Monday 30 May 2016
 
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Bahrain Bourse creates REITs market

Bahrain Bourse has issued a resolution in respect of the creation of the real estate investment trusts (REITs) market and adding it to its markets.   Yusuf Abdullah Humood, chairman, said that in this market, REI

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VW creates US diesel emissions claims programme

Volkswagen of America said it is creating an independent claims program for the owners of nearly 600,000 diesel vehicles that emit up to 40 times legally allowable emissions.   The German automaker said it was na

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ME needs to create 100m jobs: expert

The Middle East needs to create more than 100 million jobs by 2020, a leading expert has said. Barclays Bank head of research, Middle East and North Africa region Dr Alia Moubayed said youth unemployment in the region is four-fold higher than

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ME needs to create 100m jobs: expert

The Middle East needs to create more than 100 million jobs by 2020, a leading expert has said. Barclays Bank head of research, Middle East and North Africa region Dr Alia Moubayed said youth unemployment in the region is four-fold higher than

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Mubadala forms JV with Trafigura to invest in base metals

Mubadala Development Company, an Abu Dhabi-based investment and development company, and Trafigura Group, a leader in the global commodities industry, have created a 50/50 joint-venture company to invest in the base metals mining sector.

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Saudi creates new supreme council for Aramco

Saudi Arabia has created a new 10-member supreme council for state-run oil company Saudi Aramco , headed by the kingdom's deputy crown prince, according to a statement on Aramco's website. "The council is chaired by H

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200 catering jobs to be created for Bahrain F1

More than 200 temporary catering jobs are set to be created by this year's Bahrain Grand Prix. Teams of young local professionals will be recruited as support staff for the F1 weekend, which will take place between April 17 an

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Saudi minister says no need for sovereign wealth fund

Saudi Arabia's Finance Minister said there was no need for the kingdom to create a sovereign wealth fund to manage its oil wealth, rebuffing suggestions by prominent officials and businessmen. At present, the surplus petrodoll

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Art Dubai Projects commissions artists to create works

Art Dubai Projects has commissioned artists to create new, site-specific works, to be exhibited at a fair, as part of an expansive not-for-profit programme in the emirate. The artists selected for the 2015 programme, which will ru

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Jobs boost by Abu Dhabi industries

Abu Dhabi’s Industrial Development Bureau (IDB) has aimed to create job growth of eight to nine per cent in the emirates industrial sector by 2020, said a report. The bureau also seeks to increase skilled staff by the same r

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