Tuesday 24 May 2016
 
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economy

Emirates 'considering a premium economy option'

Emirates president Sir Tim Clark has revealed that the airline is considering the addition of a premium economy option to some of its aircraft, said a report. Speaking at the launch of Emirates’ 2015/16 financial results, Cl

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UAE growth 'will pick up in medium term'

Economic growth in the UAE is expected to moderate in 2016 amid low oil prices, but will pick up over the medium-term with expected improvements in oil prices and increased investment ahead of the World Expo2020 hosted in Dubai, an IMF expert ha

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Public-private partnership 'key to Saudi vision'

Creating a successful partnership between private sector investors and the government will be the critical factor in shaping Saudi Arabia’s development over the coming five years, according to a new research report. Under th

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Public-private partnership 'key to Saudi vision'

Creating a successful partnership between private sector investors and the government will be the critical factor in shaping Saudi Arabia’s development over the coming five years, according to a new research report. Under th

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Dubai denies penalty for comments on economy

The Dubai Department of Economic Development (DED) in Dubai has clarified that there is no truth in rumours that individuals and companies are penalised for negative comments on the emirate's economic situation. "In respo

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Saudi reforms 'can make economy more dynamic'

A sweeping economic reform plan announced by Saudi Arabia on Monday pleased the financial markets and many analysts who felt the changes will make the economy more dynamic. Deputy Crown Prince Mohammed bin Salman promised to inves

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Saudis await new vision for future with hope

Saudi Arabians are anticipating with hope the release tomorrow (April 25) of a government plan to liberate the kingdom from its reliance on oil, which could solve deep-rooted problems but bring economic pain. Deputy Crown Prince M

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Saudi future won't depend on oil: top envoy

Saudi Arabia is rapidly moving towards a future where the kingdom's economy is not dependent on oil, said Saudi Ambassador to the United States Abdullah Al-Saud in an article. He detailed the extraordinary economic, social, an

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New Saudi measures to generate $100bn

New measures to raise revenue in Saudi Arabia will bring in at least an extra $100 billion a year by 2020, more than tripling non-oil income and balancing the budget, Deputy Crown Prince Mohammed bin Salman has said in an interview with

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Shrinking Saudi money supply points to slowing economy

Saudi Arabia's money supply shrank in February for the first time in more than a decade, central bank data showed on Tuesday, in a fresh sign the economy of the world's largest oil exporter is slowing sharply because of depressed oil pri

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