Top Economy & Politics News

  • Gulf states haven't formally mulled plan if Hormuz shut-Source


    Gulf oil producers aren't formally considering a contingency plan to mitigate the impact of any blockade of the Strait of Hormuz, the sea route through which about a fifth of the world's oil is shipped, a Kuwait oil official said Monday, downplaying threats from Tehran. Zawya Dow Jones News - 13Feb 09:15GMT
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  • CBB Treasury Bills Oversubscribed


    The Central Bank of Bahrain (CBB) announces that this week's BD35 million issues of Government Treasury Bills has been oversubscribed by 180%. Press Release - 13Feb 07:59GMT
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  • Dubai announces its Top-100 SMEs


    Dubai SME, the agency of the Department of Economic Development in Dubai (DED) mandated to develop the small and medium enterprise (SME) sector, has announced the first-ever 'Dubai SME 100' ranking of companies in a ceremony held at the Dubai World Trade Centre. Emirates 24|7 - 13Feb 07:50GMT
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  • Top companies export hits $14.3b in Iran


    Around 50 percent of Iran's non-oil exports pertained to 100 top companies in the past Iranian year (ended March 21), said industries, mines and trade minister. Iran Daily - 13Feb 07:45GMT
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  • New banknotes introduced in Oman


    The Central Bank of Oman (CBO) has introduced upgraded Omani banknotes of the denominations RO 10 and RO 5 with additional security features. From today, these new banknotes shall be in circulation as legal tender along with the existing banknotes which shall continue to remain legal tender, and circulated side-by-side with these new notes. Oman Daily Observer - 13Feb 07:39GMT
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  • Tehran, Minsk ink MOUs to bolster economic ties


    Iran and Belarus inked three memorandums of understandings at the end of their 11th joint economic committee meeting in Belarus capital Minsk. Tehran Times - 13Feb 07:36GMT
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  • Jordan King urges unified investment body


    His Majesty King Abdullah II, on Sunday stressed the need to unite the efforts of institutions concerned with attracting and encouraging investments and unify them under one and clear body. Jordan News Agency - Petra - 13Feb 07:00GMT
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  • Kuwait's central bank chief quits over spending: report


    Governor of the Central Bank of Kuwait, Sheikh Salem Abdulaziz Al-Sabah, has resigned in protest against the oil-rich Gulf state's steep rise in spending, local media reported. AFP - 13Feb 06:44GMT
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  • 33% of Saudi firms 'definitely hiring in the next 3 months'


    The latest Job Index survey conducted by Bayt.com and YouGov has shown that Saudi Arabia's hiring expectancy in the coming months is slightly lower than it was in the fourth quarter of 2011. Arab News - 13Feb 06:27GMT
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  • Ranking initiative seeks to inspire small firms


    The Mohammad Bin Rashid Establishment for Young Business Leaders (SME), an agency of the Dubai Department of Economic Development (DED), announced the top 100 SME rankings at a cere-mony at the Dubai World Trade centre. Gulf News - 13Feb 05:35GMT
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Dubai SME 100 ranking
 
Dubai Eye - 13 Feb 2012
Abdul Basit Al Janahi, CEO of Dubai SME, talks about how the new Dubai SME 100 ranking has been put together.
 
 
 
 
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  Major Currencies per USD
Euros *  1.32433  13Feb14:15
Pound Sterling *  1.58028  13Feb14:15
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Zawya Select
ZawyaSelect
UAE
An untapped goldmine
The top 100 micro, small and medium sized companies in Dubai have combined revenues of AED2.3bn, net profit of AED220m, and employ 4,319 people.
 

 
The real Greek tragedy
The public sector makes up 20% of the workforce, but enjoys higher wages than the rest. Some may argue that it was this sector that caused the sovereign mess in the first place, writes Kathleen Brooks, director of research at Forex.com.
 

 
Financial Services
No sir of mine
The U.K. Government sent out a message to fat-cat bankers by stripping ex-RBS chief Fred Goodwin of his knighthood. But should Sir Alan Greenspan and Sir Mervyn King suffer the same fate too, asks a senior economist?
 
 
Companies in Money
Rankings
Ranked by Market Cap 
Based on yesterday's close
| No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Saudi Basic Industries Corporation Saudi Arabia 75,990
2 Al Rajhi Bank Saudi Arabia 29,696
3 Qatar National Bank Qatar 26,133
4 Industries Qatar Qatar 20,299
5 Emirates Telecommunications Corporation UAE 19,910
» View Full List
 
 
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