Friday 11 July 2014
 
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Saudi CCTV market to grow 23pc

Saudi Arabia’s CCTV systems market is set to grow at 23 per cent in the period leading up to 2019, according to a recent report.   The ‘Saudi Arabia CCTV Market Forecast & Opportunities, 2019,&rsq

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Investors wipe out $1.4bn off Erste's market value

Investors wiped more than one billion euros ($1.4 billion) off Erste Group's market value and took evasive action against rivals yesterday on concerns the bank's warnings about Hungary and Romania could echo across the sector.

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Political risk evident everywhere except the markets

"Geopolitical risk" turns out to have surprisingly little impact on the valuation of oil and most financial assets. Since the beginning of 2011, revolutions and counter-revolutions have rocked the Arab world, sanctions h

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UAE stock market surges on Arabtec hopes

Dubai builder Arabtec's shares soared on Wednesday (July 2) ahead of the company's first news conference since last month's management reshuffle, helping markets in the UAE rally strongly for a second

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Bahrain plans new project to support job-seekers

Bahrain has drawn up plans to ensure labour market stability in the medium and long-term.   Labour Minister and Supreme Council for Vocational Training chairman Jameel Humaidan said part of the plans pertains to

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Bahrain firm to market hitech security systems

Bahrain's MHS Technologies and UK-based Proline have signed an agreement with MacroScope, a leading Russian company, to market its hitech security systems in the kingdom. These hi-tech products are in the range of $50 to more

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Profit-taking over Iraq; Arabtec plunges again

Most markets in the Gulf continued to decline on Monday because of the conflict in Iraq, while volatile Dubai led losses as construction firm Arabtec remained in freefall. Apart from a handful of firms with major exposure to Iraq,

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EU developer Preatoni enters UAE market

Preatoni, a leading European property developer, has announced its UAE foray with the acquisition of a 100 per cent stake in Dubai Star Tower, which is under construction at Jumeirah Lake Towers (JLT). The company had recently lau

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Opec sees oil market balanced for rest of the year

Oil markets should be balanced during the second half of this year with extra production sufficient to meet growing demand, Opec said on Thursday, suggesting oil prices may be fairly stable despite worries over lost supply.  

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Dubai slides further as Arabtec tumbles

Dubai's market declined for a fourth straight day on Wednesday as Arabtec tumbled and the bourse said a major shareholder had reduced its stake in the construction firm. The slide underlined how the Dubai bourse has become dom

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