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Demand for infrastructure projects in Oman to remain high

With a young and rapidly expanding population, demand for infrastructure projects in Oman is likely to remain high, which will help the sector ...

Egypt targets 5% growth

Egypt's target for economic growth in the 2009/10 fiscal year would remain 4.5 per cent, but could approach 5 per cent, the country's finance minister ...

Bahrain bids better housing

Bahrain is determined to preserve village life as it builds more homes nationwide for its people, said Prime Minister Shaikh Khalifa bin Salman Al Khalifa ...

Lebanon credit ratings upgraded

Capital Intelligence, the international credit rating agency, said it had upgraded ratings of Lebanon and six of the country's banks mainly due to improved ...

UAE carries enormous boost in investors’ confidence

The GCC Investor Confidence Index cherished the performance of UAE economy and has said that regional and global investors' confidence in emirates economy jumped by 15.7 per cent in June ...

Qatari banks’ lending to the private sector drops

Qatari banks' lending to the private sector fell in April and money supply declined for the first time in at least three years as the global economic downturn ...

Cement production in the GCC will exceed demand

Cement production in the GCC will exceed demand by almost 15 per cent in 2009 with largest additions scheduled in Saudi Arabia and the UAE, ...

Saudi economy to shrink 1.2 pct in 2009

The Saudi economy is forecast to shrink by 1.2 percent in 2009, despite a stronger market for oil and expanded government investment ...

Egypt plans to boost IT exports

Egypt is poised for a rise in its volume of IT exports based on its growing business relationship with the United States. Dr. Tarek Kamel, Egypt’s ...

Bahrain Endorses New Business Law

 Bahrain endorsed a law on Sunday to treat GCC nationals as citizens in running their own businesses ...

Jordan, Canada sign free trade accord

Jordan and Canada signed a free trade agreement (FTA) on Sunday, Canada’s first with an Arab country ...

DIB, Dubai Bank ‘have no Saudi exposure’

Neither Dubai Islamic Bank nor government-controlled Dubai Bank have exposure to two troubled Saudi conglomerates, a spokesman for the two banks said on Monday. ...
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