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UAE gems and jewellery market to grow 7pc annually

The UAE gems and jewellery market is set to register an annual average growth of more than seven per cent from this year to 2019, according to a recent report.

GCC construction sector sees drop in confidence

While the GCC construction industry remains positive about 2015 with 77 per cent of respondents to a survey stating they were optimistic, their confidence

Saudi construction firms’ profit plunges 39pc

The construction and building firms listed in Saudi Arabia saw their net profits plunge by 39 per cent to reach SR528 million ($140.6 million) in the first nine months compared to SR871 million ($232 million) in the same period

UAE nuclear power plant reactor set for 2017 start

The first of four reactors being built at the United Arab Emirates' Barakah nuclear power plant is 61 per cent complete and on track to start up in 2017, Emirates

UAE aims to become ‘most innovative nation’ in 7 years

The UAE aims to become one of the most innovative countries in the world in the next seven years under a national strategy launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and

QInvest closes $1.8bn real estate deals in 2014

QInvest, a leading investment bank in Qatar, said it had closed real estate transactions worth $1.8 billion in 2014 amid a renewed investor interest in the GCC property market.

Egypt signs deals with six firms to dredge new Suez Canal

Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's programme to revive an economy battered by years of political

Regional funding boom for plane deliveries: Boeing

Boeing, a leading aircraft manufacturer, said today that commercial financial institutions in the Middle East are increasingly funding the region’s record number of airplane deliveries.

Moody’s changes Egypt’s outlook to stable from negative

Moody's Investors Service has today (October 20) changed Egypt's outlook to stable from negative and affirmed its Caa1 government bond rating.

Ooredoo chief presses for Internet for all

The chairman of Ooredoo Group has challenged governments and industry peers to address the infrastructure challenges in bringing the next billion people

Non-hydrocarbon sector driving Qatar growth

The non-hydrocarbon sector in Qatar continues to drive economic growth, supporting the diversification of the economy, a report said.

Renault’s sales up record 33pc in GCC

French automaker Renault sold a record 10,656 units across the GCC from January to August, marking an increase of 33 per cent as against the corresponding
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