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Robust non-oil growth boosting Gulf RGMs

The GCC can expect to see robust economic growth over the medium term and successful diversification of its local economies backed by a young population which

GCC private education market hits $5bn

The value of private education market in the GCC has risen to $5 billion, with an increasing number of international schools, strong population growth and continued economic

Chaotic oil power Libya far from partition

Deep in Libya's southern Sahara, tribal sheikhs crowded into a Bedouin tent last month to declare their remote province bordering Algeria would break away from the government in far-off Tripoli.

UAE economy to grow 3.5% in 2014

The UAE economy will grow by 3.5 percent this year, according to credit insurance giant Euler Hermes, on the back of infrastructure development and improved business climate.

Expats would be hit by remittances tax: Dubai boss

A proposal being considered by the Dubai government to tax remittances would force expatriates to contribute more to the UAE economy, Dubai Chamber of

UAE’s Arabtec raises 36,000 labourer wages by 20%

Arabtec, the UAE’s largest listed construction firm, has raised the salaries of all 36,000 of its workers in the Gulf state by 20 percent following large-scale strikes earlier this year.

ME visitors’ shopping in Germany up 25pc

Middle Eastern visitors to Germany spent an average of 308 euros ($415) on tax-free shopping in the first half of 2013, marking an increase of 25 per cent over the same period, a report said.

Almarai prices Gulf’s first corporate hybrid sukuk

Saudi Arabian dairy producer Almarai has completed the first hybrid bond offer by a corporation in the Gulf, selling a 1.7 billion riyal ($453.2 million) Islamic bond (sukuk) on Monday, bankers said.

Expert managers needed for $690bn UAE projects

More certified project managers are needed to ensure that planned infrastructure developments across the UAE worth an estimated $690 billion are delivered

Abu Dhabi passenger traffic up 18.5pc in Aug

Abu Dhabi International Airport has registered a 18.5 per cent growth in its monthly passenger traffic for August which soared to over 1.5 million compared to the same period last year.

MAF not to pursue Egypt, Syria investments

Dubai's Majid Al Futtaim Holding (MAF), the sole franchisee of hypermarket chain Carrefour in the Middle East, will not pursue investments in Egypt and Syria until

New GCC consortium to build major cable system

In a major regional telecommunications development, a GCC-wide telecoms consortium has been formed to build a high-bandwidth regional transmission cable system for the region
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