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Suez Canal official sees stable revenue

Revenue from Egypt's Suez Canal will not fall this year from the $5.2 billion it achieved in 2011, the head of the Suez Canal Authority Mohab Memish said on Thursday.

Iraq plans giant oil, gas free zone

Iraq General Commission of Free Zones said it has entered into a joint venture agreement 

Saudi expects 1.8m foreign pilgrims for Hajj

 Saudi Arabia is expecting more than 1.8m foreign pilgrims and around 1m domestic pilgrims to perform Hajj this year, Hajj Minister Bandar Hajjar told Saudi Press 

Abu Dhabi home completions up 17% in Q2

As a total of 3,302 residential units were completed during the second quarter of 2012, a quarter-on-quarter rise of 17.3 percent, research from the Statistics Centre 

Jordan lawmakers clear way for sovereign sukuk

A long-awaited law allowing Jordan to issue sukuk has been cleared by both houses of its parliament, paving the way for the government to tap strong global appetite

Expats urged to lower UAE salary expectations

Overseas candidates looking to work in Dubai anticipate salaries that exceed the market rate, according to new research by recruitment consultancy Robert Half UAE.

Mena new projects will total $4.4 trillion

Around $4.3 trillion worth of construction projects will be undertaken across the Mena region over the next decade, representing a growth of 20 per cent through 2020,

ME investors boost Europe real estate market

The real estate investors from the Middle East region accounted for 12 per cent of the cross-border investment in European markets during the second quarter

Saudi economy ‘tough against world events’

Global economic turmoil have a very minimal impact on Saudi Arabia’s economy given its dependence on foreign bank financing, said the CEO of Deutsche

Kuwait consumer spending seen strong in 2012

The consumer spending in Kuwait is set for another strong year in 2012 backed by solid salary increases and an improving employment scenario, according 

High-speed Internet ‘can boost GCC economy’

Quadrupling the speed of broadband in the GCC has the potential to contribute an additional 0.6 per cent to the nations’ Gross Domestic Product (GDP), 

Pay more, Saudi private firms told

Saudi Arabia will push private companies to pay Saudi workers as much as their state-employed counterparts with the goal of encouraging more citizens to seek work 
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