TOP STORIES
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H1 advertising expenditure in GCC reaches $5.05bn, a 20% increase over last year. -
The Jordanian finance ministry said the Kingdom's budget deficit has fallen by more than half in the first seven months of this year compared to the same period last year. -
The Palestinian economy continued to perform "well below potential", according to UNCTAD´s 2010 report on assistance to the Palestinian people. -
According to the International Air Transport Association (IATA), Middle Eastern airlines saw an increase in demand of passengers by 16.8 percent in July year-on-year.
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The Ma'aden-Alcoa joint venture has selected Wagstaff, Inc.
AGRICULTURE
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The new Saudi development plan which extends to 2014 aims at reducing demand for water in the agricultural sector by an annual rate of around 3.7 per cent. -
Egypt's Minister of Social Solidarity, Dr. Ali Meselhi stated the rise in wheat prices in world markets will not affect the provision of subsidized bread to the Egyptian population. -
Government, businesses and home owners look to reduce their carbon footprint, save water and lower utility bills by switching to synthetic grass
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Over 62,000 litres of Jotafloor products used on the project
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MENA region experiencing phenomenal demand for waste water solutions
CONSTRUCTION & REAL ESTATE
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Earning per share increased to QR 1.63 compared to QR 1.43 per share for last year. -
Lusail Real Estate Development Company awards contract for more than 1,500 berths . -
Jadaf Dubai signed the second long-term ground development lease agreement (Musataha). -
Abu Dhabi Finance announced it has signed an agreement with Bloom Properties. -
ew store to mark company’s 10th retail facility in GCC.
IT & TELECOM
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Saudi Arabia Tops the World List as Most Likely to Own the 3D Experience. -
The Jordanian Company SSS Process specialized in providing e-government services and software solutions, began incorporating the 'C4 Sadad' solution in Ihsa and Taif Municipalities. -
Mass Downloading from Up and Coming Mobile Markets . -
Orascom Telecom Holding (OTH) HAS ANNOUNCED its first half 2010 consolidated results. -
The Russian company Vimpel.com has been holding negotiations to buy of the assets of companies owned by the Egyptian tycoon Naguib Sawiris.
RETAIL & SERVICES
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The Brazilian Fashion Footwear Brand continues to expand its footprint. -
Citizen’s first exclusive boutique in UAE at Lamcy Plaza commemorates brands’ 35th year in the Country. -
First store to open at Dandy Mega Mall . -
64 % increase in office space leased & 11 % in operating profits. -
The Saudi commercial markets have seen a three-fold rise in demand for goods in the days before the holy month of Ramadan, which started on Wednesday.
TRANSPORT
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CGC announced that it has allocated 50 extra buses to help meet the current demands for public transport services in Kuwait. -
Bombardier Aerospace announced today that Smart Aviation Company of Cairo, Egypt has signed a firm order to acquire two Q400 NextGen turboprop aircraft. -
Increasing lending facilities support growth as car loans account for up to 70 per cent of car sales. -
Al Jaber Aviation, AJA, received its first all new Airbus 318 Elite plus from Airbus. -
QAIA registered growth in July's traffic performance with 597,068 passengers.
BANKING & FINANCE
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FFA Private Bank has recently released a report entitled "The Lebanese Banking Sector 2009". -
DIFC updates the market on its performance in 2010 to date. -
IIB announced the third year consecutive dividend distribution to its investors in IIB Automotive Ltd . -
First managed funds with such diverse asset allocation to receive S&P fund rating in GCC. -
Abu Dhabi Commercial Bank PJSC ("ADCB") has closed its maiden bond issue in Malaysia.
ECONOMY & TRADE
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The trade volume between Egypt and the USA increased significantly and reached US$4.2 billion during the first half of 2010 compared to US$3.5 billion. -
ITFC Trade Finance Operations Helps Bolsters Intra-OIC Trade and Assists with Sustainable Economic Development in Order to Enhance the Welfare of Millions of Lives across the Muslim World. -
Overwhelming 67% of organisations in the MENA region likely to hire in a year’s time.
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The Saudi Council of Ministers on Monday passed the Ninth Five-Year Development Plan (2010-14), which has allocated SR1.44 trillion ($385 billion) -
Saudi investors intend to pump over the next five years US$1 billion dollars in new investments in several Yemeni cities.
INDUSTRY
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SABIC aannounced today that it has signed an agreement with Lurgi GmbH. -
Expansion will increase the company’s production capacity by 75%. -
Emirates Steel signed a US$ 1.1 billion, seven-year project financing agreement with a consortium of seven conventional banks. -
A new report by the Saudi Ministry of Trade and Industry has indicated that the actual production of local cement companies in Saudi Arabia declined during the first half of this year by 4 per cent. -
Agthia Group has signed a franchise agreement with Yoplait Group, France, for exclusive rights to manufacture and distribute fresh dairy products under the Yoplait brand, starting in UAE and expanding
OIL & ENERGY
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Agreement covers project planning, commissioning and long term maintenance management to maximize efficient operation at Vale’s iron ore and pellet plant and distribution center in Oman. -
Power and automation solutions for one of the region’s largest upstream oil and gas projects . -
Abu Dhabi Islamic Bank (ADIB) today announced that it has provided financing facilities to Al-Jaber Energy Services . -
Masharie LLC, the private equity investment arm of Dubai Investments PJSC, has announced the formation of a new joint venture company with Al Arif Investment. -
Energy-efficient ABB substations to power one of Raha Beach’s residential island apartments .
TOURISM
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“Sri Lanka emerging as a destination of choice for discerning Arab travellers” - Ms Al Mansoori . -
Construction continues on schedule on Saadiyat Island’s Cultural District as piling works for Guggenheim Abu Dhabi also commences. -
The assassination of a senior member of Hamas in one of the Emirate's leading five star hotels in January this year attracted global attention. -
The development benefits from strong institutional support under the patronage of Shehzada Shabbirbhai Saheb Nuruddin -
High-quality hotel services crucial to complement ongoing initiatives to expand existing tourism and hospitality infrastructure.
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