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Investors eye Gulf aquaculture boom

Saudi Arabia and Oman are leading a fresh wave of investment in the Gulf’s aquaculture industry, as increasing regional fish consumption gives investors a big opportunity to capitalise on the fastest growing food processing sector in the Middle East,

Egypt unveils $4.9bn stimulus package

Egypt's interim government unveiled its second stimulus package on Monday (February 10), which will inject 33.9 billion Egyptian pounds ($4.87 billion) into the 

Egypt urban inflation slows to 11.4pc

Egypt's annual urban inflation rate slowed slightly to 11.4 percent in January from 11.7 percent in December, the official statistics agency Capmas said.

Dubai housing prices to hit pre-crisis levels next year

Dubai house prices are only 15 per cent short of their 2008 peak and will return to those pre-crisis highs within 18 months, consultant Jones Lang LaSalle (JLL) said on Monday.

Saudi’s Shoura Council to discuss 40hr working week

Saudi’s Shoura Council is set to discuss the issue of its 40-hour work week on Monday after several members called for a re-vote on two issues in the controversial 

Superyachts demand on the rise as UAE seeks to become hub

Dubai International Boat Show has revealed that it will showcase the largest ever collection of luxury vessels at its 22nd edition in March as the UAE seeks to become one

Ford ME posts 12pc rise in 2013 sales

Ford Middle East witnessed a sterling performance in 2013 with total sales rising 12 per cent year-on-year and breaking the 85,000 unit milestone.

Jobs boost by Abu Dhabi industries

Abu Dhabi’s Industrial Development Bureau (IDB) has aimed to create job growth of eight to nine per cent in the emirates industrial sector by 2020, said a report.

Ooredoo to offer free 4G network

Ooredoo Qatar, a leading communications company, plans to offer its 4G network permanently free to all its customers, said the company’s chief operating officer.

GCC seeing continued strong wealth growth

Assets under management have seen a significant upswing around the world but these gains have not translated into the top-and-bottom-line growth that wealth managers would 

Egypt narrows budget deficit in H1

Egypt's budget deficit was 89.4 billion Egyptian pounds ($12.84 billion) or 4.4 percent of economic output in the first half of this fiscal year, less than in same period a year 

Dubai residential sales prices up 60pc in 2013

The residential property market in Dubai recorded robust growth in 2013 with the average apartments and villa sales prices up by 60 per cent year-on-year, said a report.
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