Wednesday 22 October 2014
 
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ECB targets bundled-debt market to boost economy

The European Central Bank (ECB) laid out plans on to buy rebundled packets of debt within weeks to shore up the flagging euro zone economy and its president said the bank would do more if needed. It was, nonetheless, one of the la

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Lending to firms falls in euro zone

Lending to euro zone households and companies contracted for the 28th month in a row in August, though at a slower pace, putting a keener spotlight on European Central Bank (ECB) efforts to get credit flowing again. Euro zone bank

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Jafza to highlight facilities at automotive trade fair

Jebel Ali Free Zone (Jafza) is set to highlight advantages of using it as a base of operations for the Middle East and North Africa in a seminar at a top trade fair for the automotive aftermarket in Germany this week. The seminar

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Jafza to highlight Dubai as a gateway to Mideast

Jebel Ali Free Zone (Jafza) is set to highlight Dubai, UAE’s key position as a gateway to the Middle East in a seminar in Shanghai, China this week. The seminar titled ‘Jebel Ali Free Zone, Gateway to the Middle East a

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Arab Contractors in $180m Algerian industrial zone deal

The Arab Contractors, a leading construction firm in Egypt, is implementing three major industrial zones worth $180 million in Algeria, said a report. The cost includes utilities alongside other infrastructure works for the three

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Saudi to cut expat staff tenure in yellow-zone firms

Saudi Arabia’s Labour Ministry is set to reduce the stay of expat workers in yellow-zone firms under the Nitaqat nationalisation scheme from six to four years from October 25, said a report. The stay will be reduced further

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RAK free zone woos Spanish investors

Ras Al Khaimah Free Trade Zone hosted seminars recently for Spanish investors in Madrid, Bilbao and Barcelona highlighting oppotunities to expand thier companies into fast-growing global marketing by setting up b

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Brent steady under $109, set for 2nd weekly loss

Brent nudged higher to hover just under $109 a barrel on Friday, but was set to post a second straight weekly fall on easing Ukraine tensions and ample supply.   Optimism that monetary stimulus in the euro zone w

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Tecom Business Parks welcome 549 new partners

Tecom Business Parks, which comprises Tecom Investments’ nine free zones, welcomed 549 new business partners last year.   In addition to the growing number of new business partners, the knowledge workers op

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Swiss Tower opens in DMCC Free Zone

The Swiss Tower, the first “country branded” tower in the UAE, was officially opened yesterday (October 29) in the DMCC Free Zone. The construction of the 40-floor tower, with a total structural height of 167 metres, w

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