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Mena business travel ‘on the rise’

More than 43 per cent of Mena business travelers reported an increase in travel budgets during 2012, as against 35 per cent in 2010 and 41 per cent the previous

Kuwait bourse slips from nine-month high; small-caps dominate

Kuwait's bourse eases off a nine-month high as investors book gains, while most other Gulf markets are little changed amid a lack of fresh catalysts to push them higher.

UAE rejects easing of foreign ownership rules

A government body in the United Arab Emirates has rejected draft legislation that would have eased tight controls on foreign ownership of companies, with members 

New Doha airport is revealed

The new Hamad International Airport in Doha will receive its first passenger flights in April this year, while cargo operations will open by March.

Bahrain ‘set to remain finance services hub’

Bahrain will remain the hub for financial services in the region, despite competition from Dubai and Qatar, top bankers said yesterday.

Abu Dhabi in key grocery reform boost

More than 60 per cent of the total retail space for groceries (amounting to 32000 sq m) entitled to implement the new standards and specification has already been

Qatar residential rents stable in Q4

Residential rents in Qatar were broadly stable across all locations in Q4, compared to the previous quarter, although villas in some premium locations experienced

Most Mena firms ‘to hire new staff this year’

Most companies in the Middle East and North Africa (Mena) region are expecting to hire new employees this year, according to a new study.

Qatar construction costs to jump 18pc

Qatar’s construction industry will have to deal with soaring construction costs as the country gears up for the staging of its biggest event yet, the 2022 FIFA

Japan denies Saudi oil pact

Japan has not asked Saudi Arabia to supply more oil, clarified the Japanese trade minister after media reports that he had flown to the world's largest oil exporter 

ICD begins talks to refinance $2bn loan

Investment Corporation of Dubai (ICD), the emirate's flagship investment vehicle, has begun talks with banks over a $2 billion loan it is scheduled to repay in

Abu Dhabi Ports registers solid growth

Abu Dhabi Ports Company (ADPC), a master developer and manager of commercial ports and industrial zones in the emirate, witnessed solid in 2012 with its
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