Saturday 2 July 2016
 
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growth

Saudi jeweller L'azurde unveils big Mena expansion plan

Saudi Arabia's L'azurde Company for Jewellery, which surged on its trading debut in Riyadh on Wednesday, plans to open 30 shops, almost double the number of its outlets across the Middle East and North Africa (Mena) by 2018, said its top

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Kuwait residential market posts solid growth in May

The activity in the residential market in Kuwait picked up in May following a lull during the previous month with the sector netting a sales of KD112.8 million ($373 million), up 88 per cent over April sales, said a report. A tota

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Saudi non-oil GDP growth to slow to 2.8pc

Growth in Saudi Arabia's non-oil gross domestic product is expected to slow to 2.8 per cent this year from 3.4 per cent in 2015, Saudi central bank governor Ahmed Al Kholifey told state television station Ekhbariya. Kholifey,

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Saudi non-oil GDP growth to slow to 2.8pc

Growth in Saudi Arabia's non-oil gross domestic product is expected to slow to 2.8 per cent this year from 3.4 per cent in 2015, Saudi central bank governor Ahmed Al Kholifey told state television station Ekhbariya. Kholifey,

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ME hotel revenues down in May, Africa results mixed

The Middle East region's hotels reported negative results in key performance metrics in May, while Africa reported mixed results in the three key performance metrics of occupancy, average daily rate (ADR) and revenue per available room (RevP

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Portacool eyes solid growth as region simmers

Portacool, a US-based manufacturing leader in the portable evaporative cooling industry, is forecasting double digit sales growth in the GCC this year with summer temperatures reaching as high as 50 deg C. The company said there h

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Iran’s tyre market to grow at 12pc

Iran’s tyre market is expected to grow at a compound annual growth rate (CAGR) of over 12 per cent over the next five years, according to a new report from TechSci Research, a research-based global management consulting firm.

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UAE apartment rentals see marginal growth

The real estate market of UAE sailed stably in May and despite some fluctuations, it managed to post positive figures overall, according to a report. Apartment rents in the two main emirates, Dubai and Abu Dhabi, exhibited margina

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Bank ABC to expand network; senior executives appointed

Bahrain-based Bank ABC has recently hired a number of senior bankers with extensive regional and international expertise in support of its growth plans and its strategic objective to become Mena’s leading international bank.

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DP World eyes better growth prospects in Kazakhstan

Dubai-based ports operator DP World held discussions with Kazakhstan government officials on ways to boost long term growth prospects for New Silk Road and also explored possibilities for setting up joint ventures with Kazakh companies.

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