Friday 23 February 2018
 
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GCC construction market 'witnessing solid growth'

The GCC region's construction sector boasts a robust pipeline of projects currently in the planning stages, thus indicating there is still demand for construction projects, said a report by leading consultancy and advisory firm Deloitte.

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Saudi hospitality sector to grow 13.5pc

According to a new report, recent reforms in Saudi Arabia – not to mention widespread investment in the kingdom’s burgeoning tourism industry – will drive a hospitality growth of 13.5 per cent compound annual growth rate (CAGR)

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Dubai luxury spa market set for major growth

The number of five-star hotel spas in Dubai is on track to increase by a compound annual growth rate of 11 per cent to 2021, according to data released by Colliers International. According to the report, Spa and Wellness Travel -

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F&B industry to see strong growth in MEA

The Middle East and Africa (MEA) will deliver the strongest regional growth for the international food and beverage (f&b) industry, with Asia Pacific also holding ‘enticing’ prospects, according to the newly-released Gulfood Glob

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Saudi industrial boilers market eyes 5pc revenue growth

Saudi Arabia's industrial boilers market revenues are projected to grow at a CAGR (compound annual growth rate) of 5 per cent over the next six years, said a report.   The rapid industrialisation as well as i

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RAK Properties 2017 net profit surges 10pc

Leading property development firm RAK Properties said its net profit for the full fiscal year of 2017  surged 10 per cent to Dh192 million ($52.2 million) compared to Dh175 million the previous year. Announcing its financial

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Nezo unveils new brand identity, growth plans

Nezo, a leading retail salt brand of AkzoNobel Specialty Chemicals, has unveiled a new brand identity and further plans for growth in the Middle East. Nezo is sourced in Netherlands and Denmark from underground deposits created mi

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Emaar profits hit $1.8bn in 2017

Dubai-based Emaar Properties made $1.8 billion in profit and close to $5 billion in sales in 2017, Mohamed Alabbar, chairman of the listed developer said.   The figure is an increase on the $1.43 billion profits

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UAE-India route to be among top travel segments by 2036

India is set to become one of the world's three fastest growing air transport markets by 2036, and flights between India and the UAE will make the country pair the fastest growing travel segment in the industry, a report revealed.

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Gulf Stevedoring posts strong growth at Jubail terminal

Gulf Stevedoring (GSCCO), part of the Gulftainer group of companies, has recorded a strong performance at the Jubail Container Terminal (JCT) in Saudi Arabia, registering a container volume of over 680,000 twenty-foot equivalent units (TEUs) in

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