Friday 19 January 2018
 
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economy

Ajman Free Zone focuses on new economy, global expansion

Ajman Free Zone (AFZ) has revealed that a persistent focus in attracting new economy entrepreneurs spanning e-commerce and services across a global landscape resulted in robust inflow of investments into the free zone in 2017, significantly supp

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Fourth Industrial Revolution can add $266bn to Saudi economy'

The Fourth Industrial Revolution offers the opportunity to add more than SR1 trillion ($266.68 billion) to the Saudi economy, according to an analysis released by AT Kearney at a recent summit. AT Kearney, a leading global strateg

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Chemical industry contributes $43bn to GCC economy

The GCC chemical industry contributed around $43.8 billion to the GCC economy in 2016, equal to almost one third of manufacturing value added and 29 per cent of manufacturing revenue, according to a recent report. The data release

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GCC construction projects value tops $2.4 trillion

The combined value of the 22,680 active construction projects across the GCC has exceeded Dh8.91 trillion ($2.43 trillion) in November, according to latest GCC Construction Analytics report issued by BNC Network, a key project research and intel

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Project spending to support Bahrain’s non-oil growth

Bahrain’s non-oil growth will be steady at three to four per cent per year thanks to elevated investment spending, particularly benefitting the construction sector, said the National Bank of Kuwait (NBK) in its latest Economic Update.

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Saudi economic activity picking up: Al Rajhi

Rising banking sector profits and increase in POS transactions along with a rise in non-oil exports indicate economic activity in Saudi Arabia is picking up, a report said. However, private sector credit declined in September whil

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Mena growth to top 3pc in next two years: World Bank

Despite a growth slowdown in 2017 at 2.1 percent, economic prospects in the Middle East and North Africa (Mena) region is projected to improve in 2018 and 2019 with growth exceeding 3 percent, according to the new World Bank report.

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Mena IPOs raise $788m in first six months

Activity in initial public offerings (IPOs) across the Middle East and North Africa (Mena) region witnessed a 100 per cent increase in the first half registering 16 deals, thanks to the stable fuel prices and confidence boost in global economy

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Mena IPOs raise $788m in first six months

Activity in initial public offerings (IPOs) across the Middle East and North Africa (Mena) region witnessed a 100 per cent increase in the first half registering 16 deals, thanks to the stable fuel prices and confidence boost in global economy

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Global economic growth to forecast to hit 3.5pc

The global economy started 2017 strong with real GDP growth gaining momentum and rising to 3.6 per cent in Q1 2017 and  the previous uncertainty surrounding the global growth forecast receded since May 2017, says a Euromonitor Internation

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