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Dubai's non-oil economic growth slows in December

Dubai's non-oil economic growth slows in December

Non-oil private sector private sector growth in Dubai eased in December, even as it continued to rise at a strong overall pace, according to new data from the Emirates NBD Dubai Economy Tracker Index.

Despite the growth, the statistics show that new business increased at the second-slowest rate in more than two years, with inflationary pressures

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Azizi Developments eyeing 'iconic' projects in Europe, Canada, Saudi Arabia

Azizi Developments eyeing 'iconic' projects in Europe, Canada, Saudi Arabia

Dubai-based Azizi Developments is currently exploring opportunities in “iconic” developments in markets including Saudi Arabia, Germany, the UK and Canada, according to company CEO Farhad Azizi.

In an interview with Arabian Business, Azizi said he spent much of 2018 traveling to a number of different countries to examine potential opportunities

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Al Habtoor Group says not involved in India hotel acquisition

Al Habtoor Group says not involved in India hotel acquisition

Various media reports incorrectly linked Al Habtoor Group to Al Habtoor Trading Enterprises and owner Rashid Al Habtoor

Leela Palace Kempinski, Bangalore, India ... Indian media reported that Al Habtoor Trading Enterprises has made an offer of $600 million in capital infusion for the debt-ridden Hotel Lela venture.

Dubai-based Al Habtoor Group is

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Gulf banks set to continue merger trend, says Moody's

Gulf banks set to continue merger trend, says Moody's

A wave of mergers and acquisition activity among banks in the GCC will ultimately beneficial for the region’s banking sector as it helps ease overcapacity and boost profitability through synergies and increased pricing power, according to a new report from Moody’s Investors Service.

The GCC’s banking sector – which Moody’s called “overcrowded” – ha

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Saudi stocks set to rally this year with multi-billion dollar inflow

Saudi stocks set to rally this year with multi-billion dollar inflow

For Saudi equities, 2019 may be a story of two halves.

The kingdom’s stocks are set to rally in coming months as billions of dollars gush into the market on its inclusion in benchmarks for developing-nations. But that may give way to selling before Ramadan, the month of fasting which will begin in May, as concerns over reforms and oil move back to

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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