Thursday 5 March 2015
 
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growth

UAE on ‘firm growth path driven by non-oil investments’

The UAE has been on a firm growth trajectory which has enabled the country to consolidate its position as the second largest Arab economy, propelled by non-oil related investments, continued buoyancy in trade and services, a a booming tourism in

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China signals 'new normal' with lower growth target

China announced an economic growth target for 2015 of around 7 per cent on Thursday and said it would boost government spending, signalling that the lowest rate of expansion for a quarter of a century is the "new normal" for the world&

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Saudi Arabia invests over $533bn in industries

Saudi Arabia’s industrial exports is set to grow by two to six per cent during the next five years, with over SR2 trillion ($533 billion) having been invested in industries across the kingdom, according to a report. Speaking

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New alternative growth role for Islamic finance

Islamic finance can play a central role in creating an alternative, more resilient economic and financial system, Central Bank of Bahrain Governor Rasheed Al Maraj has said. According to him, at its core, Islamic finance was based

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UAE industrial rents post solid growth

The industrial property sector in the UAE witnessed robust growth over the last 12 months, with the rents soaring to a new high largely due to limited, quality industrial accommodation, said a report. The emirate of Dubai continue

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UAE industrial rents post solid growth

The industrial property sector in the UAE witnessed robust growth over the last 12 months, with the rents soaring to a new high largely due to limited, quality industrial accommodation, said a report. The emirate of Dubai continue

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Bahrain stepping up effort to support SMEs

Bahrain is stepping up efforts to make small businesses a major contributor to its growth. Industry and Commerce Ministry said that small and medium enterprises' (SMEs) contribution to Bahrain GDP is 28 per cent and it has pla

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Oman's non-oil sector posts steady growth

The non-oil sector in Oman grew steadily by an average of 10.33 per cent annually over the 2010-2013 period mainly driven by the expansion under way in the sultanate's tourism industry, said an

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