Business MENA Edition

Saudi Aramco, Saudi Information Technology Company to form venture to invest in tech sector

oil and gas Saudi Aramco, Saudi Information Technology Company to form venture to invest in tech sector

UAE's FAB Securities cuts eight staff -sources

financial services UAE's FAB Securities cuts eight staff -sources

Credit Suisse names Dominique Leimer head of Saudi private bank- Bloomberg

financial services Credit Suisse names Dominique Leimer head of Saudi private bank- Bloomberg

Latest News

U.S. housing starts rebound; single-family segment weak

U.S. homebuilding rebounded in November, driven by a surge in multi-family housing projects

Amazon to create 600 tech jobs in Toronto

Currently, Amazon has more than 800 corporate employees in Toronto.

Trump, without evidence, blasts social media companies over his followers

Trump accused the companies of blocking his followers and making it harder for people to follow him.

Italy's Saipem to sign deal this week for Russian LNG work - sources

Novatek wants new LNG plant running by 2022-2023

India's Gandhi ratchets up pressure on PM Modi to waive farm loans

Gandhi's Congress party waived farm loans in the central states of Madhya Pradesh and Chhattisgarh

China's manufacturing powerhouse Guangdong suspends PMI data release as numbers slide

The abrupt data suspension breaks a near seven-year tradition since Guangdong started the series at the end of 2011

Real Estate

Mideast Stocks: Gulf indexes fall on weak oil prices, real estate dampens Dubai

equities Mideast Stocks: Gulf indexes fall on weak oil prices, real estate dampens Dubai

First Group to inject $290mln into two tourism projects in Egypt

travel and tourism First Group to inject $290mln into two tourism projects in Egypt

U.S. housing starts rebound; single-family segment weak

Clustre lustre: Middle East tall tower numbers rise, but come in bunches

travel and tourism

New boutique five-star hotel opens in Sharjah

Construction

Oman working towards creating 300,000 jobs in logistics sector by 2040

jobs Oman working towards creating 300,000 jobs in logistics sector by 2040

Major road projects near completion as Kuwait improves infrastructure

transport Major road projects near completion as Kuwait improves infrastructure

U.S. housing starts rebound; single-family segment weak

ADNOC, Cepsa award engineering contract to Spain's Tecnicas Reunidas

$282mln highway connecting Jordan, Saudi Arabia opened

Energy

Saudi Aramco, Saudi Information Technology Company to form venture to invest in tech sector

oil and gas Saudi Aramco, Saudi Information Technology Company to form venture to invest in tech sector

Libya's NOC declares force majeure on operations at biggest oilfield

oil and gas Libya's NOC declares force majeure on operations at biggest oilfield

Italy's Saipem to sign deal this week for Russian LNG work - sources

Saudi 2019 budget boosts spending in bid to spur sluggish economy

Investment Corporation of Dubai reports 9.56% drop in H1 profits

Financial Services

Oman's bonds tumble as Fitch cuts credit rating to junk

bonds Oman's bonds tumble as Fitch cuts credit rating to junk

UAE's FAB Securities cuts eight staff -sources

financial services UAE's FAB Securities cuts eight staff -sources

financial services

Trump pressures Fed before meeting, warns against 'another mistake'

India's Gandhi ratchets up pressure on PM Modi to waive farm loans

financial services

Morocco keeps benchmark interest rate steady at 2.25%

Islamic Finance

Emirates Steel finalises $400mln Murabaha facility

metals Emirates Steel finalises $400mln Murabaha facility

Goldilocks Investment buys 29.5% stake in Dubai-listed Takaful Emarat

investment Goldilocks Investment buys 29.5% stake in Dubai-listed Takaful Emarat

islamic finance

Saudi banks close to deal with authorities on Islamic tax: sources

islamic finance

UAE’s Emirates Steel refinances $650mln of debt with new loan, sukuk – sources

islamic finance

Islamic Finance Gateway daily briefing

Technology

Saudi Aramco, Saudi Information Technology Company to form venture to invest in tech sector

oil and gas Saudi Aramco, Saudi Information Technology Company to form venture to invest in tech sector

Dubai Municipality launches training centre using Virtual Reality Environment

technology Dubai Municipality launches training centre using Virtual Reality Environment

Amazon to create 600 tech jobs in Toronto

Trump, without evidence, blasts social media companies over his followers

EU approves $2bln aid to microelectronics plan by France, Germany, Italy, UK

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