Tuesday 3 March 2015
 
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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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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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Abu Dhabi real estate market poised for solid growth

The real estate market in Abu Dhabi, UAE, has strengthened over the last two years with double-digit sales growth and is set to continue its rental growth across all sectors in an encouraging investment climate, said a report. Inv

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Tourism sector revenues in Bahrain hit $758m

Tourism sector in Bahrain saw remarkable growth last year, Industry and Commerce Minister Zayed Al Zayani announced yesterday (February 15). The revenues reached BD288 million ($758.3 million), an increase of 17.4 per cent over th

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Abu Dhabi guest arrivals soar over 3.4m

Abu Dhabi’s hospitality sector witnessed a positive growth last year with guest arrivals reaching 3,494,063 – a year-on-year rise of 25 per cent. Guest nights climbed 19 per cent to reach 10,463,137. “The industry has

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GCC’s cloud market growth to hit $216m

The GCC’s tripling cloud market will drive the UAE’s innovation economy, according to comments stemming from a meeting between the chief executive officers of Mubadala and SAP. Frost & Sullivan has predicted the GC

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Egypt's reforms starting to spur turnaround: IMF

The International Monetary Fund said on Wednesday that Egypt's structural and monetary reforms were starting to produce a turnaround in the economy, which has been hit by persistent turmoil since 2011. The uprising that topple

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