Tuesday 30 May 2017
 
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growth

Infrastructure investment helps spur Bahrain economy

The implementation of unprecedented levels of infrastructure investment in Bahrain has helped boost the growth of the kingdom's non-oil sector, an Economic Development Board (EDB) report said.  In particular, the GCC Developmen

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Non-oil sector boosts Bahrain growth

Bahrain's non-oil sector's growth of 3.7 per cent helped to fuel overall economic growth of the kingdom, which expanded by 3 per cent in 2016, according to new figures published in the Economic Development Board (EDB). Thi

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UAE tile market set for growth amid Expo 2020 boom

The UAE's tile market is poised for solid growth mainly driven by the construction activities linked to the Dubai Expo 2020, said an industry expert, citing a report. In the UAE, demand for tiles is predicted to grow by 12 per

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Aerospace sector flies high on surging jet deliveries

Accelerating deliveries of large commercial airplanes, such as Airbus' A320 and A350 and Boeing's B737, combined with some recovery in global defence spending will drive steady profit growth and underpin the positive outlook for the glob

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Over 15,000 hotel rooms to open in Makkah

The holy city of Makkah is leading hotel development in Saudi Arabia with 15,546 hotel keys expected to enter between 2017 and 2019, primarily represented by five- and four-star properties, a new report said. According to the Colliers I

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RAK Ceramics posts solid Q1 sales growth

UAE-based RAK Ceramics, one of the largest ceramics brands in the world, has registered solid growth in the first quarter of 2017 with its total revenues surging by four per cent to Dh681.1 million ($185 million). Announcing its r

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RAK Ceramics posts solid Q1 sales growth

UAE-based RAK Ceramics, one of the largest ceramics brands in the world, has registered solid growth in the first quarter of 2017 with its total revenues surging by four per cent to Dh681.1 million ($185 million). Announcing its r

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ME carriers see slowdown in air travel demand

Middle East carriers’ international traffic growth slowed to 4.9 per cent in March compared to a year ago, which was a considerable slowing from January and February year-over-year demand growth. This is related more to deve

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Luxury weddings a 'key segment of tourism sector'

Seemingly unaffected by the precarious economic times that have organizations witnessing a decline in consumer spending, the wedding industry continues to grow expeditiously with couples splurging on overseas weddings like never before.

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Mideast growth to stay at 2.6pc says IMF

The Middle East, North Africa, Afghanistan and Pakistan (MENAP) region’s economic growth is expected to remain at 2.6 per cent for 2017, rising to 3.4 per cent in 2018, compared to estimated global growth of 3.5 per cent and 3.6 per cent,

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