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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Miral’s premier Abu Dhabi waterfront project work on track

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        Investments in renewables in Egypt reach LE6 bn: Official

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

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            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Qatar corporate sector earnings ‘expected to grow’ about 8% in 2015      

              Gulf Times

              April 1, 2015
              in Economy
              0

              Qatar’s corporate sector was among the best performing in the region with positive double digit earnings in the second half of 2014, a new report has shown.

              Corporate earnings in Qatar are expected to grow by 7.8% this year, said Kuwait Financial Centre (Markaz) in a report.

              GCC corporate earnings in H1, 2014, totaled $32bn, driven by strong performance from financial services and real estate, Markaz said. This shows a 6% growth compared with the same period in 2013.

              Aggregate net profits from financial services in the second half of 2014 came in at $1.2bn, up 99% on H2, 2013.

              Earnings from real estate came in at $2.7bn recording a growth of 29% on a year-on-year (YoY) basis.

              Banking sector had the highest earnings and third highest growth among the sectors at 20% and hence had the highest impact on the overall earnings recording a growth of 6% (YoY) over H2, 2014.
               
              The UAE and Bahrain had the highest full-year earnings growth in 2014 at 32% and 11% respectively, followed by Kuwait 8% and Qatar 6%.

              Oil prices were partly responsible for Saudi Arabia’s 3% “mediocre” performance, Markaz said.

              GCC corporate earnings grew by 6% in the second half of 2014 (YoY basis). During the same period, Bahrain was the biggest gainer with 57% (YoY) growth in earnings H2, 2014, while earnings in Saudi Arabia and Oman contracted by 10% and -1% respectively.
               
              Real Estate and banking sectors have been the star performers in the region in the financial year 2014, registering growth of 22% and 16% respectively. While the real estate sector has shown signs of slowing down towards the end of the year, they had a great run in the beginning of the year.

              The commodities sector, which is the second largest sector in terms of net earnings, has been impacted heavily by the lower oil prices.

              Telecom sector, the third largest in terms of net earnings has been heavily affected by the reduction in average revenue per unit (ARPU) as well as company specific losses.

              Earnings from the financial services sector had the highest growth in earnings at 99% for the H2, 2014 (YoY basis) followed by real estate whose growth increased by 29% during the same period on a YoY basis. Real estate boom in major markets such as the UAE (Dubai & Abu Dhabi), Qatar and introduction of mortgage lending reforms in Saudi Arabia have led to significant earnings growth of the sector.

              Telecommunications sector’s earnings were affected by the earnings restatement of Mobily, which resulted in wiping out $381mn out of its total profits. Falling ARPU across the region was also a reason behind the fall in net earnings.

              “We expect GCC corporate earnings to grow by another 5% in 2015 compared with 2014 and reach $71bn by end-2015. Overall, we expect UAE earnings growth to be robust at 10.4% for the full year of 2015 as against 2014. Corporate earnings in Qatar are expected to grow by 7.8%, while Kuwait and Oman are expected to grow by 7.4% and 4.6% respectively, during the same period. Bahrain and Saudi‘s earnings are expected to grow moderately by 2.7% and 1.6% respectively,” Markaz said.
              Gulf Times
              1 April

               
               
               
               
               
               
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