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Qatar acquires Raffles hotels in Singapore, Paris

Qatar Nationals Hotels Company (QNH) said on Monday it has taken over the ownership
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Gold price recovers from lows as dollar retreats

Gold prices steadied in Europe on Monday as a retreat in the dollar took some early 
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Gulf retailers could drop product prices next year

High street stores could be impacted by price reductions in Britain, retailers say
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Egypt growth slows as turmoil hurts tourism, investment

Tourists marvel at the Sphinx while Khufu pyramid looms behind (Getty Images)
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Dubai ruler gives green light to $272m road project

UAE vice president and prime minister and ruler of Dubai HH Sheikh Mohammed Bin Rashid Al Maktoum approved an AED1bn
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Saudi mobile-phone subscriptions rise to 56.1 million

Saudi Arabia's mobile penetration ranks third in the world at 188 percent Mobile phone subscriptions in Saudi Arabia rose 15
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The Middle East, Africa has seen a significant rise in hotels in its construction pipeline in November

The Middle East/Africa hotel development pipeline has seen a major increase in the past month
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UAE luxury car sales flip in high gear amid slowdown

Mother-of pearl dashboards and diamond-encrusted hood ornaments at the Dubai International Motor Show this week underlined
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Public-private alliance ‘key for top projects’

An effective partnership between the public and the private sectors will help enable Bahrain realise its strategy to complete development 
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Global energy summit to draw over 26,000

More than 26,000 attendees, including 3,000 delegates, 650 exhibiting companies and 20 national pavilions are expected to attend the
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Mena energy spending to top $525 billion

Privatisation plans for the power industry in the Middle East and North Africa will attract capital investment of up to $525 billion from
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Qatar set to spend $12bn on roads

Qatar will be investing approximately QR45 billion ($12.36 billion) on improving and creating road networks during the period
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