riyadh : Saudi Arabia's banks have eased a drive to amass investments abroad as they appear to be shifting their interest back to the domestic market after keeping a low profile for more than a year, according to official data. .. المزيد |
Saudi Arabia sees jump in private sector lending |
Business & Finance Club - Riyadh : Bank lending in Saudi Arabia bounced back in June to record its largest monthly gain since August last year and the second-highest growth since late 2008, the latest data from a Riyadh-based Jadwa Investment showed.
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Commercial Bank of Dubai's ratings affirmed |
Business & Finance Club - UAE : Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed the Commercial Bank of Dubai's (CBD) Foreign Currency ratings at A long-term and A2 short term with a Stable Outlook an .. المزيد |
$3.5bn Qatari Diar financing for Barwa |
Business & Finance Club - Qatar : Barwa Real Estate Co yesterday said one of its units got a $3.5bn Islamic murabaha financing from Qatari Diar Finance. The financing is in two murabaha contracts: the first provides $1bn maturing in July 2015, and the sec .. المزيد |
Kuwait Finance House posts $598.5m profit |
Business & Finance Club - Kuwait : Kuwait Finance House Group (KFH) achieved a total gross profit of 172.8 million Kuwaiti dinars ($598.5m) for the first half of the year and a net profit attributable to shareholders of 70.8m dinars. .. المزيد |
Dubai planning bourse for SMEs |
Business & Finance Club - DUBAI: Dubai aims to set up an alternative stock market for small and medium enterprises (SMEs) to create more exit options for the region's private equity sector, the chief economist of the emirate's economic free zone said. .. المزيد |
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