Thursday 25 December 2014
 
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UAE’s non-oil sector records marked business improvement

The UAE’s non-oil private sector economy has continued to record a marked improvement in business conditions mid-way through the final quarter of the year, according to SABB/HSBC survey data. The SABB/HSBC Emerging Markets I

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AUB named ‘Private Bank of the Year - Bahrain’

Bahrain-based Ahli United Bank (AUB) has been recognised as the "Private Bank of the Year - Bahrain" at the Global Private Banking Awards 2014. The awards are a joint initiative by The Banker and Professional Wealth Mana

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Greater private sector role in power generation urged

The UAE’s utilities authorities have called for greater private sector role in power generation as the country explores ways to meet its growing power requirements. Dr Matar Al Neyadi, undersecretary at the UAE Ministry of E

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DHA unveils price regulation model for health services

The Dubai Health Authority(DHA) has unveiled the price regulation model for health services in the private sector that will be applicable from next year. Essa Al Maidoor, director-general of DHA, said: “This model essentiall

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Saudi non-oil sector posts big growth; UAE slumps

Non-oil private business activity in Saudi Arabia grew at the fastest pace in over three years last month, buoyed by strong expansions in new orders and employment, while the UAE’s business activity growth in the non-oil segment  fell

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Falcon Private Bank appoints new head

Falcon Private Bank, a leading Swiss private bank specialised in asset management for high net worth private clients and families, has appointed Erich Pfister as the new global head private banking, which will be effective from January next year

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1.5m Saudis employed in private sector

About 1.5 million Saudi Arabian nationals were employed in the private sector last year, a rise of more than 332,000 compared to the previous year, said a report. The kingdom’s Ministry of Labor pointed out that the increase

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UAE, Egypt top private equity investments in Mena

The UAE and Egypt led the number of investments in the Mena region last year with 20 per cent each, followed by Lebanon with 18 per cent, according to a recent report.   The ‘Mena Private Equity and Venture

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Private sector to 'boost opportunities for power deals'

The increasing role of the private sector in both power generation and water could boost opportunities for large-scale transactions in Mena in the future, according to an EY report.   The leading professional ser

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Bahrain hospital blames unpaid bills in wages row

A private hospital in Bahrain has blamed non-payment of medical bills by patients for delays in paying its own staff.   The cash crunch at the International Hospital of Bahrain (IHB) has resulted in 23 doctors an

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