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UAE current account surplus quadruples

The United Arab Emirates' current account surplus quadrupled to 112.7 billion dirhams ($30.7 billion) in 2011 as both crude and non-oil exports soared, the central 

Dubai villa rentals increase 3pc in Q1

The residential villa market in Dubai experienced positive rental rate growth for the first time since 2008/2009, with average lease rates increasing by 3 per cent in Q1

Abu Dhabi launches e-tendering system

Abu Dhabi has announced the launch of new electronic tendering system and electronic registration of suppliers and contractors to help them electronically record 

IMF concerned about Kuwait’s finances

Kuwait's recent wage hikes have raised concerns about the sustainability of its public finances, its central bank governor told the state news agency Kuna, citing a preliminary

Oman posts $2bn surplus in Jan-Feb

Oman booked a budget surplus of 768 million rials ($2 billion) in the first two months of 2012 as robust oil prices boosted revenue, finance ministry data showed 

Optimism in Mideast businesses ‘rising’

The number of Middle East professionals reporting confidence in their businesses has grown from 26 per cent in late 2011 to 32 per cent in the first quarter

Economic growth fuels Qatar property market

Qatar’s strong economic performance driven by high energy prices and the government’s investments as well as preparation for Fifa 2022 are driving real estate 

Oman sees big Saudi tourist flow

Oman tourism ministry officials said Saudi Arabia was fast becoming its major tourism market with the tourist arrivals from the Kingdom hitting 60,000 in 2011, up 17

Suez Canal revenue at $433m in April

Revenue from Egypt's Suez Canal fell 0.3 percent in the year to April, the Egyptian Information Portal showed on Wednesday. Revenue decreased to $433.1 million in April

Dairy sector has 2.7bn new consumers says study

About 2.7 billion low-income consumers in developing countries are the dairy industry’s

Political risks weigh on Mena ratings: S&P

Standard & Poor's Ratings Services, which rates 13 sovereigns in the Middle East and North Africa (Mena) region, said five countries in the region have negative outlooks

Egypt foreign reserves see 1st gain since 2010

Egypt's foreign reserves rose slightly last month, central bank data showed on Sunday, their first gain since a popular uprising unseated the country's autocratic leader and
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