Sunday 23 July 2017
 
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2016

Oman’s non-oil exports drop to $6.2bn in 2016

Oman's non-oil exports declined to RO2.4 billion ($6.2 billion) in value in 2016, down from RO3 billion ($7.79 billion) a year earlier, a drop of 20.1 per cent, said a report quoting Central Bank of Oman (CBO) data. The slump

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Electric vehicles hit record 2m cars in 2016

The number of electric cars on the roads around the world rose to 2 million in 2016, following a year of strong growth in 2015, a report said. China remained the largest market in 2016, accounting for more than 40 per cent of the

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Electric vehicles hit record 2m cars in 2016

The number of electric cars on the roads around the world rose to 2 million in 2016, following a year of strong growth in 2015, a report said. China remained the largest market in 2016, accounting for more than 40 per cent of the

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UAE, Japan non-oil trade reaches $14.6bn in 2016

The non-oil trade between the UAE and Japan reached about $14.6 billion in 2016, and the countries are working continuously to strengthen their economic ties and common interests, according to a recent report. The UAE Ministry of

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Ducab sales up 10pc; exports rise 25pc in 2016

UAE-based Ducab, a leading manufacturer of high-quality cables and cabling products, has reported strong financial performance in 2016 with 10 per cent growth in sales volumes. The company expanded its export business by 25 per ce

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Emirates net profit plunges 70pc to $680.4m

The Emirates Group posted an Dh2.5 billion ($680.4 million) profit for the financial year ending 31 March 2017, down 70 per cent from last year’s record profit. The group’s revenue reached Dh94.7 billion ($25.7 billion

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Emirates net profit plunges 70pc to $680.4m

The Emirates Group posted an Dh2.5 billion ($680.4 million) profit for the financial year ending 31 March 2017, down 70 per cent from last year’s record profit. The group’s revenue reached Dh94.7 billion ($25.7 billion

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DMCC welcomes record-breaking 2,106 firms in 2016

Dubai Multi Commodities Centre (DMCC) welcomed a record-breaking 2,016 new member companies in 2016, an increase of 14 per cent on the previous year, and an average annual growth rate of 33 per cent over the last decade. DMCC is n

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Julphar reports $394m sales in 2016

UAE-based Julphar Gulf Pharmaceutical Industries, the largest generic pharmaceutical manufacturer in Middle East and North Africa (Mena), has revealed that it has closed the year 2016 with sales of Dh1.45 billion ($394.7 million).

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Qatar First Bank maintains assets value at $1.64bn

Qatar First Bank’s (QFB) total assets didn’t decline during 2016 despite the write-down of QFB’s investment book and closed at almost QR6 billion ($1.64 billion), mainly driven by the increase from financing assets, which incre

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