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Dubai real estate sector sees $38 billion of sales in Q1

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The latest data from fäm Properties shows that the Q1 figures came close to the all-time record of AED147.2 billion posted in Q4 2024,...
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Businesses hold back hiring as UAE job creation hits three-year low

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Most companies are opting to maintain existing workforce levels, with subdued demand growth and global market shifts prompting a cautious approach. The latest Purchasing Managers...
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Nama attracts Samsung and ACWA for 2,400 MW projects in Oman

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Oman’s Nama Power & Water Procurement Company has received competitive bids from 12 major global and regional developers for its strategic Independent Power Projects...
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Eid Al Fitr: Oman announces 5-day holiday, early salary

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Both public and private sector employees will get a five-day weekend starting from Thursday, April 20.
Market

UAE’s GDP doubled, foreign trade jumped 5 times in 17 years: Sheikh Mohammed

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UAE's foreign trade jumped from AED415 billion to AED2,200 billion, and the GDP doubled to reach AED1,800 billion in the same period.
Market

Oman’s Ahli Bank rejects merger offer from Bank Dhofar

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On Tuesday, both the banks had confirmed about the merger talks which would have created an entity with more than $19 billion in assets
Market

Economic growth in GCC to more than halve in 2023: World Bank report

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However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.
Market

Oman repays $1.5bn loan ahead of schedule

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Oman has repaid $1.5 billion – part of the government loans before their maturity date. In a statement issued, the country’s finance ministry said the...
Market

Pepsi unveils new logo with an eye on future

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The new logo will mark the brand’s next era with an eye toward the future.
Market

Dubai Business Women Council holds board members meeting to discuss upcoming projects

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Dubai Business Women Council is the UAE’s leading platform for the personal and professional development of business women in the Emirate of Dubai.
Market

Agility announces $1.65 billion award in Korek arbitration

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The ICC award holds that Korek and Barzani are jointly and severally liable, and awards damages to IH and IT of $1.65 billion. 
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National Life and General Insurance Company: Delivering value beyond insurance to customers

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Oman’s largest insurer NLGIC is on course to become a regional multi-line, multi-country giant delivering value beyond insurance to the customers.
Innovation

AI central to UAE’s economic diversification, says COP28 President-Designate

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AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.
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Economic growth in GCC to more than halve in 2023: World Bank report

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However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.
Technology

KitchenomiKs aims to transform on-demand food economy in Oman

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KitchenomiKs cooks up dainty on-demand delicacies, tossing in emerging technologies, yummy multi-brand choices and seamless delivery.
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Real estate sector in GCC experiencing ‘profound transformation’: Expert

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The real estate sector in the GCC region is...
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