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Latest News Headlines for Egypt

  • Qatar's economy to grow by seven per cent in 2015

    Qatar’s economy is expected to grow by seven per cent in 2015 despite the decline in oil prices, reveals a QNB report.

    QNB (Qatar National Bank) Group in its Qatar Economic Insight 2015 forecasts the Gulf country's GDP growth to accelerate to seven per cent in 2015, 7.5 per cent in 2016 and 7.9 per cent in 2017.

    The report attributes this acceleration to the government's continuous substantial spending in the non-hydrocarbon sector despite lower oil prices.

    In 2014, Qatar was expected to record a growth rate of 6.5 per cent. According to the report, the great wealth Qatar earned over the years...

  • DP World hits one-month low at NASDAQ Dubai

    The FTSE NASDAQ Dubai UAE 20 Index closed 1.37 per cent lower to hit 3,741.59 points on Thursday, March 5. DP World fell by 2.20 per cent to hit $20.15, the lowest level since February 5, 2015.
    Emirates REIT closed flat at $1.24.

    Gérard Al-Fil

  • Doha Bank gets shareholders’ nod for dividen proposal

    The Qatar Exchange 20 Index added insignificantly to reach 12,139.25 per cent on Thursday, March 5. Market bellwether Industries Qatar was as modest as the market was, gaining 0.14 per cent to hit QAR146.40. Doha Bank plummeted 8.50 per cent to QAR53. Earlier in the day, the lender said in a statement to the market the annual general meeting approved all topics on the agenda, including the distribution of a 40 per cent cash dividend.

    Gérard Al-Fil

  • UAE stock markets lose out during first week of March

    The United Arab Emirates' (UAE) stock exchange indices DFMGI in Dubai and ADXGI in Abu Dhabi performed differently on Thursday, March 5. While Dubai closed unchanged at 3,747.54 points, Abu Dhabi dived 1.83 per cent to hit 4,587.18 points. The DFMGI dipped by two percent during the first trading week in March, while the gauge in Abu Dhabi lost 2.11 per cent. Trading remained thin at both exchanges.
    Dubai Parks was the share of the week at the DFM. The entertainment park under construction near Dubai's free port, Jebel Ali, surged 3.53 per cent today and 14.4 per cent during...

  • Canon ME, Mathare Foundation to nurture photography skills

    Canon Middle East, a world leader in imaging solutions, has partnered with the Mathare Foundation in Nairobi, Kenya in support of the "Silent Stories" photography project aimed at nurturing the photography skills of youth based in East Africa.

    The Mathare Foundation is a community based organization established to train and create opportunities for children and youths in photography, performing arts and football, while also enhancing leadership skills through their 40 committed and passionate trainees. It was established to help disadvantaged children nurture their talents and make them engage in productive initiatives.

    "Silent Stories" is a series of photography workshops conducted in...

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