Wednesday 27 July 2016
 
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economy

Etihad, partners to pump $10.7bn into US economy

Etihad Aviation Group (EAG) and its equity partner airlines will support 108,000 jobs across the US in 2016 and make a $10.7 billion contribution to the national economy this year, according to a leading global consultancy. The Ab

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Bahrain economy grows 4.5pc in Q1

Bahrain’s economic growth reached 4.5 per cent during the first quarter of the year, the kingdom’s highest level since 2014, led by the 12.1 per cent year-on-year growth in the oil sector, a report said. Nearly $4 bill

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Bahrain economy grows 4.5pc in Q1

Bahrain’s economic growth reached 4.5 per cent during the first quarter of the year, the kingdom’s highest level since 2014, led by the 12.1 per cent year-on-year growth in the oil sector, a report said. Nearly $4 bill

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Japan preparing $190bn stimulus: sources

The Japanese government is preparing a package of economic stimulus measures totaling $190 billion or more, though actual government spending is likely to be less than half that amount, sources involved in the process said on Thursday.

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ME aviation sector pumps $157.2bn into region's GDP

Aviation is vital to the modern, globalised world, supporting millions of jobs and driving economic growth. The Middle East has seen impressive expansion in its aviation industry in recent years with air transport supporting 2.4 million jobs and

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Next 3 years critical to business, say global CEOs

While 72 per cent of chief executive officers (CEOs) believe the next three years will be more critical to their industry than the previous 50, they are confident in their company’s growth prospects, a report said. Further f

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UAE MoE inspects Sahara Mall Spinneys outlet

The UAE’s ministry of economy (MoE) recently conducted an inspection of supermarket chain Spinneys’ Sahara Mall outlet in Sharjah, as part of its ongoing Ramadan market inspection programme. The inspection was done in cooper

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California tops France as world's 6th largest economy

California is now the sixth largest economy in the world, surpassing France thanks to a robust state economy and the strength of the US dollar. California was the world's eighth-largest economy as of last year, according to Ir

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MoE inspects prices at Fujairah market

The UAE’s Ministry of Economy (MoE) recently conducted an inspection of the central market in Fujairah as part of a month-long effort to monitor UAE markets during Ramadan. Dr Hashim Al Nuaimi, director of the ministry’s con

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Oil prices slip under pressure of economic worries

Oil prices fell on Monday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the US dollar, which makes fuel imports for countries using other currencies more expensive. The softening come

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