TOP STORIES
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Benchmark oil for June delivery gained 69 cents to close at $96.71 a barrel on the New York Mercantile Exchange.
FEATURED
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The UAE is increasingly becoming a preferred destination for foreign private capital as the country proved a safe haven for investors amid the political turmoil in the Arab world. -
Qatar’s banks’ credit is likely to grow by 14% to 17% year-on-year (y-o-y) in 2013, much lower than the average 27% expansion seen in the previous two years, according to a Barclays study. -
The UAE is expected to be the biggest spender in the GCC on home interiors and fit-outs, with an estimated $1.5 billion (Dh5.5 billion) budget in 2013 as the country’s residential market continues to grow.
Education, Training & Recruitment
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American University in Cairo initiated Li Masr project to combat illiteracy in underprivileged Cairo neighborhood, El Sayeda Zeinab.
Construction & Real Estate
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MENA real estate developers can prepare for the next property cycle by building key commercial capabilities and reconfiguring their market-facing approach.
IT & Telecom
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Optimus Technology and Telecommunications and Huawei Technologies announced their inaugural channel event in Dubai was a success with 34 partners attending the event.
Retail & Services
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Drake & Scull Construction has announced that it has been awarded a SAR 1.725 billion contract by Lamar Investment and Real Estate Development Co. to complete the Lamar Towers project in Jeddah.
Transport & Shipping
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Etihad Airways has plans to recruit more than 50 pilots from its partner airline, airberlin.
Banking & Finance
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Emirates NBD, a leading bank in the region, announced today the launch of RISE - a brand new initiative from the Business Banking division.
Economy & Trade
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Department of Economic Development hosted a seminar to create awareness among Emiratis working in the public and private sector using the 2013 EFQM Model.
Manufacturing & Industry
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Samsung Electronics has announced the launch of the NX300 – the new flagship model in its successful NX series – in the UAE.
Oil & Energy
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Benchmark oil for June delivery gained 69 cents to close at $96.71 a barrel on the New York Mercantile Exchange.
Tourism & Hospitality
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Ramada Downtown Dubai presented an award to Middle East Hotels Booking.com as the hotel’s top Online Travel Agent for 2012, during the Arabian Travel Market.