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Sri Lanka to ease foreign ownership restrictionsSri Lanka will allow foreigners full ownership of businesses if they invest more than $10 million, a minister said, and the measure will likely be introduced within two months. The proposed change comes as the $59 billion economy More… |
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Lower Mena corporate tax 'will draw more FDI'Lowering of corporate tax rates by Mena governments will increase the flow of foreign direct investment (FDI) into the region, according to experts. However, as a consequence of lower tax collec More… |
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Non-oil sector to play key role in Saudi GDPSaudi Arabia’s GDP is likely to grow three per cent in real terms driven by a vigorous non-oil sector which will compensate for the decline in oil output in 2013, a report said. Growth in the non-oil sector will remain above More… |
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Bahrain's growth 'to top 5pc in 2012'Bahrain's economy is in good health with growth expected to exceed 5 per cent this year, said a top government official. Growth is estimated to have reached 3.9 per cent last year, added Economic Development Board (EDB) acting More… |
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Qatar Airways 'may buy stake in India's SpiceJet'India's low-cost carrier (LCC) SpiceJet is in talks with some foreign airlines to sell a stake in the company and Qatar Airways is the most likely investor, said a report. A deal could mater More… |
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Abu Dhabi to host top Moroccan property expoAbu Dhabi will host next month a leading global Moroccan real estate and lifestyle event, making its first appearance in the Middle East having already established a strong presence in Europe for the last 16 years. SMAP Expo Abu D More… |
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India central bank holds key ratesThe Reserve Bank of India (RBI) has kept interest rates on hold ignoring government pressure to reduce borrowing costs, but said it was shifting its focus towards boosting a flagging economy, raising the odds of a rate cut as early as January. More… |
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Mideast intra-regional investments on the riseMiddle East has long been the ideal foreign direct investment (FDI) hub for investors from Western Europe and North America. But with global crisis causing a slowdown in most developed countries, the FDI scene is slowly shifting to the int More… |
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Indian cenbank leaves key rates unchangedIndia's central bank has left interest rates unchanged but cut the cash reserve ratio for banks, disappointing market hopes that it would follow up the government's unexpected bold reform measures by reducing borrowing costs. More… |
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Bahrain FDI rebounds to $781m in 2011Foreign direct investment (FDI) in Bahrain bounced back strongly last year to $781 million after a period of serious decline in the wake of the global financial crisis, according to the latest World Investment Report. After attracting inve More… |
