Thursday 28 May 2015
 
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economy

Etihad delivers $2.9bn to US economy, supports 23,400 jobs

Etihad Airways, the national airline of the UAE, will contribute $2.9 billion to the US economy and support 23,400 American jobs this year, a new research by the global consultancy Oxford Economics revealed. The study, commissione

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Financing and investing in green economy projects in focus

The financing and investing in green economy projects was the focus of the sixth Green Economy Annual Conference, which was held today (May 25) in Dubai. The conference, under the title ‘National Roundtable on Financing and

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China economy loses more steam in April

China's investment growth rate sank to its lowest in nearly 15 years as April data showed the world's second-largest economy was still losing momentum despite a concentrated burst of policy easing measures this year. China

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China economy loses more steam in April

China's investment growth rate sank to its lowest in nearly 15 years as April data showed the world's second-largest economy was still losing momentum despite a concentrated burst of policy easing measures this year. China

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US jobless rate drops to 7-year low

US job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 per cent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year.

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Saudi non-oil business growth slows

Growth in Saudi Arabia's non-oil private sector slowed to a three-month low in April as the effects of a one-off injection of government cash into the economy faded, a survey of businesses showed on Tuesday. However, business

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Savola tops MEA in consumer product sales

Savola, a multinational food group based in Saudi Arabia, recorded the biggest consumer product sales in the Middle East-Africa (MEA) region during the fiscal year ending June 2014, a report said. While Savola claimed the 111th ra

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Top 250 consumer products firms log $3trn sales

The world’s 250 largest consumer products companies generated sales of nearly $3.1 trillion in fiscal year ending June 2014, despite economic uncertainty, a report said. This resulted in an average company size of $12.3 bill

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New initiatives to boost Dubai’s Islamic economy status

A series of initiatives proposed by the board of Dubai Islamic Economy Develop Center (DIEDC) recently to boost Dubai’s status as the global capital of the Islamic economy, were approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum,

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Iranian banks to cut rates after inflation plunge

Iranian banks agreed on Saturday to cut deposit and lending rates, the head of Iran's largest commercial bank said, after a sharp fall of inflation gave policymakers more room to pursue faster economic growth. "The direct

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