Saturday 10 December 2016
 
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Gulf region

Majority of GCC businesses see big growth in 2016

While 65 per cent of businesses in the Gulf are forecasting revenue growth of five per cent or higher in 2016, a third of those are particularly bullish with forecasts of 15 per cent growth despite the drop in oil prices and global economic unce

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Bahrain 'to be Gulf's cultural pearl'

Bahrain Crown Prince and Deputy Supreme Commander His Royal Highness Prince Salman bin Hamad Al Khalifa last night paid tribute to Bahrain's rich heritage and the spirit of hoping to become the cultural pearl of the Gulf. HRH&nbs

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Avec acquires key solar patent rights

US-based Avec Corporation said it has acquired the marketing rights to solar industry patents that complement its portfolio and now completes the ability to 'turn key' its products in the heart of the global solar belt centered in the GCC

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Gulf witnesses increased Sukuk activity

With economic activity once again on the rise in the GCC economies, more and more investments and fund-raising are being done through sukuk (Islamic bond) issuance, according to experts at a key banking summit in Bahrain. The Isl

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Gulf witnesses increased Sukuk activity

With economic activity once again on the rise in the GCC economies, more and more investments and fund-raising are being done through sukuk (Islamic bond) issuance, according to experts at a key banking summit in Bahrain. The Isl

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Al Rawabi unveils $200m expansion plan

Al Rawabi Dairy Company, a leading producer of dairy products and fresh juices in the Gulf region, plans to invest $200 million as part of its ongoing expansion plans, said its top official. The dairy company, which currently serves Dubai,

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Call to tackle water scarcity in Gulf region

Bahrain and its neighbours must take significant action to tackle the problem of water scarcity, says a top environment expert. It should be a top priority for the region, but countries are only focussing on supply and not conservation, wa

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Bahrain tops region in FDI

Bahrain tops the GCC and much of the world in terms of foreign direct investment (FDI) into its economy, said a global report launched by the UN Conference on Trade and Development (UNCTAD). The Kingdom ranks 23rd out of 141 economies in t

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Workers 'key to growth'

Solving labour issues will help the Arab world fight off the global financial crisis, it was announced. The importance of tackling issues such as protecting workers' rights and organising the labour market could be crucial for future g

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Gulf region to stay with dollar for oil

Gulf oil exporters will stay with the dollar as the currency for trading crude, a source in the United Arab Emirates central bank said on Tuesday. 'They are going to stay with the dollar,' the source told Reuters, asking not to be

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