Wednesday, March 18, 2015

GCC money reserves exceed $2 trillion, Oman logistics and tourism ripe for investment

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Finance and Economy
Lebanese banking sector maintains high financial performance
Customer deposits rose by 6.9 per cent between January 2014 and January 2015, according to a report released by Bank Audi.
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GCC's money reserves exceed $2 trillion
Reserves are expected to enhance sustainable development plans in the region, Qatari Finance Minister Ali Al Emadi says.
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China-Saudi Arabia trade hits $71 billion
There are 88 joint projects between Saudi Arabia and China with a capital of $537 million, says the kingdom's finance minister.
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Energy
Kuwait oil revenues dives $20 billion in 11 months
The ministry reveals on its Twitter account that the country's crude oil revenues suffered a major slump.
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Dubai outlines renewable energy drive
Green Energy Conference highlighted the urgency and vision in creating sustainable energy solutions in the emirate.
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ADGAS signs $491m EPC contract
The Integrated Gas Development expansion project's total duration is 40 months and forecasted to be completed by June 2018.
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Real Estate
Trump PRVT Mansions launched at AKOYA by DAMAC
A very exclusive living set within a private, gated community overlooking the Trump International Golf Club, Dubai.
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Rents in Doha likely to remain at 2014 levels - DTZ Qatar
Ghanem Al Thani Holdings building will definitely improve quality of office stock in central Doha, says DTZ Qatar.
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     News
Egypt gets ready for a corporate makeover
Besides the rich Gulf States, international companies too have seen the Sharm El Sheikh summit as an opportunity to healthy investments.
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Oman logistics and tourism ripe for investment
A broad range of investment opportunities emerging in Oman against a backdrop of steady, economic growth.
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GMC reports 11 per cent sales increase in KSA
Triple digit growth in Sierra pickup, meanwhile there is a 98 per cent growth in Yukon XL SUV.
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UAE's industrial investment grows to AED125 billion
The industrial segment is one of the main sectors that contribute to the GDP by more than nine per cent.
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