Tuesday 25 April 2017
 
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growth

Mena region set for 2.6pc economic growth in 2017

Plagued by war, violence, and low oil prices, economies in the Middle East and North Africa (Mena) region will see growth of 2.6 per cent in 2017, down from 3.5 per cent in 2016, according to the World Bank’s semi-annual Mena Economic Moni

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UAE ranked top economy for tourism in Mena

The UAE has been named the most competitive economy for travel and tourism in the Middle East and North Africa, according to a new report from the World Economic Forum (WEF). The UAE, which welcomed 14.4 million international visi

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Sustaining growth in less supportive environment

It is quite likely you are reading this on a smartphone or tablet assembled in an emerging market economy. The beverage beside you could well be tea grown in Sri Lanka or Kenya. And there is a chance that you are —or soon will be—on

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7.7m passengers fly with Oman Air in 2016

Flag carrier Oman Air carried over 7.7 million passengers in 2016, a 21 per cent increase compared to the 6.4 million passengers recorded in 2015. This was highlighted in an annual report released by Oman Air, reflecting the accom

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ME carriers record strongest air travel demand growth

Middle East carriers posted the strongest international passenger traffic growth across all regions, with a 9.5 per cent demand increase in February compared to a year ago. According to a figures released by The International Air

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UAE airports forecast 6.3pc passenger growth in 2017

Despite sluggish global economic growth, low oil prices, ‘Trumponomics’ and Brexit, the UAE will lead Middle East passenger growth in 2017 with an annual increase of more than 6.3 per cent, according to estimates from the Internation

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Kuwait working on $234bn construction projects

With $234.4 billion worth of active construction projects and $34 billion worth of developments in the concept or design phase, the construction sector in Kuwait is poised for solid growth this year despite low oil prices, said a report.

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Kuwait working on $234bn construction projects

With $234.4 billion worth of active construction projects and $34 billion worth of developments in the concept or design phase, the construction sector in Kuwait is poised for solid growth this year despite low oil prices, said a report.

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New industrial revolution 'helps sustainable growth'

The arrival of the new industrial revolution - or Industry 4.0 - promises considerable opportunities for inclusive and sustainable development for both manufacturers and governments, according to a new report. The report, titled &

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Mubadala 2016 profit grows twofold to $898m

Mubadala, the Abu Dhabi-based investment and development company, said its net profit for 2016 more than doubled to Dh3.3 billion ($898 million) from Dh1.2 billion ($326 million) the previous year, mainly driven by revenue growth from its divers

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