Thursday 3 September 2015
 
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Diversification

UAE growth seen at 3.9pc this year

The UAE’s gross domestic product (GDP) growth in 2015 is expected to reach 3.9 per cent thanks to more established diversification efforts, while many Middle East states will see lower growth caused by the plunging oil price, according to

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Non-oil diversification ‘crucial for Mideast’

The growing importance of non-oil diversification for Middle East economies has been highlighted by a regional consultancy as the Indian economy continues to strengthen. The tender cost update for the Middle East and Indian markets by Mace Cos

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Non-oil diversification ‘crucial for Mideast’

The growing importance of non-oil diversification for Middle East economies has been highlighted by a regional consultancy as the Indian economy continues to strengthen. The tender cost update for the Middle East and Indian markets by Mace Cos

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Tasweek eyes diversification into new markets

Dubai-based Tasweek Real Estate Development and Marketing has announced plans to pursue growth prospects in promising segments such as smart technologies for food and beverages (F&B), entertainment and sports. The announcement

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Bahrain ‘must step up diversification efforts’

While Bahrain has taken promising measures to diversify its economy, the continued oil price slump means more work will need to be done in order for the Kingdom to achieve fiscal, environmental and resource sustainability, a report said.

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Oman keeps investing in diversification

Oman's government has responded to low oil prices by cutting spending on defence and subsidies while continuing to invest in diversifying the economy, official figures showed on Tuesday. The plunge of crude prices since last y

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Saudi Electricity eyes investment options to diversify

Saudi Electricity Co (SEC), the Gulf's largest utility firm, is looking for investment opportunities to offset financial pressures on its core electricity business, its chief executive said. "Because we are squeezed and a

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GCC economic diversification to drive growth

Economic diversification is a crucial growth driver for the GCC countries. The GCC could see additional gains of up to $17.7 billion if the region were to catch up to the average OECD level of diversification, said a report in the

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Ownership curbs top obstacle for GCC family firms

Ownership restrictions, corporate governance limitations and a lack of geographical or cash flow diversification are among the most common credit risk challenges when rating GCC-based family-owned companies, a report said. These f

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Ownership curbs top obstacle for GCC family firms

Ownership restrictions, corporate governance limitations and a lack of geographical or cash flow diversification are among the most common credit risk challenges when rating GCC-based family-owned companies, a report said. These f

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