Friday 25 April 2014
 
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growth

Oman expects 5pc growth with steady oil prices

Oman's economy should grow 4 to 5 percent this year, underpinned by stable oil prices and the billions of dollars spent on major projects in the past two years, the head of the country's central bank said on Tuesday. Oman

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Robust growth across GCC forecast

Economic growth remains robust across the Gulf Cooperation Council (GCC) states with Qatar’s economy being predicted to grow by 6 per cent, EY’s latest Rapid-Growth Markets (RGM) Forecast said. The report said Saudi Ar

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UAE real estate now a strong seller's market

Real estate in the UAE is becoming more expensive with every passing quarter and the sector continues to show signs of a strong seller’s market, according to a study by Bayut.com. As the cities grow outwards, secondary areas

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Qatar GDP may hit $230bn this year

Qatar's gross domestic product (GDP) is expected to touch $230 billion in the current fiscal as the country is expected to achieve a 6-7 percent growth rate for 2014-15, a report said. Qatar has the potential to emerge as the

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World economy on steady course: poll

The world economy can expect steady growth at best over the coming year, but any rapid slowdown in China as it tries to rebalance its economy could upset the still-unsteady progress, Reuters polls showed. Growth in the US, the wor

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Summit to focus on UAE’s green initiatives

The UAE Ministry of Environment and Water will playing a key role at the 16th Water, Energy, Technology and Environment Exhibition (WETEX 2014) where the focus will be on ‘UAE Green Growth Strategy.’ The ministry's

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Good growth seen in UAE, Saudi Arabia

The UAE and Saudi Arabia are expected to enjoy good economic growth this year, according to a Crédit Agricole Private Banking research report. The ‘Macro Comment – Eastern Promises: Mena Update’ said Arab

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Entrepreneurs pillars of growth: expert

Entrepreneurs are the pillar of economic growth and play a cruicial role in investment opportunities creation in the GCC region, said a senior executive.   Speaking at the CFA Institute’s ‘Middle East

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GCC banks back on double digit growth path

The banking industry in the Middle East returned to double digit revenue growth in 2013 with a 10.7 per cent increase, stemming largely from international acquisitions, according to a recent study. Middle East banking revenues con

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Rich nations propelling global growth: IMF

The International Monetary Fund on Tuesday predicted the global recovery would strengthen this year and next as output in richer nations picked up, but it warned of rising risks in emerging economies. In its latest global economic

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