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Dubai gold retailers urged to cut margins

Dubai’s gold jewellery retailers must adopt a pricing strategy of reduced profit margins to stimulate their slumping sales, the top official of Dubai Multi ...

Qatar wants Porsche

Qatar's prime minister says the energy rich country is considering taking a stake in German luxury automaker Porsche ...

Egypt, Spain venture to launch new industrial zone costs $250 mn

Egyptian and Spanish partners are investing almost $250 million to build an industrial zone in Egypt to attract investment from Europe despite a world financial ...

Diverse sources of income needed to overcome crisis in Koweit

Kuwait needs diverse sources of income and vital economic reform programs to overcome the financial crisis, First Constituency candidate Mohammed Hamad ...

Dubai property prices ‘fall 41%’

Property prices in Dubai plunged 41% during the first three months of this year, a report has calculated. The decline is from the last quarter of 2008 ...

Oman’s largest IT expo Comex 2009 goes green

COMEX 2009, Oman’s largest IT, Telecom and Technology Expo, is all set to be held from May 25 to 29 at the Oman International Exhibition Centre ...

Libyan Foreign Bank eyes capital hike, acquisitions

State-owned Libyan Foreign Bank (LFB) plans to raise its capital 10-fold to $10 billion to finance acquisitions in Europe and Africa and will up its ...

Egypt to invest more than USD 2.7 billion in power production

Hassan Yunis Egypt’s minister of electricity as saying that Egypt has earmarked almost EGP 16 billion for investment in electricity for the FY 2009-2010.

Gas Powers Dramatic Qatar Economic Growth

Qatar's economy made massive strides in 2008 as gas production enabled the tiny Gulf state to mitigate the impact of the global meltdown, a Kuwaiti ...

Dubai recorded the highest growth during 2001-07.

Abu Dhabi maintained its position as the largest economy in the UAE while Dubai recorded the highest growth during 2001-07. The report gave no figures ...

Heavy investments boost the UAE economy

Heavy investments boosted the UAE economy by at least 20 per cent in current prices during the oil boom of the past eight years to catapult the ...

Egypt’s E-Finance system first phase goes live

Egypt’s E-Finance and Bahwan CyberTek announced that the electronic payment services at Cairo was operational in its first phase and the first set ...
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