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Maaden's net income came in at US$11.6mn compared to a reported profit of US$5.4mn in Q1 2010 according to a report by the Saudi bank, NCB Capital (NCBC).
Qatar Steel will build a new steel plant in the country to cope with the growing demand for steel in the Qatari market and the wider regional market.
A new survey showed that private sector business activity in the UAE hit a record high in February thanks to new orders and output rising sharply.
A new report by Standard & Poor?s looks at the current landscape in property markets in the Arabic-speaking countries of the Middle East and North Africa and what effect, if any, the recent unrest in the region has caused.
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.