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UAE economic growth hits 4.4pc in 2012Economic growth in the UAE accelerated to 4.4 percent in inflation-adjusted terms in 2012 from a downwardly revised 3.9 percent the previous year as activity picked up across all sectors, its stat More… |
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Takaful poised for big growthThe global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an increasingly important component of the Sharia-compliant banking and finance system, said a report. South East Asia, particularly More… |
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Qatar Petroleum unit rebranded as AlwaseetaQatar Intermediate Industries Holding Company, a subsidiary of Qatar Petroleum (QP), has announced the launch of its new corporate identity "Alwaseeta" in line with the 'Qatar National Vision 2030.' The new name, More… |
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Egypt targets 2013/14 growth of 4.1pcEgypt's newly appointed Planning Minister Amr Darrag said on Wednesday that the government was targeting economic growth of 4.1 percent in the fiscal year that will begin on July 1. The government had previously been predictin More… |
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Bahrain's real estate sector on growth pathBahrain's real estate sector has experienced considerable growth in activity over the last few months, key industry representatives participating in the Gulf Property Show said. Calling the exhibition well-timed, representativ More… |
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Easier visa rules 'key to Dubai growth'Simplified visa processes and lower travel barriers will contribute to substantially increased global passenger traffic and will make Dubai an even more attractive destination for both leisure and business travelle More… |
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Strong hiring data eases US worriesUS employment rose more than expected in April and hiring was much stronger than previously thought in the prior two months, easing concerns belt-tightening in Washington was dealing a big blow to the economy. Nonfarm payrolls ros More… |
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DIB eyes double-digit profit growth, acquisitionsDubai Islamic Bank (DIB) said it has dealt with much of its balance sheet weakness and should see profits for 2013 grow in the high double digits, allowing it to eye acquisitions in new markets in Asia. Leaders at the world's More… |
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GCC to keep growing despite cheaper oil, says pollEconomic growth in Gulf economies is expected to slow through next year but should still be healthy as investment in the private sector offsets an expected drop in oil prices, a Reuters poll showed on Monday. More… |
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Kuwait March real estate sales hit $1.02bnThe real estate sales in Kuwait registered a solid 19 per cent year-on-year (y/y) growth in March to hit KD293 million ($1.02 billion) after two months of weak sales, said a report. The residential sales totaled KD149 million in M More… |
