Monday 14 July 2014
 
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growth

Saudi private sector expansion continues

The Saudi Arabian non-oil private sector continued expansion during June, with output growth quickening to a 26-month high, a report said. New business from abroad also improved, albeit at a slower pace than total new orders, said

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Dubai-Canada trade sees 61pc growth

Dubai’s foreign trade with Canada recorded a 61 per cent growth in the first quarter of the year valued at Dh2 billion ($544.3 million) as compared to Dh1.3 billion for the same period last year, said a top official.  

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UAE non-oil activity growth back to record high

Business activity growth in the UAE's non-oil private sector rebounded to near a record high in June, a purchasing managers' survey showed on Thursday, as output rose at the fastest pace in the history of the series. The H

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Egypt eyes 5.8pc economic growth

Egypt is targeting economic growth of between four and 5.8 per cent within the next three years while holding the budget deficit at 10 per cent of economic output, Finance Minister Hany Kadry Dimian told Reuters

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Qatar GDP growth rebounds to 6.2pc in Q1

Qatar's economic growth rebounded to 6.2 per cent on an annual basis in January-March after a slowdown in the final quarter of 2013 as a double-digit surge in construction activity helped offset a decline in hydrocarbons, data showed on Mond

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UAE tea industry poised for solid growth

The UAE’s tea industry is expected to draw in more growth, especially during Ramadan where demand and consumption for tea products are expected to rise, said experts. In 2013, the total traded volume of tea through Dubai inc

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Global investments to hit $1.62 trillion, up 12.5pc

The global foreign direct investment (FDI) will rise 12.5 per cent to $1.62 trillion this year as the economic recovery tempts China, private equity and big companies to spend their warchests, said a UN survey. The United Nations&

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UAE, Saudi enjoying economic growth momentum

The UAE and Saudi Arabia are witnessing solid growth momentum in terms of their economy for the current quarter when compared to other Mena countries, said a report. In the emirates, the Purchasing Managers Indices (PMI) headline

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Grohe sales hit $493m in Q1

Grohe Group, a leading provider of sanitary fittings, has reported a three per cent rise in consolidated sales to reach 364 million euros ($493.5 million) in the first quarter of the year, compared to the same period last year. &n

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Coca-Cola invests in Egypt; sees big sales growth

Coca-Cola Co expects to start production in five new factories in Egypt and Pakistan over the next 18 months, seeing double-digit percentage growth in sales for both markets this year, its Middle East and North Africa president told Reuters.

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