Monday 26 January 2015
 
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growth

Dubai Islamic eyes 20pc loan growth in 2015

Dubai Islamic Bank (DIB) expects loan growth to moderate to between 15 and 20 per cent in 2015 and is also targeting a reduction in its ratio of bad loans, its chief executive said on Sunday. Adnan Chilwan was speaking to reporter

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Bank Dhofar mulls options for up to $300m capital raising

Bank Dhofar, Oman's third-largest lender by assets, plans to raise its capital by up to $300 million at the earliest opportunity, with a Tier 1 capital-boosting bond its preferred method, the bank said in a statement. It is th

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Rolls-Royce Bahrain achieves 50pc sales growth

Euro Motors, the sole authorised dealer of Rolls-Royce Motors Cars in Bahrain, has achieved a 50 per cent increase in sales of the ultra-luxury marque last year. The Middle East was the second largest market for Rolls-Royce Motor

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Saudi Q4 GDP growth lowest in over a year

Saudi Arabia's economic growth fell to its lowest level in more than a year in the fourth quarter of 2014, a sign that the plunge in oil prices may be causing growth to slow, data from the state statistics office showed on Wednesday.

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Saudi Q4 GDP growth lowest in over a year

Saudi Arabia's economic growth fell to its lowest level in more than a year in the fourth quarter of 2014, a sign that the plunge in oil prices may be causing growth to slow, data from the state statistics office showed on Wednesday.

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Qatar budget likely to be based on $45 oil

Qatar is expected to base its state budget for the fiscal year starting in April on an average oil price of $45 per barrel, down from $65 assumed in the current year's budget, a Qatari energy industry source told Reuters on Thursday.

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ABS Network records double digit growth

ABS Network, a leading provider of all broadcasting and production services in the Middle East and North Africa (Mena) region, has reported double digit year-on-year growth in its profits through last year. The company attributesd

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Saudi fit-outs market set for 7pc growth

Saudi Arabia, the region's biggest building interiors and fit-outs market, is poised to grow at the rate of seven per cent between 2014 and 2015, said the organisers of an industry event in the capital Riyadh. The kingdom's buil

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Bahrain's GDP to grow 3.6pc, despite lower oil revenues

Bahrain's economic growth will continue to remain robust with clear indications that infrastructure spending is significantly boosting non-oil sector momentum. According to the Economic Development Board (EDB), the kingdom'

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Saudi logistics sector to reach $17bn this year

Saudi Arabia’s logistics sector is poised to reach SR67.5 billion ($17.9 billion) this year, according to industry experts. The sector is reflective of the entire GCC’s flourishing industry, which is expected to achiev

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