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The Economist group enters Saudi Arabia and Levant

Following the opening of a directly managed, Middle East sales office in Dubai, The Economist Group, the leading global media company, has appointed sales ...

Dubai property contractors still owed billions

Riad Kamal, Chief Executive of ArabtecProperty contractors in Dubai are still owed billions from developers, many of them state linked, and are demanding ...

Bahrain’s ABC to push Islamic finance in Europe

Bahrain-based bank ABC said it will start to market Islamic financing products to European clients left hamstrung by the sustained gridlock in the credit markets ...

Oil exporters cope with lower oil prices

Despite a marked decline in oil revenues, most oil exporters are maintaining government spending with the help of reserves accumulated during the boom years ...

IMF predicts 2.6 per cent GDP growth for MENA countries

The IMF, in its regional economic outlook published for the MENAP (Middle East, North Africa, Afghanistan and Pakistan) covering 22 countries ...

Higher capital availability ‘should be policy priority’

Dubai:  Moves to increase the availability of capital in the market should be a regional policy priority, although the outlook for the region's banking  ...

Profits of GCC-listed firms drop to $45.6bn

The impact of the global financial crisis showed on the profitability of the GCC (Gulf Cooperation Council) listed companies in 2008 ...

Measures urged to avoid Kuwait rating downgrade

Kuwait’s central bank urged better political climate and measures to weather a global financial crisis after warnings by some agencies to downgrade ...

Libya starts building USD 5 billion energy city

Construction Week reported that construction has begun on a USD 5 billion economic hub for energy companies operating in Libya. ...

Sohar Aluminium reaches full production in Oman

It is reported that Rio Tinto Alcan and Sohar Aluminium have now reached full production at their joint venture facility in the Sultanate of Oman. The newly inaugurated aluminium smelter has an initial production capacity ...

Qatar to open up more sectors for foreign investment

Qatar hopes to open up many more key economic sectors to foreign capital in a bid to boost the inflow of overseas investment. The only sectors that would continue to be off limits for foreign investment might include ...

Saudi $5 bln state investment co to launch next week

A new $5.33 billion investment firm owned by the government of Saudi Arabia, the world's largest oil exporter, will start operations next week ...
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