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Egypt car sales down 36 %, says Auto Council

Egypt’s car sales declined 36.3 percent year-on-year in June 2009, said officials at the Automotive Marketing Information Council (AMIC) in their bi-annual ...

Kuwait per capita income second amongst Arabs

Kuwait came second in the Arab world and 17th worldwide in regards to per capita income rates as stated by the World Bank's report on per capita income for 2008 ...

Lebanon economy shrugs off regional gloom

Lebanon is performing exceptionally well, given the global financial crisis. Its new political stability is encouraging a tourism boom and keeping a normally buoyant ...

Qatar’s Total IT Market To Reach US$402mn In 2009

Market Overview Qatar’s IT market appears better placed than some others in the region to withstand current global economic headwinds. Despite the economic slowdown, IT spending growth in 2009 ...

UAE to cut Ramadan food prices up to 60 per cent

The United Arab Emirates plans to cut food prices during the holy month of Ramadan so that crisis-hit consumers can afford to fill their plates when they break ...

Qatar’s economy to grow 7-9pc, says minister

Qatar is still on track to implement its 2020 plan to transform the economy to zero dependence on hydrocarbon, though there could be a delay, says the country's ...

Oman Air to launch six new routes

Oman Air will fly to six new destinations from Muscat starting in either September or October this year, it has been reported. Ghalib Salim Bawazir, Oman Air ...

Saudi potential for nuclear energy ‘huge’ – Siemens CEO

The CEO of Siemens has said the potential for renewable energy projects in Saudi Arabia is huge, while declining to comment on whether the company ...

Downturn hits Suez Canal revenues

Annual revenue from Egypt's Suez Canal, which allows shipping to pass between the Mediterranean and the Red Sea, has dropped by 7.2 per cent to $4.72 billion. ...

Gulf power grid ‘big step toward overcoming electricity shortage’

Gulf countries have taken a step towards easing a regional power crunch and supplying the flow of electricity needed by their increasingly affluent societies by linking up their grids ...

Egypt’s water needs will surpass its resources by 2017

Egypt’s water needs will surpass its resources by 2017 because its population, now around 76 million, is still increasing fast, the state-run news ...

Lebanon fourth most desirable country in region for relocation

A survey conducted by executive search firm Heidrick & Struggles International indicated that Lebanon is the fourth most desirable country in the Middle East to relocate to among eight countries included ...
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