Saturday 28 May 2016
 
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Aramco boosts market share as it prepares for listing: CEO

Saudi oil giant Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview, as it acts as a "bridge" to a future when the nation relies less on energy exports. Nas

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Opec panel sees improving oil market

Opec officials were more positive about oil market conditions at talks in Vienna ahead of next week's gathering of oil ministers, two sources said on Thursday, in a sign the exporter group is unlikely to change output policy on June 2.

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Hilton Europe GMs eye UAE tourist market

A delegation of Hilton general managers from Austria and Germany, alongside Jochem-Jan Sleiffer, vice president of Northern, Central & Eastern Europe, arrived in the Middle East this week, to meet with a number of Hilton’s high profile

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Laussane Tourism brands GCC as key market

Switzerland's Lausanne Tourism is boosting its efforts to attract more travellers from the GCC with exciting packages and plans to promote the city. Lausanne regards the GCC region as an important market, having recorded a 25

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Dubai tops in Mena prime office rental growth

Despite heightened financial market volatility and global economic uncertainty,  leading to a slightly more subdued picture for global office demand during the first quarter of 2016, supply shortages and limited new deliveries have kept the

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ATM 2016 attracts record 28,000 visitors

Arabian Travel Market (ATM) 2016 posted a 7 per cent year-on-year rise in visitor numbers with more than 28,000 trade visitors attending the show, which took place in Dubai last month. Leading with a topical mid-market theme, the

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Saudi firms cope with austerity; more pain may lie ahead

Saudi Arabian companies are faring better in an era of austerity than many investors feared, but they face more pain in the coming months as gains from cost-cutting and efforts to improve efficiency become more difficult. The worl

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Saudi stock market reforms by mid-2017

Saudi Arabia will implement by the middle of 2017 planned reforms to stimulate the stock market and open it wider to foreign investment, the Capital Market Authority (CMA) said on Thursday. "The amended rules will be publishe

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Saudi plans major stock market reforms

Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales of state assets as the kingdom grapples with damage to its finances caused by low oil prices.

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Dubai a world leader in Q1 ADR

Dubai recorded 2016’s highest first-quarter average daily rate (ADR) among major markets around the world, marking the 12th consecutive year that the emirate has led this group of markets in Q1 ADR, said a report. Even with

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