Monday , 22 January 2018

Business

UAE economic growth to stay resilient

Non-oil growth in the UAE will remain resilient in 2017 while in the medium term, while economic activity will strengthen on the back of firmer oil prices and a rebound in global trade, the World Bank said on Thursday. While an Opec-mandated oil production cut restricts oil growth, firmer oil prices, a rebound in global trade and easing of fiscal …

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The International Islamic Trade Finance Corporation (ITFC), and the National Company of Transports and Logistics, SNTL, Morocco, Launch a Study to Bridge the Gap between Morocco and Africa

This signing is under the umbrella of the AfTIAS, but is also at the core mandate of the Arab Africa Trade Bridges (AATB) Program, which is created for bridging the trade gaps between the Arab and African countries The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, signed a partnership agreement with the …

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Small change: Dubai, Saudi in push to help support SMEs

Small and medium-sized enterprises are the backbone of all economies in the Middle East. According to a report by Dubai SME, these businesses are described as the “anchors of any economy” and represent 95 percent of companies in the emirate of Dubai, account for 42 percent of the workforce and contribute around 40 percent to the total value of the …

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Egypt strong, Saudi bolstered by $12.5bln sovereign bond issue

Egypt’s stock index climbed on Thursday ahead of a central bank meeting on monetary policy later in the day, while the banking sector helped carry the Saudi index higher after news that the government had priced a $12.5 billion international bond issue. The Egyptian central bank was likely to keep key interest rates unchanged at its meeting, a Reuters poll …

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North Africa set to adopt five-year plan to boost youth employment: ILO

The United Nations labour agency has warned that countries in North Africa need to adopt a broader, more concerted response to tackle the crisis of youth unemployment, with the youth unemployment rate now standing at 28.8 percent, twice the global average. “Arguably, the single biggest global development challenge in the decades to come will be the need to integrate hundreds …

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Egypt: The Economy Is Gathering Strength

Egypt launched a reform program when its economy faced rising imbalances that led to high public debt, a widening current account deficit, and declining official reserves. “The Egyptian authorities have embarked on an ambitious reform program and have taken decisive measures aimed at restoring macroeconomic stability and sustainable public finances. At the same time, by strengthening social protection measures, they …

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Exponential growth seen in GCC assets under management

Dubai is set to reinforce its status as the region’s leading financial hub with new legislation and regulation expected to attract inward investment as the GCC is forecast to see an exponential growth in assets under management to nearly $111 billion by 2020, a new study reveals. While fund managers in the UAE are expected to see their asset under …

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Jobs campaign boosts career opportunities for Saudis

The Kingdom’s drive to localize jobs has been ramped up; just go to various establishments and you will see that jobs previously employing expat workers are now being held by Saudi nationals. But the Kingdom does not stop there as it continues to look for ways and means to generate employment opportunities for the increasing Saudi population. The Ministry of …

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Plans moving forward for the European Union’s ‘House of Europe’ in Dubai

Plans to build a commercial property in Dubai for the European Union (EU) are currently underway with a construction tender expected next year, the project’s developer, Kleindienst Group, has said. The venture, currently awaiting building permission, is designed to be a ‘wood-only’ high-rise in the United Arab Emirates (UAE). Thomson Reuters Projects reported in July last year that Dubai-based developer …

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Several billions of US dollars in investments announced during the Morocco – Gabon 2017 Forum

Two delegations of Moroccan businessmen are expected in Gabon within the next few weeks The Morocco – Gabon Forum which has just ended in Rabat was the occasion for the Moroccan companies and investors to announce their intention to invest several billions of US dollars in Gabon in the sectors of Infrastructures, the numerical Economy, Agro-industrial industry and the sanitary …

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