Thursday 23 October 2014
 
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growth

Saudi Arabia sees steady office rental growth

The office market in Saudi Arabia continued to witness solid growth in the third quarter with key cities Riyadh and Jeddah registering a steady rise in average rental rates, said a report. The average rentals in the Riyadh office market

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Oman's Sohar port competing for traffic with Gulf rivals

An advertisement by the highway outside Dubai's massive Jebel Ali Port tells firms they don't need to ship goods through the Strait of Hormuz, the traditional gateway to the Gulf. Instead they can have goods delivered to a port in Oman,

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UAE property market posts robust Q3 growth

The UAE real estate market has registered robust growth in the third quarter, thanks to the rapid population growth, the government’s globalization policies and improving income levels, said a report.   The dramatic inc

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Infosys in growth push as net profit hits $506m

India's second largest IT exporter Infosys wants to revive growth through automation and artificial intelligence, its chief executive said yesterday, boosting investors' confidence in the company after it posted a forecast-beating quarte

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IMF cuts Mideast growth forecasts

The International Monetary Fund (IMF) cut its economic growth forecasts for many countries in the Middle East, citing the impact of political unrest as well as a weaker global outlook. Output in the Middle East, North Africa, Afgh

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IMF cuts Mideast growth forecasts

The International Monetary Fund (IMF) cut its economic growth forecasts for many countries in the Middle East, citing the impact of political unrest as well as a weaker global outlook. Output in the Middle East, North Africa, Afgh

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Abu Dhabi residential market posts solid Q3 growth

The residential market in Abu Dhabi, UAE,  witnessed solid growth in the third quarter driven by positive investor sentiment and population growth and potential future under-supply, said a report. The sales prices for both apartmen

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Strong growth forecast in GCC, despite unrest

Growth is forecast to be strong in Bahrain and other GCC countries, despite unrest in the region, said the International Monetary Fund (IMF). In its semi-annual World Economic Outlook released yesterday (October 7), the IMF said t

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Gulf states urged to diversify economies

GCC states have been urged by an International Monetary Fund working paper to create a dynamic non-oil tradable sector to support sustainable growth. The paper 'Soaring of the Gulf Falcons: Diversification in the GCC Oil Expor

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Mideast airlines' traffic grows 11pc in August

Middle Eastern carriers had the strongest year-on-year traffic growth in August at 11.7 per cent as the airlines continued to benefit from the strength of regional economies and solid growth in business-related premium travel, according to the l

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