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GGC food consumption ‘to top 3pc growth’Food consumption in the GCC region will expand at a compound annual growth rate of 3.1 per cent, reaching 49.1 million metric tonnes by 2017 in line with the rapidly growing population and increase in foreign tourists, a report said. More… |
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Saudisation ‘will support economic growth’Saudisation will support economic growth and although the SR2,400 ($640) levy on foreign employees in excess of locals will cause short-term margin pressures, it will result in long-term gains, a report said. “We believe Sau More… |
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Top Spanish pharma makes Mideast forayCinfa, one of Spain’s leading pharmaceutical manufacturers, launched operations in the region via the burgeoning UAE market, at a ceremony in Dubai attended by the Spanish Ambassador to the UAE and health officials. “C More… |
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Population boom 'to spur ME growth'A population boom means a huge potential workforce for the Middle East, but only if governments invest in them, according to Institute of Chartered Accountants in England and Wales (ICAEW). In its latest quarterly report, the acco More… |
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Saudi under pressure to improve transport sectorWith economic growth forecast to have reached 5.3 per cent in 2012 and a population having grown at a CAGR of about three per cent between 2000 and 2011 Saudi Arabia is under unprecedented pressure to improve its transport infrastructure. More… |
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Saudi pharmaceutical market to reach $4.7bnThe pharmaceutical market of Saudi Arabia, one of the largest in the Middle East region, is forecast to expand by 4.7 per cent a year to reach $4.7 billion by 2016, a report said. The GCC States comprise a dynamic life sciences an More… |
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UAE lighting industry to grow by 15pc in 2014The UAE lighting industry is now worth $336 million and is estimated to grow by 15 per cent in 2014, said a study released ahead of a major industry event to be held in Dubai. Middle East Electricity exhibition taking place from Februar More… |
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Saudi bookstore Jarir plans expansion driveSaudi Arabia-based bookstore chain Jarir Marketing Company plans to expand the number of its stores by at least 70 per cent in the next five years to take advantage of the Gulf region's rapid population growth. The kingdom' More… |
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UAE sees big demand for quality healthcareAs the UAE’s population continues its upward trend due to its popularity among expatriates, a corresponding increase is being experienced in demand for quality healthcare services, according to an expert. This has motivated More… |
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Bahrain readies plan for pensionersA national strategy has been set up to help Bahrain cope with an explosion in its elderly population. According to UN figures, it is set to grow six-fold within the next four decades. The number of pensioners is expected to rise from 3.8 p More… |
