Friday 22 August 2014
 
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Saudis propose 10pc foreign ownership cap for bourse

Saudi Arabia's stock market regulator proposed rules on Thursday for opening the $580 billion market to direct investment by foreign institutions, including a 10 per cent cap on foreign ownership of the market's value. Amo

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Industrial services revenue to hit $818m

The industrial services market has earned revenues of $549.3 million in 2013 and is estimated to reach $818.5 million in 2018, at a growth rate of 8.3 per cent per annum, according to a recent analysis. The new analysis from Frost

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Taysir, NileIT in mobile payment solutions deal

Taysir Holding and NileIT have signed a deal to offer mobile payment solutions within Egypt and various foreign markets. The strategic partnership will support Taysir Holding’s mission o introduce the Mobile Payment Solution

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Toyota gains up 4pc, US market drives profits

Toyota Motor’s reliance on the US market to drive record profits is deepening this year, its latest outlook showed, with strong sales of refurbished SUVs and Camry sedans expected to offset weakness in Thailand and other emerging markets.

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Turkish property market sees 60pc sales rise

The Turkish property market recorded a 60 per cent increase in year-on-year sales to foreigners in Turkey during the first six months of the year, totalling to more than 8,500 property purchases, said a report. Istanbul alone recorded a

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Hotel occupancy rises to 64.6pc in H1

The Middle East and Africa region has reported a one per cent increase in hotel room occupancy to 64.6pc in the first half of the year, according to an STR Global report. The June results pointed out that the average daily rate (ADR) in

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Asry's rig division eyes opportunities

Ship and rig repair yard Asry's offshore rig repair division is preparing for a possible market surge, chief executive Nils Kristian Berge has said.   He highlighted the

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Dubai office rents continue to rise: CBRE

Dubai’s office rents are continuing to rise due to the growing economy and increasing business confidence, according to a CBRE report.   The Q2 2013 Dubai Market View b

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Reforming Egypt's black market - high hurdles, big rewards

The economist behind a plan to unlock at least $380 billion worth of assets from Egypt's black market says President Abdel Fattah Al-Sisi must first restore another asset that has depreciated over the years:

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Qatar's retail market hits $8bn mark

Qatar’s retail market has hit QR32 billion ($8.9 billion) mark, as a result of growing demand and higher purchasing power of people, said a report.   The sector is expe

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