Saturday 28 May 2016
 
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growth

Bahrain to focus on five core sectors for growth

Bahrain's Economic Development Board (EDB) has identified five core sectors where it expects both growth and investments, EDB chief executive Khalid Al Rumaihi has said. The sectors include financial services, manufacturing, l

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Dubai to see 2.5m Saudi tourists by 2020

Ranked among the top destination choices for Saudi Arabian travellers, Dubai can expect to see tourist arrivals from the kingdom hit 2.5 million a year by 2020, said a report quoting an Emirati official. The UAE emirate recorded a

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Saudi Arabia tourist arrivals to jump 43pc by 2020

Saudi Arabia can expect to see a 43 per cent increase in the number of inbound tourist arrivals by 2020, according to new data which was revealed at the Vision Conference in Jeddah. According to the figures from MAS (Tourism Resea

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Abu Dhabi apartment rentals see moderate growth

Residential rents for apartments in Abu Dhabi have seen a moderate rental growth as supply and demand move towards equilibrium, said a report. Overall, capital values for completed apartments have remained broadly stable, driven b

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Turkish Airlines passenger numbers up 8.6pc

Turkish Airlines has reported an 8.6 per cent jump in passenger numbers during the first four months of the year, welcoming a total of 19.3 million between January and April. The flag carrier also said in a stock exchange filing t

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830 hotels 'under contract' in Mideast, Africa

A total of 541 hotels (152,580 rooms) are in the pipeline in the Middle East while 289 hotels (55,078 rooms) are under contract in Africa, a new report has unveiled. STR’s April 2016 Pipeline Report said 'under contract' i

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830 hotels 'under contract' in Mideast, Africa

A total of 541 hotels (152,580 rooms) are in the pipeline in the Middle East while 289 hotels (55,078 rooms) are under contract in Africa, a new report has unveiled. STR’s April 2016 Pipeline Report said 'under contract' i

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UAE growth 'will pick up in medium term'

Economic growth in the UAE is expected to moderate in 2016 amid low oil prices, but will pick up over the medium-term with expected improvements in oil prices and increased investment ahead of the World Expo2020 hosted in Dubai, an IMF expert ha

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Air Arabia Q1 net profit jumps 34pc

Air Arabia has reported a net profit of Dh114 million ($31 million) for the first three months of the year, up 34 per cent on the corresponding 2015 figure of Dh85 million ($23.1 million). In the same period, the airline posted a

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Offtec's net profit up 60pc in 2015

Offtec Holding Group (OHG), a leading provider of innovative business and technology solutions in the areas of banking and office technologies and furniture, IT and physical security, IT infrastructure, plastic card technologies and software sol

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