Wednesday 24 September 2014
 
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Egypt targets 11pc budget deficit in fiscal 2014/15

Egypt is targeting a budget deficit of around 11 per cent for the fiscal year that began in July and aims to boost economic growth to 5-6 per cent within three years, Finance Minister Hani Dimian told a conference on Tuesday. Poli

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Egypt targets 11pc budget deficit in fiscal 2014/15

Egypt is targeting a budget deficit of around 11 per cent for the fiscal year that began in July and aims to boost economic growth to 5-6 per cent within three years, Finance Minister Hani Dimian told a conference on Tuesday. Poli

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Bahrain GDP grows 5.6pc in Q2

Bahrain's economic growth has risen during the second quarter of this year by 5.6 per cent at constant prices and 7 per cent at current prices compared to the same quarter of 2013, a top government official said. "Bahraini econ

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Lebanon sees 1.5-2pc GDP growth despite Syria crisis

Lebanon's economy is expected to grow 1.5 to 2 per cent and inflation is not expected to exceed 4 per cent in the year 2014, despite the fall-out from the war in neighbouring Syria, the central bank governor said on Monday. Le

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Gap seen between social progress and GDP in Mena

Many resource-rich countries in the region do not perform as well on social and environmental indicators when compared to countries of similar per capital wealth which are not dependent on natural resources, said an expert. &ldquo

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US economy back on track with strong Q2 rebound

The US economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing. Gross domestic product expanded at a 4.0 per cent annua

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Qatar GDP growth rebounds to 6.2pc in Q1

Qatar's economic growth rebounded to 6.2 per cent on an annual basis in January-March after a slowdown in the final quarter of 2013 as a double-digit surge in construction activity helped offset a decline in hydrocarbons, data showed on Mond

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Bahrain’s non-oil sector growth likely to hit 4.4pc

While Bahrain’s real GDP growth reached 5.3 per cent last year, the rate of growth of the non-oil economy is expected to accelerate from 3 per cent last year to roughly 4.4 per cent this year, a report said. The relative sta

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Bahrain's FDI heads for $1 billion, up 11pc

Bahrain last year saw foreign direct investment (FDI) of $989 million, an increase of 11 per cent from the 2012 level, outpacing global FDI flows which rose by 9 per cent, a report said. The United Nations Conference on Trade and

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Can new legislation boost SME growth in the UAE?

The recent approval by Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, of Federal Law No 2 of 2014 for Small and Medium-sized Enterprises (SME) is viewed by many as a positive step towards stimulation of the SME sector in the UAE.

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