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Kuwait’s July money supply growth falls to 18.9pc

Kuwaiti money supply growth fell to 18.86 per cent in July from 21.61 per cent in June, official data showed on Sunday. M3, the broadest measure ...

Noor Islamic Bank opens forex services

Noor Islamic Bank has launched foreign currency exchange (FX) services at its Dubai Airport Terminal 3 branch. The bank will provide ...

UAE and Qatar may see negative inflation

Reuters reported that Qatar and the UAE are likely to see negative inflation this year due to falling house prices while inflation rates will slow sharply ...

Saudi top 50 have combined $146bn fortune

Saudi Arabia’s 50 wealthiest men have a combined fortune of more than $146bn, according to an unprecedented new study of over 300 individuals ...

GCC investor confidence rises in August

The UAE and Qatar drove improvements in investor confidence in the GCC in August.Investor sentiment in the GCC improved ...

Kuwait’s KIA has no set plans to divest assets

The Kuwait Investment Authority (KIA), which owns a stake in telecoms operator Zain among other publicly traded assets, has no set plans to sell its positions ...

Number of tourists to Lebanon reaches record in July

Lebanon is experiencing an unprecedented tourism boom this summer with a record number of tourists reaching 1,100,000 during the first seven months of 2009 ...

Saudi steel costs fall 55% in 2009

The price of steel used in construction in Saudi Arabia has fallen 55 percent in 2009. (Getty Images)Prices of steel used in construction in Saudi Arabia ...

UAE banks may see growth curbed

UAE banks may see curbed growth, firm says. UAE banks, whose second-quarter profits were hit by credit provisions, may see growth curbed by ...

Indian giant wins $217m Gulf power deals

Indian firm L&T has won contracts in the Gulf worth more than $217 million. (Getty Images)Engineering and construction major Larsen & Toubro Limited (L&T) on ...

Saudi Arabia: Construction industry valued at USD23.39b

Saudi Arabia's construction industry will grow by 0.05 percent in real terms to reach a nominal value of SR87.23 billion ($23.29 billion), "Saudi Arabia Infrastructure ...

Egypt signs $2.3 billion oil, gas agreements

Egypt has signed agreements for oil and natural gas exploration that are expected to bring in new investments of $2.3 billion, an official at the Oil Ministry ...
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