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Kuwait’s KIPCO to extend $140 mln bonds maturity

Kuwait Projects Co (KIPCO), the country’s biggest investment firm by assets, said it will extend the maturity of KD 40 million ($139.5 million) worth ...

Merrill Lynch projects growth in Lebanon at 5.8 percent in 2009

Global investment bank Merrill Lynch projected economic growth in Lebanon at 5.8 percent for 2009, down from 8.5 percent in 2008, and forecast growth at 4.5 percent for 2010, as reported by Lebanon ...

Egypt has enough sugar reserves until January

Egypt's Ministry of Trade and Industry has set the price of sugar at LE3.75 (68 US cents) per kilogramme, a government official told the local ...

Bahrain property prices ‘show signs of recovery’

Bahrain's property market is showing signs of recovery after commercial land prices dropped by 20 to 30 per cent last year, it was claimed. ...

Dubai International records double-digit growth for third consecutive month

Dubai: Double-digit growth in passenger traffic continued at Dubai International for the third consecutive month with Dubai Airports announcing a 10.7 per cent jump in passenger numbers during August. ...

Moody’s outlook for Saudi banks remains stable

The fundamental credit outlook for the Saudi banking system is stable, reflecting the sector's resilience and its ability so far to absorb the adverse effects of the global financial crisis and deteriorating macroeconomic ...

Qatar apartment rents fall 17% in 2009

Apartment rents in Qatar have fallen by 17 percent since the start of 2009, a new report by the Qatar Statistics Authority has revealed ...

Oman Tourism to scale further heights

Tourism in the country, standing head above shoulders with diverse landscape of arid mountains and pristine beaches and greenery that offer a whiff of fresh air, is to scale greater heights in the international arena in the years to come, according to a top official at the Tourism ...

Jordan to witness increased olive production

Olive oil production from this year's harvest season is expected to increase by 50 per cent with prices per kilogramme ranging between JD3 and JD3.5, according to agriculture officials. Minister of Agriculture Saeed ...

Kuwait’s Investment Dar reaches deal with investors to temporary suspend claims against it

The Kuwaiti Islamic investment firm that owns half of British luxury car marker Aston Martin said Sunday it has agreed with its lenders to suspend their claims while it looks to restructure its debt ...

Bahrain Consumer Electronics Report Q4 2009

Bahrain’s consumer electronics market is forecast to increase to US$537mn by 2013, driven by demand for feature-rich digital lifestyle products such as LCD TV sets, notebook computers and other key products, and by ongoing ...

UAE may allow 100% ownership of businesses

International companies would be allowed to hold 100 per cent ownership of businesses they set up in the United Arab Emirates under ...
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