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The International Monetary Fund (IMF) is not concerned about Dubai’s ability to repay its estimated $48 billion of debt obligations, according to the director of its Middle East and Central Asia department.
FEATURED
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Hybrid cars are reaching the Gulf in limited numbers. But those who want to do their bit for the environment, or make a statement, will have to dig deep into their resources. -
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.
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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Drake & Scull Construction (DSC) the General Contracting Arm of Drake & Scull International PJSC (DSI) has announced that it has been awarded a SAR 1.725 billion (some $460 million) contract by Lamar Investment and Real Estate Development Co. to complete the Lamar Towers project in Jeddah, Saudi Arabia.
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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The International Monetary Fund (IMF) is not concerned about Dubai’s ability to repay its estimated $48 billion of debt obligations, according to the director of its Middle East and Central Asia department.
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.
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