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Samsung eyes 300pc smartphone sales growth

Consumer electronics giant Samsung expects more than 300 per cent growth in smartphone sales in Bahrain this year, with the country becoming its fastest growing

Egypt’s inflation inches up to 8.2pc

Egyptian urban consumer inflation edged up to 8.2 per cent in the year to May, the state statistics agency Capmas said on Monday, pushed up by food prices and

Three consortiums bid for Riyadh Metro

The High Commission for Riyadh Development (HCRD) revealed Saturday that more than 80 experts from all over the world will complete a technical and financial

S&P revises ratings on Saudi banks to positive from stable

Standard & Poor's Ratings Services said yesterday it revised to positive from stable its outlooks on Saudi Arabia-based Arab National Bank, Banque Saudi Fransi, 

Dubai Mall eyes 100 million visitors with huge expansion

The massive expansion of The Dubai Mall, described as the world's largest shopping and entertainment destination, has commenced its preparation to welcome

Islamic finance ‘ideal for new markets’

Islamic trade finance could provide new opportunities and become the preferred choice for emerging rapid growth markets (RGMs), according to Ernst & Young’s Global Islamic Banking Center.

UAE creates $15bn aluminium giant

The United Arab Emirates is merging its two flagship state aluminium firms to create the world's fifth largest aluminium company with an enterprise value of $15 billion.

Top Bahrain Islamic banks in merger talks

Khaleeji Commercial Bank (KHCB), a key Islamic retail bank majority owned by Gulf Finance house, has signed a MoU with Bahrain-based Islamic lender Bank Al Khair 

Kuwait ‘will burn 900,000bpd for power needs’

Kuwait will have to burn 700,000 to 900,000 barrels of oil per day to generate electricity and desalinate water by 2030, said a top official from the Ministry of Electricity

Migration offers new freedom to women

Labour migration has led to an increase in the independence of women and their influence over household decisions, but more could be done to harness the positive

Lexus sees GCC sales up 57pc

Lexus has reported 57 per cent growth in Gulf region sales for the first quarter of this year, compared to the same period last year.

Nakheel’s 350 villas sold out in 5 hours

Investors snapped up 350 newly-launched villas from Nakheel in just five hours on Sunday, the Dubai developer has said.
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