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Tag Archives: Gulf

Oman Economy to See Higher GDP in 2018

By: Ahmad Abu el-Hamd Financial experts in Oman have welcomed the projected growth Oman is expected to see in 2018. A combination of a prudent budget, fiscal discipline and structural reforms, together with a growing tourism sector and connected projects, sees an economic forecast that will register a high GDP …

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DFM rises in this week’s early trades

Dubai – The Dubai Financial Market (DFM) saw a positive performance in Sunday’s early trades, backed by the rise of four sectors topped by the banks and transportation. The DFMGI rose 0.02% or 0.66 points to reach 3,624.35 points by 10:08am UAE time. The insurance sector topped gainers with a …

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Saudi non-oil business grows further in January

Growth in Saudi Arabia’s non-oil private sector improved further at the beginning of 2017, rising to the highest level in 17 months in January. The latest upturn is mainly attributed to a “sharp” rise in output and new business, amid data of improved client demand across foreign markets, according to …

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King Salman’s official visit to Egypt

A huge joint EGP 10bn poultry project in Sinai  Establishing a dry port in Ismailia with EGP 1.5bn investments   Throughout history, the Saudi monarchy has had close ties with Egypt   By Rania Imam Saudi Monarch Salman bin Abd el-Aziz lands in Cairo tomorrow, Thursday, in his first official visit …

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Few sessions and positive performance in Arab markets

    By Hayat Hussein “Emaar Properties” led the decline in Dubai stocks after a fire ripped “Adress” hotel  Arab stocks absorbed the chock of Saudi budget and its performance was positive in general last days. The number of sessions was few as most Arab bourses closed on celebrating New …

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Gulf Capital SME Awards were announced

By Angy Essam This year’s winners of the annual Gulf Capital SME Awards have been revealed. Leading the roster of winners is Asis Boats, which received the highly-coveted Gulf Capital Business of the Year Award, while its founder Roy Nouhra was named Entrepreneur of the Year. Asis Boats makes vessels …

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MEObserver news

New Karnak, duty free outlets at Cairo Airport Safwat Musallem, the board chairman of EgyptAir for tourism (karnak) and duty free shops, said the company has successfully completed the pilgrimage season this year with 350 pilgrims who travelled to the holy lands through the company which also organized the state’s …

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LE500mn Cairo investment fund in health sector

by Mahmoud Hammad Ahmed Al-Zahar, the general manager of the investment bank sector in Cairo Company for Financial Investments, revealed that the company is considering the launch of an investment fund in the health sector with a capital of  LE500 million during the coming six months, with Egyptian and Arab …

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