Tuesday 2 September 2014
 
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Travel searches soar in Mideast during Ramadan

Wego, a leading travel search site in the Middle East and Asia Pacific, has recorded a surge in site visits, searches and revenue during this year’s Ramadan, the highest since establishing its regional office in Dubai last year.

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Morgan Stanley's income soars to $1.86bn

Morgan Stanley's second-quarter income more than doubled, helped by rising revenue in its retail brokerage business as it won more assets to manage from clients without adding brokers, the investment bank said yesterday.  

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UAE stock market surges on Arabtec hopes

Dubai builder Arabtec's shares soared on Wednesday (July 2) ahead of the company's first news conference since last month's management reshuffle, helping markets in the UAE rally strongly for a second

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CEO confidence soars in UAE

The confidence among CEOs in the UAE climbed 3.1 points to 70.6 in the last quarter of 2013, according to a sentiment index. The YPO Global Pulse sentiment index pointed out that it was at par with Saudi Arabia (71.8), and above t

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Job seeker numbers to jump to 95m by 2030

The number of job seekers in the Arab world is projected to soar to 95 million by 2030 from the current 55 million, said a report. Fighting unemployment, development of human capital and preparing administrative leaders have becom

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Zain soars on stake sale optimism

Kuwait's Zain climbed to a five-week high on Thursday on talk the telecom firm was closer to a $950 million sale of its stake in Zain Saudi , as regional bourses ended mixed amid uncertainty in global markets. Zain climbed to at its highes

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Jordan bank deposit soars to $28bn

Deposits in Jordan's banking sector rose by 11 per cent in December against the same period in 2008 to 20.1 billion dinars ($28.3 billion) with strong inflows into the local currency assets, central bank data showed on Friday. Private

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UAE prices soar after four-month fall

United Arab Emirates consumer prices rose in November year-on-year, the first time in four months, though analysts said a weak property market is expected to cool sharper rises going forward. The global financial crisis ended an oil and re

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Zain sees revenue hit $7.2bn

Telecom giant Zain expects revenue of $7.2 billion and earnings before interest, taxes, depreciation and amortisation (Ebitda) of $3 billion this year, its chief executive said. ’We have targeted revenues of $7.2 billion this year an

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Expats rush to buy Dubai properties

An increasing number of UAE residents are opting to buy property as soaring rental prices are prompting them to seek alternative housing arrangements, says a top executive. "Given the steady increase in UAE rental prices over the past few

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