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UAE sees influx of GCC nationals seeking residency

The UAE saw a 36 percent increase in the number of Gulf nationals taking up residency in the country last year, according to the latest
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GFH hires Deutsche Bank as structuring agent

GFH plans to raise capital by $300 million through equity-linked convertible murabahas, or similar instruments and Deutsche
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Mena affordable housing market ‘worth $125m a year’

Affordable housing market in the Mena region is worth $125 million annually, according to a new report. A T Kearney
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Egypt aims to grow 70pc of wheat by 2020

Egypt, the world's biggest wheat importer, is aiming for 70 percent self-sufficiency in wheat by 2020 as it plants new strains
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Saudi construction to boost landscaping

With construction growth in Saudi Arabia continuing unabated, particularly in relation to the ongoing creation of new infrastructure
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Jordan’s H1 trade deficit widens to $3.9bn

Jordan's first-half trade deficit widened 18 per cent from the same period last year to JD2.792 billion ($3.9 billion), due to a higher
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Bahrain’s GFH to raise capital, delay Q2 results

Bahrain's Gulf Finance House plans to raise its capital, the second such increase in less than a year, as the investment firm hit hard by
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Mortgage uncertainty slowing Saudi real estate market

Uncertainty over the introduction of Saudi Arabia’s mortgage law has led to a slowdown in the kingdom’s real estate market and has caused
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World’s biggest clock starts functioning in Mecca

A giant clock on a skyscraper in Islam's holiest city Mecca began ticking on Wednesday at the start of the fasting month of Ramadan
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Oman cuts 2010 GDP growth forecast to 5% on oil

Oman's economy is likely to grow 5 percent this year, slower than the government had previously predicted, as oil prices will probably
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UAE to replace feet and yards with metre

The UAE is set to introduce a new metric system of measurement which will scrap feet, inches and yards in favour of metres
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Abu Dhabi consumer prices increase 2.54%

Consumer prices in Abu Dhabi rose 2.54 percent in the first seven months of the year, according to the latest monthly report released
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