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GCC to invest $100bn in water sectors

GCC governments have earmarked more than $100 billion in their water sectors between 2011 and 2016 to improve desalination technologies involving solar energy

ME luxury market to grow 15pc in 2012

The Middle East luxury market will grow by 15 per cent this year leading the strong performance of the worldwide luxury market, according to a new study.

London tops Arab cosmetic surgery list

While 90 per cent of Arabs who leave the Middle East to have cosmetic surgery performed come to Europe, more than half of them choose London for their treatments

Egypt budget projects 12.5pc higher deficit

Egypt's overall budget deficit will rise 12.5 per cent to 135.0 billion Egyptian pounds ($22.26 billion) in the fiscal year that began on July 1, according to a draft budget 

Saudi car sales to hit $25bn by 2013

With Saudi Arabia planning to start manufacturing automobile parts next year in addition to assembling cars, the value of car sales in the kingdom will reach SR94 billion

GCC economy ‘worth 2pc of global GDP’

The GCC countries' economy constitutes the equivalent of two per cent of the world's gross domestic product (GDP), according to Al Ahli Bank's economist Dr Saeed

ME paper industry posts 12pc growth

The Middle East paper industry, one of the fastest growing in the world, today meets half of the requirements of local consumption, up 12 per cent over 2008, when 

Qatar investors buy key London property stake

A group of Qatari investors have snapped up a stake in London luxury property developer Native Land, the latest in a string of deals in which the oil-rich Gulf state

New players to join Saudi real estate market

The implementation of the new mortgage law in Saudi Arabia is expected to modernize the Kingdom's real estate market through attracting foreign investments.

ME equity issues surge to $4bn in Q2

The equity capital markets issuance in the Middle East reached $4 billion during the second quarter of 2012, nearly four times the value seen in the previous

Saudi, UAE, Qatar top Cleantech list

Saudi Arabia, the UAE, Qatar and Jordan are the most attractive markets for clean technologies, thanks to their government plans, budgets and long-term strategies

Oman economy outlook good despite risks

Oman's economy seems to have weathered the first quarter's global slowdown quite well and its 2012 outlook remains positive despite external risks, a central bank
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