Tuesday 29 July 2014
 
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Opec sees oil market share shrinking in 2015

Opec expects its share of the world oil market to shrink in 2015 for a third year running, due in part to the US shale oil boom, giving the exporter group little comfort from an acceleration in global demand. Making its first 2015

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Nokia tops UAE mobile handsets market

Nokia enjoyed the largest market share claiming 51.5 per cent in the UAE mobile phone handsets market during the fourth quarter of 2013, a figure that has been declining over time according to a study by the Telecommunications Regulatory Authori

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Ahli United eyeing acquisitions across region

Bahrain-based Ahli United Bank (AUB) is looking for acquisitions in its existing markets and in new ones as it tries to build a network across the Middle East, its chief executive said. Its desire to expand across borders reflects

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Opec to lose ground in 2014 as rivals pump more

Opec's share of the world market will shrink in 2014 as rising supply of US shale oil gives the exporter group little comfort from the fastest growth in world demand in four years. The Organization of the Petroleum Exporting C

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Hyundai earthmoving market tops 60pc in Bahrain

Hyundai Heavy Industries has captured more than 60 per cent market share in excavator and wheel loader segment during 2012 in Bahrain. In recognition of this, Motorcity, the sole distributor of Hyundai in Bahrain, received the &ld

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Toyota GCC sales up 23pc in Q1

Toyota sold 158,223 units in the GCC in the first quarter of the year, marking a 23 per cent increase in sales as compared to the same period in 2012 as well as a 39.6 per cent market share. This first quarter growth in the GCC fo

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Deutsche Bank named top FX bank in Mideast

Deutsche Bank has been named the leading forex (FX) bank in the Middle East with 16.15 per cent of overall market share. This is attributed to the significant investment Deutsche Bank made in upgrading its pricing and distribution syste

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Dubai claims 29pc of global gold trade

Dubai now has about a 29 per cent market share of global gold trade with nearly 1,200 tonnes - worth about $41 billion - changing hands at the city's gold markets, according to the gold industry website bullionstreet.com. That

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BenQ claims 14pc of MEA market in Q1

BenQ, a leading digital projector maker, has won a market share of 14 per cent in Middle Eastern and Africa in the first quarter of the year, sealing a second ranking in the region, said a report. The company is also recognized as the lead

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Jazeera sees ME market share growth

Kuwait-based budget carrier Jazeera Airways said it had once again captured a leading market share on most of its routes including Alexandria, Amman, Assiut, Luxor and Sharm El Sheikh. The airline was also the leader in on-time performance

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