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GCC states insulated against Greek contagion

Gulf oil producers appear to be more insulated from Greece's financial troubles than other Arab countries while their banks have sufficient ...

ICT sector helps Egypt grow 5.8% in first quarter

The 11.3 per cent growth achieved by the information and communications technology (ICT) sector helped Egypt grow 5.8 per ...

Job creation Bahrain’stop priority

job creation in Bahrain is vital for its rapid economic growth and stability, said a senior official yesterday. Bahrain and the region should ...

Dubai International Financial Centre’s GDP grows 47.1%

The Dubai International Financial Centre (DIFC) recorded a strong economic performance in 2008, with its nominal Gross Domestic ...

30,000 IT jobs for Saudis over next five years

There will be 30,000 information technology (IT) jobs for Saudi nationals over the next five years, according to Dr. Abdul Rahman ...

Qatar investor buys Harrods, promises major upgrade and expansion

The investment arm of Qatar’s sovereign wealth fund has bought the world famous department store Harrods from Mohamed ...

Review of Oman Banking and Monetary Developments March 2010

Oman's gross domestic product (GDP) at current prices declined by 23.5 percent in 2009 in contrast to an increase of 43.9 percent ...

Bahrain’s GFH Q1 net loss narrows

Bahrain-based Gulf Finance House posted on Sunday an 80 percent decline in first-quarter losses on cost cuts, with revenue recovering from ...

Egypt inflation falls to 11.4pc over year

Egypt's annual urban inflation rate slid to 11.4 per cent in April, its third decline this year and its lowest since September, giving the central ...

Qatar to see current account surplus rise

Qatar is expected to have posted a smaller current account surplus in 2009 than previous years but it is likely to rebound this year ...

Bahrain tops GCC advertising spend in Q1

Bahrain has achieved the highest growth amongst the GCC countries in advertising expenditure for the first quarter of this year, reaching  ...

Oman March money supply, foreign assets up

Omani money supply increased for the fourth month in a row to 8.275bn rials ($21.5bn) in March, reflecting a similar growth with the central  ...
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