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Saudi plans $500m car manufacturing unit

Saudi Arabia plans to start up its first car manufacturing company with a capital of $500 million and expects a prototype
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Jordan’s Q3 gross domestic product rises 3.5%

Jordan’s gross domestic product for the third quarter rose 3.5 percent as the industries sector and government service producers showed
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GCC liquidity levels ‘ample’ – National Bank of Kuwait CEO

GCC banks will feel the benefits of renewed government spending in 2011, as liquidity in the Gulf returns to pre downturn
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Middle East tanker excess drops as demand accelerates

An excess of supertankers competing for Arabian Gulf crude oil shrank for a second week as demand to charter ships jumped to
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More ‘tax reforms likely in Mena region’

The governments in the Mena region have implemented new tax regimes and expanded their commercial laws relating to inward investment
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Rebound seen in Bahrain building sector

Contractors in Bahrain's construction industry are expecting a rebound soon, with new projects worth $1.628 billion (BD614 million) by 2012
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UAE to ease job change rules

The UAE has eased its labour laws to allow a worker with an expired contract to obtain a new work permit and shift to another employer
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Call to set up Islamic finance watchdog

Standardisation of the Islamic banking policies, procedures and regulatory framework on a global level is important to propel the growth of the industry
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Egypt to offer projects over next 5 years

Egypt plans to offer billions of dollars worth of transport, energy and other projects in partnership with private firms over the next five
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Gulffood Awards 2011

Entrants to the Gulfood Awards 2011 are facing a panel of highly distinguished and highly discerning international judges as they vie for their category
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Saudi business activity hits record high

Saudi Arabia's non-oil private sector business activity climbed to its highest level to date on a record output increase, sharp rise in new
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UAE November business activity eases

Private sector business activity in the United Arab Emirates (UAE) eased in November from a 15-month peak in the previous month
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