Business & Management

UAE economy in 2011 to grow by 3.3 per cent


According to a report by the International Monetary Fund (IMF), the United Arab Emirates' economy should grow by 3.3 per cent this year which is slightly higher than previous forecasts.

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Saudi eyeing greater foreign investment


Saudi Arabia has attracted nearly US$147 billion in foreign direct investment (FDI), Amr Al-Dabbagh, Governor of the Saudi Arabian General Investment Authority (SAGIA), said.

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Industrial exports in Lebanon rise to US$3.3 bn in 2010


Lebanon's industrial exports increased by 8.26 per cent in 2010 to reach US$3.3 billion but the balance of trade deficit widened further.

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Drake & Scull International net profits rise 2010


Drake & Scull International (DSI), reported net profit of US$4.1mn for the fiscal year ended December 31, 2010 and recorded US$503mn in revenue for the same period.

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SESCO sees an upturn in the market in 2011


Saudi Electric Supply Company (SESCO) is looking to strengthen its presence in the GCC and the company’s general manager believes markets in the region will see an upturn this year.

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