Thursday 29 January 2015
 
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economy

Abu Dhabi's assets will buffer impact of oil price drop

While the drop in oil prices will likely cause Abu Dhabi's economic growth to slow in 2015 and put an end to four consecutive years of double-digit fiscal surpluses, the emirate's sizeable stock of foreign assets will help cushion the im

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E-enabled services for citizens in focus at UAE series

Mohammed Bin Rashid School of Government (MBRSG), a research and teaching institution focusing on public policy in the Arab world, in conjunction with SAP, market and technology leaders in client/server enterprise application software, discussed

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Egypt growth to be ‘easily north of 4pc’ in 2014-15

Egypt can expect economic growth "easily north of 4 per cent" in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices, its finance minister said. Hany Dimian also tol

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Falling oil to cost GCC $300 billion this year

Losses from lower oil exports should sap up to $300 billion from economies of the Gulf Cooperation Council, the International Monetary Fund said on Wednesday. The losses are likely to reach 21 percentage points of gross domestic p

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Falling oil to cost GCC $300 billion this year

Losses from lower oil exports should sap up to $300 billion from economies of the Gulf Cooperation Council, the International Monetary Fund said on Wednesday. The losses are likely to reach 21 percentage points of gross domestic p

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Facebook adds $227 billion to global economy

With 1.35 billion users of its Internet social network, Facebook would rank as the world’s second-most populous nation if it were a country. While its users may populate only a virtual country, Facebook says it generates a l

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World economic growth 'to improve this year'

Developing countries should see an uptick in growth this year, said the World Bank Group's Global Economic Prospects (GEP) report. These countries will be boosted in part by soft oil prices, a stronger US economy, continued lo

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New strategy to bolster Bahrain's economy

Strengthening security, establishing a diverse economy and increasing productivity of the public sector have been outlined in the Bahrain government's action plan for the next four years. The blueprint comprises six core categ

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Saudi GDP improves in 2014 over oil sector growth

Saudi Arabia’s real GDP growth improved in 2014 as oil sector growth was higher than expected, while the non-oil sector continued its healthy expansion, a report said. November data showed a rebound in consumer spending comp

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Dubai to lift spending 9pc, end deficit in 2015 budget

Dubai would raise spending nine per cent in 2015 under a state budget approved by the emirate's ruler, designed to keep the economy growing strongly while eliminating its budget deficit, official news agency WAM reported on Saturday

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