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Egypt will get oil aid from Arab states

Arab countries will extend aid to Egypt in the form of petroleum products until at least September, Finance Minister Hany Kadry Dimian said on Thursday,

Tunisia: NPLs of banks total 12.5 billion dinars

The value of NPLs of Tunisian banks has reached approximately 12.5 billion dinars until March 6, 2014, i.e.20% of the total liabilities of these banks. This was announced Monday by Chedly Ayari, Governor

Bahrain’s GDP set to expand 12pc

Living standards in Bahrain are set for a boost with the rate of gross domestic product (GDP) per capita forecast to rise by 12 per cent over the next five years,

Saudi CEOs ‘highest paid in GCC’

The chief executive officers (CEOs) and managing directors of multinational and national companies in Saudi Arabia are the highest paid executives

GCC tobacco tax rise ‘will fuel illicit trade’

Anti-smoking campaigners urging a 100 per cent increase in duty on tobacco products in the GCC have been warned that the move would fuel illicit trade i

DSG ‘ready to implement Smart Dubai Strategy’

Dubai Smart Government (DSG) Department has affirmed its readiness to comply with the ‘Smart Dubai Strategy’ to convert the emirate into a smart city

ME oil, gas transaction value up 15pc

The value of oil and gas transactions in the Middle East region surged to $3.1 billion in 2013, up 15 per cent when compared to $2.7 billion the previous year

Saudi construction sector booming on new contracts

The Saudi construction sector is poised for significant growth over the next few years thanks to the boom in contract awards and ongoing construction

Gulf Finance House to start $3bn Tunisia project

Bahrain's Gulf Finance House (GFH) will start building a $3 billion financial park and real estate development north of Tunisia's capital, a project that had been suspended for five years, the Islamic investment bank said

World’s largest bank eyes MidEast expansion

Industrial & Commercial Bank of China Ltd (ICBC), the world’s largest lender, is considering acquisitions in the Middle East as part of its expansion

53% of Saudis trust their banks, says survey

More than half of Saudi bank customers have complete trust in their primary financial service providers, according to a global survey by Ernst & Young.

Iraq oil exports hit 25-year high in February

Iraq exported 2.8 million barrels of oil per day in February, a top minister said Saturday, a sharp month-on-month gain and the highest such figure in at least a quarter-century.
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