Monday 26 September 2016
 
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GDP

Egypt's current account deficit rises to $18.7bn

Egypt's current account deficit rose to $18.7 billion for the 2015-16 fiscal year that ended in June, from $12.1 billion last year, central bank data showed. Egypt's economy is struggling to recover after a mass uprising i

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Egypt's budget deficit rises to 11.2pc of GDP

Egypt's budget deficit widened to 11.2 per cent of gross domestic product in the first 11 months of the financial year, up from 10.8 percent a year earlier, the Finance Ministry said on Monday. In its monthly report, the minis

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Indian growth slows sharply in June quarter

India's economic growth slowed sharply in the June quarter, putting the government's target further out of reach and raising concerns that Asia's third-largest economy will create too few jobs for a burgeoning workforce.

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One in every 67 British a millionaire, says report

Every part of the UK is more prosperous than it was last year, with uplifts in either household wealth, GDP, household expenditure and earnings – and a decrease in unemployment, according to the second edition of the annual Barclays Prospe

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Ras Al Khaimah GDP tops $8bn

The gross domestic product (GDP) of the UAE emirate of Ras Al Khaimah is expected to have crossed Dh30 billion ($8.165 billion) during 2015, a senior official said. The statement by Dr Abdulrahman Mohammed Ali Al Shayeb Al Naqbi,

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Etihad, partners to pump $10.7bn into US economy

Etihad Aviation Group (EAG) and its equity partner airlines will support 108,000 jobs across the US in 2016 and make a $10.7 billion contribution to the national economy this year, according to a leading global consultancy. The Ab

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ME aviation sector pumps $157.2bn into region's GDP

Aviation is vital to the modern, globalised world, supporting millions of jobs and driving economic growth. The Middle East has seen impressive expansion in its aviation industry in recent years with air transport supporting 2.4 million jobs and

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UAE SME sector contributing 60pc of GDP

The  small and medium-sized enterprise (SME) industry in Middle East and North Africa (Mena) is becoming an increasingly important contributor to gross domestic product (GDP), with the SMEs in Egypt, Lebanon and UAE accounting for 80 per ce

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UAE SME sector contributing 60pc of GDP

The  small and medium-sized enterprise (SME) industry in Middle East and North Africa (Mena) is becoming an increasingly important contributor to gross domestic product (GDP), with the SMEs in Egypt, Lebanon and UAE accounting for 80 per ce

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Tourism contributes 5pc of Bahrain's GDP

Tourism continues to play a prime role in Bahrain's developemt as the sector directly contributes 5 per cent of the kingdom’s GDP, said a report stating data from a new whitepaper released by Bahrain Economic Development Board.

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