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Kuwait's Burgan net profit grows ten-foldKuwait-based Burgan Bank Group has registered a ten-fold jump in its net profit for the year ended December 31, 2011 which soared to KD50.6 million ($182.5 million) from KD4.7 million the year before. Announcing the results, Burgan chairma More… |
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Global design award for Qatar’s growWolda, the Worldwide Logo Design Annual 2010, has awarded the prestigious “Best of Nation” award for Qatar to grow. Its design for the Education Centre logo at the Museum of Islamic Art (MIA) was selected from almost 1,400 entries from fr More… |
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GCC insurance premiums to hit $37bn by 2015The insurance premiums in the Gulf region, which stand at $18 billion, is set to grow at a CAGR of 20 per cent to hit $37 billion by 2015, said a report by leading investment bank Alpen Capital. The UAE and Saudi Arabia will emerge out as More… |
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GBM eyes 12pc growth amid big IT spendGulf Business Machines (GBM), a leading IT solutions provider in the region, said it plans to grow business by 10 to 12 per cent as IT spend is widely expected to increase in the Middle East. Unveiling its future strategy, GBM chief execut More… |
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UAE economy to grow 1.3 per centThe United Arab Emirates economy is expected to grow 1.3 per cent in 2009 and 3.2 per cent in 2010, the offical WAM news agency reported on Saturday citing the country's economy minister. Sultan bin Saeed al-Mansouri said inflation was More… |
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Kuwait money supply growingKuwait's money supply growth accelerated to 21.6 per cent in June from 17.9 per cent in May, central bank data showed on Monday. M3, the broadest measure of money circulating in the economy, rose to 25.19 billion dinars ($87.77 billion) in More… |
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Saudi June cement sales up 4.7pcThe annual growth in cement sales by Saudi firms rose to 4.7 percent in June, more than twice its level in May, according to data released on Saturday by NCB Capital. Saudi cement firms despatched 19.36 million tonnes of cement in the six More… |
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Bahrain retail sales to hit $5.7bn by 2013The retail sales in Bahrain is expected to grow from around $3 billion in 2007 to $5.7 billion by 2013, according to the latest BMI Bahrain Retail report. Bahrain is home to 16 retail centres including shopping centres, multi-use and More… |
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Egypt economy grows 4.7pcEgypt's economy grew around an annualised 4.7 per cent in the third quarter of the 2008/2009 (July/June) fiscal year, state news agency Mena reported on Saturday, citing a finance ministry report. The figure compared with 4.2 percent in th More… |
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UAE 'population, labour force growing'The population of the United Arab Emirates is not declining and there has been a net increase in the number of labour cards issued over the past six months,' Labour minister Saqr Ghabbash said on Monday. 'I don't want to specul More… |
