Wednesday 18 January 2017
 
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2016

QNB Group net profit hits $3.4 billion in 2016

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, has posted a net profit reached QR12.4 billion ($3.4billion) for 2016, up by 10 per cent from last year. Total assets reachedQR720 billion ($

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Volkswagen 2016 sales top 10m vehicles

The Volkswagen Group delivered 10.3 million vehicles to customers worldwide last year, a rise of 3.8 per cent compared with the prior-year figure. Deliveries in December rose by 11.8 per cent to 933,300 vehicles. Ma

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Volkswagen 2016 sales top 10m vehicles

The Volkswagen Group delivered 10.3 million vehicles to customers worldwide last year, a rise of 3.8 per cent compared with the prior-year figure. Deliveries in December rose by 11.8 per cent to 933,300 vehicles. Ma

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Dubai private sector ends 2016 on strong note

Dubai’s private sector economy saw a robust improvement in business conditions during December, underpinned by faster rates of output and new order growth, according to the Emirates NBD Dubai Economy Tracker. The seasonally

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Boeing deliveries to ME carriers up 15pc in 2016

Boeing delivered a total of 60 commercial aircraft to Middle Eastern carriers in 2016, as against 52 in the previous year, marking a rise of 15.3 per cent, with Emirates heading the list having received 16 planes, the US manufacturer said.

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Dubai Health sees over 1.1m patients in 2016

More than 1.1 million patients visited the Dubai Health Authority (DHA) hospitals and medical centres in 2016, revealed Dr Ahmad Bin Kalban, CEO of Hospital Services Sector at DHA. Bin Kalban said that Dubai and Rashid hospitals h

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PwC Middle East posts 14pc growth for FY16

PwC Middle East, a leading professional services firm, has posted a 14 per cent rise in its revenues for its 2016 fiscal year in its first Middle East Annual Review. All of its core businesses – assurance, tax & legal, d

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Top professionals attend Bahrain chemicals event

Top local and international scientists and professionals are  attending a major chemical industry conference in Bahrain. The 10th International Conference and Exhibition on Chemistry in Industry (ChemIndix 2016), which opened

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New investment deals for Oman Logistics hub

Oman Logistics Company, a wholly government-owned entity, has signed several deals making further headway in the development of a logistics hub in South Al Batinah Governorate, said a report. Contracts have been signed with a numb

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Sezad secures over $2bn investments in 2016

Several local and foreign private sector companies signed land usufruct agreements to set up a number of projects worth more than RO800 million ($2.07 billion) in 2016 at Oman’s Special Economic Zone Authority in Duqm (Sezad), said a repor

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