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Egypt to finalize tender to develop Suez

Egypt will finalise a tender for the development of the Suez Canal by the end of the month, the investment minister said.

Contractors hit hard by Saudi raids

The labour raids targeted agains illegal expatriates in the kingdom have phased out 100,000 of the 200,000 contracting firms registered with the country’s chambers of commerce

Egypt plans extra stimulus by year-end

The Egyptian government will launch a new economic stimulus package by the end of the year, the finance minister said on Monday, bringing forward spending plans that will help revive the economy but put even more strain on state

Project bonds to boost GCC infrastructure financing

There are signs that the use of bond financing could be about to take off in the project finance capital markets of Gulf countries, according to a Credit FAQ report by Standard & Poor's ratings services.

Qatar to showcase world’s luxury brands

Qatar is all set to host the fourth edition of the 'World Luxury Expo' which will showcase a selection of the world's leading luxury brands to high-net worth clientele across the GCC region from November 14 to 16.

Renault posts 34pc rise in UAE sales

Renault Middle East has posted a record growth of 34 per cent in sales during the first nine months of 2013 in the United Arab Emirates.

UN expert urges Qatar to end sponsor system

A UN official has called on Qatar to abolish a sponsorship system for migrant workers, which he said was a source of labour abuse, raising pressure on the 2022 World Cup host for reforms of its workplace practices

Kuwait to review $16bn annual subsidies

Kuwait's government plans to form a special committee to review subsidies on goods and services which are costing the country more than 4.5 billion dinars ($15.9 billion) a year, a report said citing government sources.

GCC discusses rapid food alert system

Senior GCC food department officials were in the UAE capital to discuss ways to develop a rapid food alert system for the Gulf region at a meeting hosted by Abu Dhabi Food Control Authority.

Mideast food producers told to ‘evolve’

Food manufacturers should constantly evolve the way they make and market their products to tap into the booming Middle East food and beverage sector, or face the possibility of being forced out of the market altogether, said an industry

UAE mobile number portability by Dec – regulator

The UAE’s telecommunications authority said that long-delayed plans for mobile phone number portability would be introduced by December this year

Expat influx drives 16% Q3 rise in rents in Doha

A lack of supply in the residential market in Doha due to increasing expatriate inflow has led to an average annual rental increase of 16 percent, Asteco said on Tuesday.
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