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          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

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            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

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

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

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            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

            Miral’s premier Abu Dhabi waterfront project work on track

            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

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                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

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

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

                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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              Saudi Arabia to be fastest growing G20 economy after China

              SG/QJM

              September 27, 2012
              in Economy
              0

              Saudi Arabia will emerge as the second fastest growing G20 country after China this year, while Gulf economies will outpace global and emerging growth, Barclays Capital research revealed.

              The jury is still out whether the new stimulus packages and programs announced by the US Federal Reserve, the European Central Bank and the Bank of Japan will boost the global economy.

              “While the timing of a global growth rebound remains uncertain, the tail risks for investors, in particular those related to the euro area, have been reduced,” said BarCap’s Christian Keller. “This improves the outlook for risky assets and should support flows into emerging market assets.”

              Saudi Arabia’s performance among G20 nations will only be bettered by China, the world’s second largest economy

              Saudi Arabia’s performance among G20 nations will only be bettered by China, the world’s second largest economy. For all of China’s economic woes, the country will still post 7.5 percent growth this year and 7.6 percent in 2013.

              “Our expectation is for China’s growth to stabilize within a 7-8 percent range, which is where we see its new potential.

              However, our current forecasts for 7.5 percent growth in 2012 and 7.6 percent in 2013 do require some pickup in momentum in Q4 and a modest recovery in 2013,” said Barclays.

              A pick up in Asia is important for Gulf oil exporters that depend heavily on growth among Eastern nations

              A pick up in Asia is important for Gulf oil exporters that depend heavily on growth among Eastern nations. Barclays Capital believed the global economy will grow at 3.1 percent this year and 3.5 percent in 2013, with the eurozone contracting by -0.5 percent and growing a paltry 0.3 percent next year.

              BarCap’s figures were below the International Monetary Fund’s 3.5 percent growth projection for this year for the global economy and a relatively healthy 4.1 percent in 2013.

              And while it forecast eurozone will contract 0.3 percent this year, it saw a near 0.9 percent growth in 2013.

              Gulf economies will be outpace both global and emerging economies, rising 5.5% this year

              And while the global economy will stutter, Gulf economies will be outpace both global and emerging economies, rising 5.5 percent this year, compared to 5.1 percent by emerging markets, BarCap estimates.

              Qatar will lead the way among major economies, rising a staggering 11.5% this year

              Qatar will lead the way among major economies, rising a staggering 11.5 percent this year. But it will be Saudi Arabia, the Middle East’s largest economy, and a G20 nation, that will clock growth of 6.2 percent this year, followed by a robust 5.1 percent in 2013.

              “Emerging market corporates look cheap versus sovereigns; low-investment grade and high speculative grade credits look particularly attractive,” noted BarCap analysts. “We continue to like Dubai Inc. and highlight the Korea and India complex, Chinese property and Brazil and Chile investment grade among our preferred sectors.”
              SG/QJM
              September 27

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