Saturday 21 July 2018
 
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economy

Etihad expands range of 'buy on board' products

Etihad Airways has introduced additional food and beverage items to its recently launched menu of Buy on Board products to provide more choice for guests in Economy Class and further enhance their travel experience. New snack opti

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IMF welcomes Bahrain reforms; urges deficit cuts

International Monetary Fund (IMF) directors have welcomed Bahrain authorities’ commitment to continue subsidy reforms, cut non-productive spending, and raise non-oil revenues by introducing a value-added tax by 2019.  &

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Saudi Arabia’s GDP expands in Q1: report

Saudi Arabian economy has started to recover in the first quarter (Q1) of 2018 after contracting for four consecutive quarters, backed by the rise in non-oil sector, led by the manufacturing and government and financial services, said a report.

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UAE leads Arab world in Global Innovation Index

The UAE remained in good standing at this year’s edition of the Global Innovation Index (GII) as it ranked number one in the Arab World and ranked 38th globally and 24th in the innovation input pillar, a media report said. I

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China offers $20bn loans to Arab states

Chinese President Xi Jinping has announced that his country will provide Arab states with $20 billion in loans for economic development.   He was delivering a speech at the opening ceremony of the eighth minister

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Iraq needs $30bn investment for economy growth: study

Iraq offers unlimited investment opportunities oil and gas sector as well as non-oil industries and requires over $30 billion of foreign direct investment (FDI) per annum, said growth partnership firm Frost & Sullivan in a new report.

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Saudi economy recovers in Q1

Saudi Arabia’s gross domestic product (GDP), adjusted for inflation, grew 1.2 percent from a year earlier in the first three months of 2018, a report said.   The kingdom's economy began to recover in th

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Global economy growing strong: OECD

The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and supported by very accommodative monetary policy and fiscal easing, according to the Organisation for Economic Co-

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Global economy growing strong: OECD

The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and supported by very accommodative monetary policy and fiscal easing, according to the Organisation for Economic Co-

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AI to add billions to UAE, Saudi economies

Artificial intelligence (AI) has the potential to boost growth in the UAE and Saudi Arabia and add $182 billion and $215 billion, respectively, to the national economies of the two countries by 2035, according to a recent report by Accenture.

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