Business & Management

GCC countries continue to outperform other Arab nations


The global economic crisis has further widened the competitiveness gap between the countries of the Gulf Cooperation Council (GCC) and the rest of the Arab world region, according to the Arab World Competitiveness Review 2010.

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Saudi Arabia is expected to overshoot public spending by as much as 20 per cent as part of an ongoing expansionary fiscal policy funded by strong oil prices and aimed at cementing the domestic economy.

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Cash-strapped Syria secures loans from Turkey


Turkey has offered US$247 million in loans to Syria to fund infrastructure projects, the Syrian finance minister has announced.

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UAE investing billions in Iraq

Abu Dhabi companies have invested in US$66-billion worth of developments in Iraq after major signs of support from the UAE government for the war-torn nation, reports The National.

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French FDI in UAE increases ten-fold

French FDI in UAE increases ten-fold

French foreign direct investments (FDI) in the UAE have grown ten times in the past decade, reaching US$3.6 billion in 2009, accounting for 35 per cent of the total French FDI in the Middle East. French civilian exports to the UAE have tripled between 1998 and 2009 reaching US$4.9 billion, according to data by Invest in France Agency (IFA), a body for promoting and facilitating international investment in France.

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