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Bahrain ‘to be innovative telecom hub’

Bahrain's open economy policy coupled with a strategy to develop the telecom sector has paved the way for it to be positioned as an innovative telecom

ADIB Egypt swings to $14.5m profit in 2013

Abu Dhabi Islamic Bank (ADIB) Egypt has reported a net income of EGP103 million ($14.5 million) for the year ending December 31, 2013, compared to EGP855 million loss in 2012.

Residential, hotel sectors lead Dubai real estate growth

Dubai's residential real estate sector witnessed increased prices and rents across all areas in the first quarter of this year, with rates growing faster in secondary locations, a report said.

Mena to invest USD316bn in power projects during 2015-2019

The Middle East and North Africa (Mena) is expected to invest $316 billion in power projects during 2015-2019 to meet electricity demand and more

Sovereign ratings gap widens

Fitch Ratings says in a new report that the average sovereign ratings of energy exporters and importers in the Middle East and North Africa (Mena)

UAE most desired country for Arab youth

The UAE has emerged as the most desired country in the world for Arab youth, according to a new survey.

Egypt food subsidy bill to total $4.3bn this year

Egypt's food subsidy bill will be 30 billion Egyptian pounds ($4.31 billion) this year, an amount that is expected to remain stable in the next fiscal year that begins in July, the new supplies minister said, pledging to tackle

Abu Dhabi MICE sector ‘growth to continue’

The Abu Dhabi tourism industry has reported a significant uplift in its MICE and business events bookings and predicted the trend will continue, according to the Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi).

Saudi inflation plunges to four-year low

Saudi's annual headline inflation hit a four-year low of 2.8 per cent in February from 2.9 per cent the previous month helped by a fall in food prices, said a report.

GFH in key London property placement

GFH Capital, a fully owned subsidiary of Bahrain based Gulf Finance House, has announced the successful placement of its newly-acquired prime central London

Switch to energy-efficient lighting, UAE urged

Emirates Wildlife Society, in association with WWF, has urged UAE residents and organisations to unite in positive action for our planet during the coming Earth Hour.

UAE sees faster jobs, salaries growth in 2014

The UAE has strengthened its position as the region’s most popular destination for expatriates over the years and 2014 will be a year of stronger employment growth and higher salary rises, said a survey by online recruitment firm, GulfTalent
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