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Chinese auto companies eye Saudi market

Chinese trucks will be seen in greater numbers in the days to come going by the deals some of the manufacturers have been striking, their manufacturers ...
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Dubai construction projects continue to feel effects of slowdown

With the latest real estate reports cautioning over-supply will place more pressure on the housing market, one might be forgiven for ...
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UAE economy to grow by 2.5 pct in 2010

The United Arab Emirates on Monday cut its growth forecast for this year, with Economy Minister Sultan bin Saeed al-Mansouri ...
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Dubai World creditor expects debt resolution soon

One of Dubai World's major creditors said Monday that restructuring talks with the debt-laden conglomerate are moving ahead ...
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Saudi’s Q1 construction spending at $5.6bn

Saudi Arabia awarded development contracts worth 20.9 billion riyals ($5.6bn) in the first quarter, down almost 50 per cent from ...
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Chevron and GreenGulf sign agreement to study solar energy in Qatar

Chevron Qatar Energy Technology, an affiliate of Chevron Corporation, and GreenGulf Inc., a Qatar-based renewable energy and ...
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Kuwait to invest $10.5 bln in oil over 5 years

Kuwait will invest around three billion dinars ($10.5 billion) in upstream developments over the next five years, a senior oil official ...
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Technology sector in Egypt aims to fly flag for innovation,

Egypt is looking to capitalize on the innovative opportunities that information and communications technology (ICT) offer rather than ...
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Emirates NBD launches Emirates Global Sukuk Fund

Emirates NBD announced today the launch of the Emirates Global Sukuk Fund. The fund will be managed by Emirates NBD ...
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Saudi Arabia to set up nuclear city

Saudi Arabia has decided to set up a nuclear city that would use atomic energy for peaceful purposes, especially in industry, ...
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Banks in Qatar profited from lending rates in ’09

The local banking sector marginally upped term lending rates and lowered deposit margins last year to help offset possible losses in the ...
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Oman reports 84 % drop in 2009 fiscal deficit

Oman reduced its forecast fiscal deficit by nearly 84 per cent in 2009 as the Gulf country spent less than the 2008 record expenditure ...
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