Tuesday 27 June 2017
 
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economy

FTZ contributions to Islamic economy to reach $117bn

The contribution of free trade zones to the Islamic economy globally is set to double to $117 billion by 2021, according to a recent report by researchers Salaam Gateway. The UAE’s free trade zones are using advanced informa

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Etihad offers one-night free accommodation in Abu Dhabi

Etihad Airways will offer one night’s free accommodation at the Radisson Blu hotel on Abu Dhabi’s Yas Island to all guests travelling in Economy Class from the Middle East, Africa and Pakistan, and stopping over in the national capit

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Dubai makes big strides in key Islamic economy sectors

The Dubai Islamic Economy Development Centre (DIEDC) has announced that remarkable progress has been achieved in three strategic sectors of Islamic economy – Islamic finance, halal trade and industry, and Islamic lifestyle in the emirate.

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Saudi 'making good progress in boosting private sector'

Saudi Arabia is making good progress in identifying and reducing obstacles to private sector growth and a large, sustained fiscal adjustment is needed to achieve budget balance over the medium term, an IMF report said.   

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UAE economic growth set to rebound: IMF

The UAE is adjusting well to the new oil market realities and the country's economic growth is set to rebound, said an International Monetary Fund (IMF) mission. The IMF mission, led by Natalia Tamirisa, visited the UAE from A

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African real estate is 'the new global economy driver'

Over the last few years, notably in the hotel, retail and residential sectors, Africa’s rapidly growing property markets have been attracting increased interest from international investors, developers and occupiers. In spit

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African real estate is 'the new global economy driver'

Over the last few years, notably in the hotel, retail and residential sectors, Africa’s rapidly growing property markets have been attracting increased interest from international investors, developers and occupiers. In spit

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Tourism will be a key pillar of Gulf economies: UrbaCon CEO

A leading Arab investor and economist has called for more investments in the tourism and travel market expecting it will provide major and significant revenue for the economy in the Gulf states in the coming years.   In a sta

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Populism across the West to drive GCC economy

As the rising tide of populism in the West erodes the foundations of the open market, the apparent retreat from globalisation may result in the GCC’s capital markets gaining huge momentum for growth, said an industry expert.

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Mena region set for 2.6pc economic growth in 2017

Plagued by war, violence, and low oil prices, economies in the Middle East and North Africa (Mena) region will see growth of 2.6 per cent in 2017, down from 3.5 per cent in 2016, according to the World Bank’s semi-annual Mena Economic Moni

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