Wednesday 5 August 2015
 
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Diversification

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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Qatar GDP on robust track over heavy diversification

Qatar’s real GDP growth will accelerate to 7 per cent in 2015, 7.5 per cent in 2016 and 7.9 per cent in 2017 as the government continues investing heavily in the non-hydrocarbon sector despite lower oil prices, a report said.

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Opportunities in Saudi’s economic diversification in focus

The need for greater economic diversification in Saudi Arabia and the opportunities that diversification will create for local and international banks will be reviewed at an upcoming Euromoney conference in the kingdom. The Euromo

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Diversification to drive UAE economic growth

The diversification policy of the UAE constitutes an important pillar of the economic performance as it reduces the dependence on oil and supports the real sector, said an industry expert, projecting a 5 per cent economic growth in 2014.

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