Sunday 26 March 2017
 
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UAE’s foreign trade of creative industries at $30.7bn

The total value of the foreign trade of creative industries in the UAE was recorded at $30.7 billion in 2015, reflecting a seven per cent increase in its non-oil trade activities, according to a recent study. The global export of

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UAE unveils new five-year foreign aid strategy

The UAE’s Ministry of Foreign Affairs and International Co-operation has launched a five-year foreign aid strategy which will focus on women’s empowerment and protection, transport and urban infrastructure, and technical co-operation

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Iran sees $4bn foreign investment in industries

Iran is expecting foreign direct investment of around $4.1 billion in the 124 industrial projects which have been approved since the 11th government took office in August 2013, said a report. The projects are in the fields of auto

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London to launch inquiry into foreign property ownership

London's mayor Sadiq Khan will launch an inquiry into foreign ownership of property in the British capital which has helped push up housing costs, the Guardian newspaper cited him as saying on Thursday. "It's

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Brazil says foreign tourism met half-million forecast for games

At least 500,000 foreign visitors arrived in Brazil to attend the Olympics in Rio de Janeiro, the government said on Friday, citing recent immigration figures that met a forecast made well before the games. According to data compi

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Egypt's solar power upset clouds outlook for investors

When Egypt announced plans to develop renewable power in 2014, investors piled in, drawn by year-round sunshine and chronic electricity shortages. Two years on, many projects have stalled, hitting confidence among foreign investors Egypt sorely

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Saudi Arabia approves 100pc foreign retail ownership

In a major move, Saudi Arabia's cabinet has given approval to a rule allowing foreign investors to own 100 per cent of the retail and wholesale businesses in the kingdom, the official SPA news agency said. The cabinet had earl

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Saudi tourists spend $7.4bn abroad annually

Saudi Arabian tourists are among the highest spenders while travelling, registering more than SR30 billion ($7.4 billion) annually, with 72 countries offering the kingdom's citizens the option to travel visa-free, said a report.

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Saudi Arabia central bank net foreign assets fall $6bn

Saudi Arabia's central bank, which serves as the kingdom's sovereign wealth fund, reported a fall of $6 billion in net foreign assets in March as low oil prices took their toll. Net foreign assets held by the central bank

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Abu Dhabi non-oil foreign trade hits $46bn, up 11pc

The non-oil foreign trade volume through various customs ports in Abu Dhabi last year hit Dh169.11 billion ($46.04 billion), a 11 per cent increase as compared to the total volume in 2014.   The volume of imports

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