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Kuwait mulls scrapping expat subsidies

A large group of Kuwaiti lawmakers are calling on the government to scrap expats’ subsidies for essential services including electricity and water, claiming the government

Bahrain plans mega project to offer 10,000 jobs

A multi-million dinar project could soon be launched in Bahrain with potential to employ 10,000 job-seekers, a report said.

UAE, Qatar top Mena tourism performers

The UAE is the top performer in travel and tourism competitiveness in the Mena region, followed by Qatar, according to a report released by the World Economic

Egypt rejects stop-gap IMF funding

Egypt on Sunday rejected any suggestion of stop-gap IMF funding to help it through a political and economic crisis, saying only broad structural measures as part

Dubai corporates ‘to benefit from economic growth’

The credit quality of corporates in Dubai is likely to benefit from emerging markets' growth prospects, strong oil prices and access to debt capital markets

Sustainability ‘crucial for oil industry growth’

Sustainability should form the bed-rock of growth for the region's oil and gas industry, said a leading minister at the opening of a major oil & gas event which

Dubai property market among top 20 says report

Dubai ranks among the 20 most expensive residential real estate markets in world, according to the latest annual Wealth Report produced by Knight Frank.

GCC countries ‘see moderate inflation’

The GCC region witnessed a moderate three per cent inflation in consumer prices during last year, down from 3.7 per cent in 2011, according to QNB Group analysis

Dewa inks power cable contract

Dubai Electricity and Water Authority (Dewa) has inked a Dh19.5 million  ($5.3 milion) contract for a new 132 kV power cable network for the Gardens and Dubai 

Egypt reform targets currency reserve recovery

Egypt's government reform programme is targeting a recovery in foreign exchange reserves to $19 billion by the end of June, climbing to $22.5 billion a year later

GCC ‘facing major healthcare burden’

The health care spending will impose a hefty burden on GCC governments in years to come, according to research by Booz and Company.

5-year itch for majority of Mena employees

Majority of employees stay no longer than five years in a job before moving on, while more than half claim they would like to leave their jobs immediately, according
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