Friday 11 July 2014
 
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GCC

GCC insurance premiums surge to $18.4bn

The GCC insurance industry has tripled between 2006 and 2013, as insurance premiums grew from $6.4 billion to $18.4bn, according to Moody's Investors Service. Moody's said that increasing mandatory insurance covers have al

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Pluto Games seals GCC partnership deal

Pluto Games has signed a strategic partnership with Virgin Megastores, eXtra Stores in Saudi Arabia and Alghanim in Kuwait to enable gamers to top up their Steam Wallet balance using cash. It is the largest distributor of digital

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IDB's infrastructure fund eyes GCC links

A new infrastructure fund from the Islamic Development Bank aims to help Gulf-based companies expand in Asia and Africa, developing stronger economic ties among these regions. Jeddah-based IDB is keen to grow trade among its 56 me

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GCC fertiliser sector growth tops global average

The fertiliser industry in the Gulf region is growing twice as fast as the global industry average led by the increased investments from petrochemical producers, said a top official. GCC’s fertiliser production capacity reac

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Regulatory changes to boost GCC insurance sector

Regulatory measures that will enhance the credit profile of the region's insurance market and aid market stability and transparency, are being rolled out in the GCC region, said Moody Investors Service in its special comment published today.

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GCC education sector to see $150bn investments

The education sector in the GCC is expected to witness investments worth $150 billion over the next couple of years due to growing population, said a recent study by Alpen Capital, a leading investment bank with an extensive presence in the GCC

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ME vistors spent $2.7m at Brazil Fifa World Cup

The visitors from the Middle East who are in Barzil for the 2014 Fifa World Cup have spent more than $2.7 million since the tournament kicked off, said a report released by leading payments company Visa. The UAE ranks 30th in the

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GCC-EU free trade deal comes into affect

An agreement signed between GCC countries and the European Free Trade Association (EFTA) has taken effect from July 1. Bahrain Chamber of Commerce and Industry (BCCI) chairman Khalid Almoayed stressed the importance of the deal in

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Dutch firm unveils special ceiling for GCC

Dutch firm Hunter Douglas said it has launched a new ceiling that can safely handle the GCC’s harsh climate while promoting sustainable building design. Sustainable building is booming in the Middle East, and is set to grow

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Gulf banks start to muscle in on global bond deals

When the Kenyan government issued a debut $2 billion Eurobond last month, most of the lead arrangers were top Western and African banks. But there was a standout: Qatar's QNB Capital. After decades during which banks from the

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