Monday 19 February 2018
 
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Saudi industrial boilers market eyes 5pc revenue growth

Saudi Arabia's industrial boilers market revenues are projected to grow at a CAGR (compound annual growth rate) of 5 per cent over the next six years, said a report.   The rapid industrialisation as well as i

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RAK Properties 2017 net profit surges 10pc

Leading property development firm RAK Properties said its net profit for the full fiscal year of 2017  surged 10 per cent to Dh192 million ($52.2 million) compared to Dh175 million the previous year. Announcing its financial

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Nezo unveils new brand identity, growth plans

Nezo, a leading retail salt brand of AkzoNobel Specialty Chemicals, has unveiled a new brand identity and further plans for growth in the Middle East. Nezo is sourced in Netherlands and Denmark from underground deposits created mi

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Emaar profits hit $1.8bn in 2017

Dubai-based Emaar Properties made $1.8 billion in profit and close to $5 billion in sales in 2017, Mohamed Alabbar, chairman of the listed developer said.   The figure is an increase on the $1.43 billion profits

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UAE-India route to be among top travel segments by 2036

India is set to become one of the world's three fastest growing air transport markets by 2036, and flights between India and the UAE will make the country pair the fastest growing travel segment in the industry, a report revealed.

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Gulf Stevedoring posts strong growth at Jubail terminal

Gulf Stevedoring (GSCCO), part of the Gulftainer group of companies, has recorded a strong performance at the Jubail Container Terminal (JCT) in Saudi Arabia, registering a container volume of over 680,000 twenty-foot equivalent units (TEUs) in

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Occupancy uplift drives profit growth for MEA hotels

An uplift in room occupancy levels helped drive growth in revenue and profit for hotels in the Middle East and Africa in December, and marked a positive end to a year of mixed results for the region, according to the latest worldwide poll of ful

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Copthorne Hotel Dubai sees robust growth in Mice market

Copthorne Hotel Dubai, a popular hotel located in Port Saeed in Deira, remains among the top choices for meetings, incentives, conferences and exhibitions (Mice) as the hotel witnessed a 12 per cent growth in Mice bookings in 2017.

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VistaJet posts 50pc growth in ME customer numbers

VistaJet, a leading global aviation company, performed strongly in the Middle East in 2017 with the number of new program customers growing by 50 per cent year-on-year. The company recorded a particularly robust performance in the

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Bahrain non-oil growth to stay strong in 2018-19: report

Bahrain's non-oil growth will remain resilient in 2018 and 2019, with GCC investments keeping infrastructure spending levels elevated. This will help offset oil sector weakness and keep overall growth close to a reasonable 3 per cent, a re

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