Wednesday 10 February 2016
 
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Savings

Dubai 'can help redesign Mideast airspace'

Dubai is prepared to help countries in the region with their air traffic navigation and redesign the airspace as part of its policy, a senior official has said. Speaking at the 2016 World Government Summit, Sheikh Ahmed bin Saeed

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Qatar Rail nets $3.6m in excavation savings

Qatar Rail has netted QR13 million ($3.6 million) in excavation savings from reuse of thousands of tonnes of demolition and excavation waste that has been generated from all its projects and the excavation of tunnels for its underground stations

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Al Salam launches new savings plan

Al Salam Bank Bahrain has launched a new investment savings scheme called Danat Al Salam, which will be available to customers of both Al Salam Bank and BMI Bank. A statement said the savings scheme was the result of a new retail product devel

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How to shore up finances in the new year

A recent study has pointed out that wage increases in the Middle East are going to be rather flat this year, due to the slump in the region’s economy brought about by the crash in oil prices. It further states that companies will continu

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GCC residents' insurance, savings penetration to rise in 2015

Insurance and savings penetration in the GCC is set to continue its rise next year due to developing regulations and increased awareness about the importance of financial security, according to leading insurance broker Nexus Group.

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GCC insurance industry to see 'business growth'

The rapidly developing GCC insurance and savings industry presents significant opportunities for business growth, according to finance experts. Speaking at the Nexus Group’s Annual General Meeting (AGM), Tarun Khanna, the fi

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UAE residents ‘tend to save outside the country’

Nearly half of UAE residents choose to save their money in bank accounts outside their country of residence, a report said. More than 48 per cent of respondents of an annual survey conducted by compareit4me.com, a UAE-based financ

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Bahrain's Takaud eyeing major Mena push

Bahrain-based Takaud, the Middle East and North Africa's (Mena) first specialist savings and pensions solutions provider, plans to have a presence across the region over the next seven years, said a top company official. "

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Ithmaar Bank eyes $35m annual savings

Ithmaar Bank, a Bahrain-based Islamic retail bank, said its board has initiated several cost reduction initiatives that are expected to result in savings in the range of $25-$35 million annually. The key measures aimed at turning the ba

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Saudi businesswomen have $26bn savings

Businesswomen in Saudi Arabia have retained SR100 billion ($26.6 billion) in savings, which is 75 per cent of the total bank savings across the kingdom, said a report. The share of the contracting sector owned by women stood at 14

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