Sunday 7 February 2016
 
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Middle East

Firms losing millions due to poor project management

Organisations around the world waste an average of $122 million for every $1 billion spent on projects as a result of poor project management practices, said a report. This represents an increase of 12 per cent over last year, sta

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Firms losing millions due to poor project management

Organisations around the world waste an average of $122 million for every $1 billion spent on projects as a result of poor project management practices, said a report. This represents an increase of 12 per cent over last year, sta

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Wars, cheap oil hurting Middle East growth

The World Bank said that 2015 economic growth in the Middle East and North Africa likely came to just 2.6 per cent, falling short of a 2.8 per cent forecast in October as war, terrorism and cheap oil took their toll.  

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Mövenpick hotel portfolio grows 15pc in 2015

The year 2015 ended on a high note for Mövenpick Hotels & Resorts, with new properties signed across the Middle East and Africa, Asia Pacific and Europe, expanding its portfolio by 15 per cent. The Swiss hospitality firm,

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Engineering experts discuss BIM role in Mena projects

Leading engineering experts discussed the use of building information modelling (BIM) technology in improving architectural and construction capabilities in the Middle East and North Africa (Mena) region at key seminar hosted by Mercury Mena, an

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ME forges ahead with $352bn railway projects

A total of 16 major railway projects worth a whopping $352 billion are currently under way in the Middle East as the region forges ahead with its plans to set up a strong passenger and freight transport network, said a report released ahead of a

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Bahrain forum gathers ME insurance powerhouses

Insurance leaders from across the Middle East gathered today (February 2) at the 12th annual Middle East Insurance Forum (MEIF) in the Gulf Hotel Bahrain.    With the strategic support of the Central Bank of

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Arcadis names new ME chief executive

Arcadis, a leading global design and consultancy firm for natural and built assets, said it has appointed Graham Reid, currently the company’s global design director, as the new chief executive for the Middle East region. Re

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UK's John Lewis to enter ME with Dubai tie-up

John Lewis, Britain's largest department store group, is to enter the Middle East market, opening an outlet in Dubai next year as it steps up the pace of global expansion. The employee-owned firm said on Monday the 15,000-sq-f

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Mideast funds eye rebuilding equities positions

Many Middle East fund managers expect to start rebuilding their regional equities holdings in the next few months and have become less bearish towards bonds, a monthly Reuters survey shows. The survey of 14 leading fund managers,

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