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$333m Saudi hotel projects set to meet pilgrim demand

The Elaf Group, a subsidiary of Saudi Economic and Development Company (SEDCO) which serves the Saudi Arabian travel, tourism and hotel industries, has announced an expansion in its hotel offering with ...

Qatar consumer confidence rises as optimism prevails

Consumer confidence improved in Qatar for the first time this year on expected better business conditions and more jobs, according to a survey by Bayt.com and YouGov. ...

Mortgages in Bahrain may top $1.9bn

The mortgage market in Bahrain and across the GCC slowed down in the first three months of this year and could slow further. But in the longer term the market in Bahrain could double to around BD700 million ...

Oman’s taxes revamp a positive step

Omani authorities are carrying out sweeping reforms of the country's tax structure. The revised system ends discriminatory practices of applying ...

Highest ever tower to be built in Saudi Arabia

A tower rising to a height of more than a kilometre is being planned for Saudi Arabia. Kingdom Holding Company, a Saudi property company, has announced a contract for a US$26.6 ...

Qatar Airways Orders 24 Airbus A320-Family Jets

Qatar Airways has signed an order for 24 A320-family aircraft from Airbus worth about USD$1.9 billion at list prices, doubling its medium-haul fleet as it prepares to fend off low-cost competition. ...

Arab Bank best bank in Mideast, Jordan in 2009

Arab Bank was recognized by pre-eminent international finance magazine Euromoney as the "Best Bank in the Middle East" and "Best Bank in Jordan" at the Euromoney Awards for Excellence 2009 Middle East Dinner ...

Egypt gets 55 bids to build country’s first wind farm

Egypt received bids from 55 companies to build and operate the country’s first wind farm as part of a plan to generate a fifth of the country’s electricity from wind power. ...

Abu Dhabi house prices to fall 25 percent in full year 2009

Dubai house prices will fall another 20 percent this year, as the former boomtown continues to suffer a sharp economic downturn, a Reuters poll showed. Residential real estate prices in Dubai -- home to man-made islands ...

UAE’s Al Futtaim plans multi-bln dlr Morocco project

Al-Futtaim Capital, the investment arm of the United Arab Emirates-based Al-Futtaim Group, plans to develop a multi-billion dollar property project in Morocco, it said on Sunday. Al-Futtaim Capital is in the final stages of acquiring a 7 million ...

Saudi stocks are best Gulf Arab investment

Saudi equities are the best investment among Gulf Arab stocks because of the country's oil reserves and large economy, and the Dubai market is the cheapest, brokerage Merrill ...

UAE employees willing to work harder now

Slightly more than half of the Middle Eastern region's employees have changed their work behaviours and attitudes for the better as a result of the current ...
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