Friday 19 September 2014
 
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EY

GCC takaful contribution to hit $8.9 billion this year

GCC's gross takaful contribution is estimated to reach around $8.9 billion in 2014 from an estimated $7.9 billion last year, according to a new report. Global Takaful Insights 2014, the latest report from EY, a multinational p

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Non-oil sector to drive UAE, Qatar GDP

While global rapid-growth markets (RGMs) will grow by over 4.5 per cent in 2015, in the UAE and Qatar, growth in the non-oil sector will be a significant driver of GDP, a report said. “With global oil production already high

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Mena IPOs raise $2.4bn in H1, up 14pc

The Mena IPO market recorded a total of 16 deals raising $2.4 billion in the first six months of the year, up 14 per cent for both volume and proceeds on the same period last year, said a report.

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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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Robust growth across GCC forecast

Economic growth remains robust across the Gulf Cooperation Council (GCC) states with Qatar’s economy being predicted to grow by 6 per cent, EY’s latest Rapid-Growth Markets (RGM) Forecast said. The report said Saudi Ar

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Mena tax authorities ‘work to improve tax compliance’

Tax authorities across the Mena region are implementing investment and taxpayer-friendly tax measures to promote a competitive, business-friendly environment to encourage tax compliance, according to specialists.  

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EY conference to discuss tax issues

Important tax developments and emerging tax issues related the Mena region will be discussed at a key conference in Dubai next month. Ernst & Young (EY) will host its Mena Tax Conference 2014 in Dubai on March 19. The confere

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Good year for Dubai hotels; 2,950 rooms added

Dubai added approximately 2,950 new branded hotel rooms during last year, including several major 5-star hotel openings, a report said. Dubai’s hospitality market has absorbed this influx of new supply well and the city&rsqu

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Islamic pension fund demand seen at $190bn

The pent up global demand for Islamic pension funds is currently between $160 billion and $190 billion, a report said, adding that most of these funds are parked under conventional sovereign pension funds due to lack of investing options.

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Natural gas demand set to soar

Natural gas is likely to grow in importance over the next few years, with the Middle East, China, Africa and India in particular set to record significant increases in demand. Demand for natural gas is expected to increase steadil

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