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10th Five-Year Plan Targets Average 3.5% GDP Growth Rate: Economy Undersecretary

Muscat: Dr. Nasser Rashid Al-Ma'awali, Undersecretary of the Ministry of Economy has said that the tenth five-year plan will focus on achieving a real...
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Muscat Securities Market Renamed As Muscat Stock Exchange

Muscat: Oman's Muscat Securities Market – or MSM – has been renamed following the issuance of a Royal Decree today . In a Royal Decree...
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4 Key Fiscal Reforms That Are Expected To Boost Oman’s Economy

The Government of Oman has made substantial fiscal adjustments since a sharp decline in oil prices since mid-2014, resulting in the formation of a foundation...
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AED17.5 bn in credit facilities to non-residents in eight months

AED17.5 bn in credit facilities to non-residents in eight months

(WAM) -- Credit facilities provided by UAE banks to non-resident clients rose by AED17.5 bn over the first eight months of the year, statistics...
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FAB reports AE7.3 bn in net profit for first nine months of 2020

FAB reports AED 7.3 bn in net profit for first nine months of 2020

(WAM) -- First Abu Dhabi Bank, FAB, reported AED2.5 bn for Q3-2020, 4 percent up on Q2, with net profit for the first nine...
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More stimulus is welcomed – but what’s needed is smarter stimulus

More stimulus is welcomed – but what’s needed is smarter stimulus

Stock markets are cautiously upbeat that a stimulus package can be agreed in the U.S. before the November 3 election – but even if...
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Expo Centre Sharjah participates in international meeting on ‘economic impact of COVID-19 on tourism in Arab world’

Expo Centre Sharjah participates in international meeting on ‘economic impact of COVID-19 on tourism...

(WAM) - Saif Mohammed Al-Midfa, the CEO of Expo Centre Sharjah, underlined that the proactive and early recovery efforts made by the UAE’s wise...
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More Consumer Education and Collaboration Needed, Argues New Economist Intelligence Unit Study on the Impact of Covid-19 on Illicit Trade

More Consumer Education and Collaboration Needed, Argues New Economist Intelligence Unit Study on the...

Amidst the chaos created by the covid-19 pandemic and the various policy responses designed to contain its spread, the usual loose grouping of malicious...
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“Dubai Maritime City marks 70% completion of Phase I of infrastructure works” is locked Dubai Maritime City marks 70% completion of Phase I of infrastructure works

Dubai Maritime City marks 70% completion of Phase I of infrastructure works

(WAM) -- DP World, the Dubai-based global provider of smart logistics solutions, on Tuesday announced the overall completion of 70 percent of the AED140...
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Dubai residential sales gain pace over Q3, although remain down year-on-year, says Chestertons

Dubai residential sales gain pace over Q3, although remain down year-on-year, says Chestertons

Despite a clear quarterly rise in property sales during Q3, Dubai’s real estate market is expected to face further challenges in both the rental...
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