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Tunisia sees $1bn IMF loan deal in May

Tunisia expects to sign a $ billion loan deal with the International Monetary Fund (IMF) next month after a delay due to the crisis that followed the killing of an 

Dubai ruler receives new 40m superyacht

Italian shipyard Sanlorenzo has said it has delivered a 40-metre aluminium superyacht to Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai.

Saudi Arabia facing ‘housing crisis’

Saudi Arabia is facing a housing crisis and requires 350 million square metres of new accommodation to meet its burgeoning demand, an economic forum in Jeddah has been told.

Kuwait approves segregation of medical care

Kuwait’s Health Ministry has reportedly approved a proposal to designate specific hours of the day that nationals and expatriates can access medical attention

Emaar’s 2012 apartment sales double

Emaar Properties' revenue from sale of apartments more than doubled last year, offseting a sharp drop in sales of commercial units that is struggling to recover 

Libya halts tender for telecom management

Libya has halted a tender to manage the country's monopoly telecoms operator, the chief executive of United Arab Emirates' Etisalat said on Sunday

Qatar bid for Marks and Spencer denied

Qatar Holding, the investment arm of the Gulf state's sovereign wealth fund, is not considering a bid for British retailer Marks & Spencer, a source close to the fund said on Monday

Egypt tries to attract foreign investment in state debt

Egypt has opened a scheme allowing foreign investors in its financial markets access to dollars despite a hard currency shortage, a move which analysts said aimed to

Mena-domiciled funds assets soar to $89.6bn

The total assets of funds domiciled in the Middle East and North Africa (Mena) region increased by three per cent in the first half of 2012 to hit $89.6 billion from

Brazil-Arab trade flow hits $26 billion

Trade flow between Brazil and Arab countries reached nearly $26 billion in 2012, increasing by 3.26 per cent from $25.11 billion in 2011, according to figures

Qatar eyes Sarkozy to head wealth fund – report

Qatar’s sovereign wealth fund hopes to appoint former French president Nicolas Sarkozy in a senior role at a new private equity fund

Emirati graduates eye $7,300 monthly salary for first job

Emirati graduates in the UAE are seeking pay of up to AED27,000 (US$7,300) for their first job and prefer working in the public sector, according to the findings of a new poll.
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