Saturday 27 May 2017
 
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economy

Saudi 'making good progress in boosting private sector'

Saudi Arabia is making good progress in identifying and reducing obstacles to private sector growth and a large, sustained fiscal adjustment is needed to achieve budget balance over the medium term, an IMF report said.   

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UAE economic growth set to rebound: IMF

The UAE is adjusting well to the new oil market realities and the country's economic growth is set to rebound, said an International Monetary Fund (IMF) mission. The IMF mission, led by Natalia Tamirisa, visited the UAE from A

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African real estate is 'the new global economy driver'

Over the last few years, notably in the hotel, retail and residential sectors, Africa’s rapidly growing property markets have been attracting increased interest from international investors, developers and occupiers. In spit

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African real estate is 'the new global economy driver'

Over the last few years, notably in the hotel, retail and residential sectors, Africa’s rapidly growing property markets have been attracting increased interest from international investors, developers and occupiers. In spit

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Tourism will be a key pillar of Gulf economies: UrbaCon CEO

A leading Arab investor and economist has called for more investments in the tourism and travel market expecting it will provide major and significant revenue for the economy in the Gulf states in the coming years.   In a sta

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Populism across the West to drive GCC economy

As the rising tide of populism in the West erodes the foundations of the open market, the apparent retreat from globalisation may result in the GCC’s capital markets gaining huge momentum for growth, said an industry expert.

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Mena region set for 2.6pc economic growth in 2017

Plagued by war, violence, and low oil prices, economies in the Middle East and North Africa (Mena) region will see growth of 2.6 per cent in 2017, down from 3.5 per cent in 2016, according to the World Bank’s semi-annual Mena Economic Moni

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UAE ranked top economy for tourism in Mena

The UAE has been named the most competitive economy for travel and tourism in the Middle East and North Africa, according to a new report from the World Economic Forum (WEF). The UAE, which welcomed 14.4 million international visi

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Recaro to supply Economy Class seats for Gulf Air's new fleet

Gulf Air, Bahrain’s national carrier, has appointed German aircraft manufacturer Recaro Aircraft Seating to supply Recaro CL3710 economy class aircraft seats for the airline’s 10 new Boeing 787-9 aircraft and 29 Airbus 320/321neo air

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Ras Al Khaimah real estate sector sees big growth

The real estate sector in Ras Al-Khaimah has expanded considerably over the last few years with the investment increasing from Dh3.40 billion ($925.97 million) in 2011 to Dh4.95 billion ($1.35 billion) in 2015. The growth amounted

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