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MIDDLE EASTERN (B)

Bahrain Determined to Increase Bahranization Efforts

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Plans are on track to increase the number of Bahrainis employed in the small and medium enterprises (SMEs), from the current workforce of 36,000 to 43,000 by 2023.

This was revealed by Industry, Commerce and Tourism Minister Zayed Alzayani who said the government has taken a wide range of measures to support SMEs including access to capital and amending laws.

“We want to expand the export of Bahraini goods and services, which today is eight per cent of the total exports, to reach 20pc by 2023,” added Mr Alzayani.

The start-ups in Bahrain have created high salary jobs.





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INDIAN (B)

Saudi Aramco eyes up to 25% in RIL biz

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While Saudi Aramco, which is also the world’s largest oil exporter, is known to have first shown interest in Reliance about four months ago, talks gathered momentum following the visit of Saudi crown prince Mohammed bin Salman to India in February, during which he met RIL chairman Mukesh Ambani.



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MIDDLE EASTERN (B)

Abu Dhabi's GDP Exceeds $253 Billion in 2018

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Abu Dhabi’s gross domestic product (GDP) at current prices increased by 14.4 per cent, from Dh813.6 billion ($221.5 billion) in 2017 to Dh931 billion ($253.5 billion) in 2018, according to Statistics Centre – Abu Dhabi (SCAD).

The rise in the GDP was driven by the increase of activity in the value added of ‘Mining and quarrying’ (including crude oil and natural gas) by 35.7 per cent in 2018 to Dh375.9 billion compared with 14.9 per cent or Dh277.1 billion in 2017, reported Emirates news agency Wam.

The total GDP increased from 34.1 per cent in 2017 to 40.4 per cent in 2018.





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INDIAN (B)

Planning trip to London? Cough up Rs 1.8 lakh

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Airfares to foreign cities that Jet operated have touched a record high. On Tuesday, the cheapest one-way economy ticket available from Mumbai to London, on April 22, was Rs 1.8 lakh. It’s for a 19-hour Air China flight. There are hardly any non-stop flights available to popular destinations like London and Amsterdam this week and on most days next week.



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MIDDLE EASTERN (B)

Real Estate Investors Return to Dubai as Prices Continue to Fall

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Real estate across Dubai is becoming more attractive for buyers, as sales volumes for both off-plan and ready-home properties picked up in the past six months, possibly due to downward price corrections in the market, a report has found.

The latest ValuStrat report on Dubai’s real estate market showed that off-plan sales recorded a strong 21.1 per cent year-on-year sales volume growth in the past six months, while ready-home sales volumes rose 8.5 per cent, as better deals were available on attractive payment plans.

The current real estate scene in Dubai is optimistic for prospective buyers.





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