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2018

Abu Dhabi economic output hits $345bn in 2018

The total production of all economic activities in the Emirate of Abu Dhabi amounted to Dh1,268.1 billion ($345 billion) in 2018 from Dh1,120.5 billion in 2017, a media report said. The value added by all economic activities stood

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Ajman non-oil GDP growth reaches 3.6pc in 2018

The non-oil GDP in Ajman achieved a 3.6 per cent growth in 2018, reported Emirates news agency Wam, citing the emirate's annual economic report 2019 issued by the Department of Economic Development. The report showed that the

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Ajman non-oil GDP growth reaches 3.6pc in 2018

The non-oil GDP in Ajman achieved a 3.6 per cent growth in 2018, reported Emirates news agency Wam, citing the emirate's annual economic report 2019 issued by the Department of Economic Development. The report showed that the

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GCC chemical industry achieves revenue of $84.1bn in 2018

The GCC chemical industry achieved a revenue of $84.1 billion in 2018, with production capacity reaching 174.8 million tonnes, signalling an increase of 2.8 per cent in terms of contribution to the regional gross domestic product (GDP), accordin

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GCC chemical industry achieves revenue of $84.1bn in 2018

The GCC chemical industry achieved a revenue of $84.1 billion in 2018, with production capacity reaching 174.8 million tonnes, signalling an increase of 2.8 per cent in terms of contribution to the regional gross domestic product (GDP), accordin

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Oman-UK trade hits $3.7bn in 2018

The bilateral trade between Oman and the UK soared 90 per cent to around RO1.4 billion ($3.713 billion) in 2018, compared to figures from 2016, said Simon Penney UK’s trade commissioner to the Middle East, Pakistan and Afghanistan.

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Abu Dhabi’s crude output tops 1bn barrels in 2018

Abu Dhabi's crude oil production in 2018 reached 1.097 billion barrels, a growth of 1.4 per cent, compared to 1.081 billion barrels in 2017, a media report said. Meanwhile, the annual external sales volume of crude oil reached

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Demand for affordable homes up in Bahrain

Rents and sale prices for apartments and villas in all four governorates of Bahrain displayed a general trend of decline during 2018, said Cavendish Maxwell, a leading property consultancy in the Middle East, in a new report. Mean

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Saudi banking sector net profit up 11.3pc in 2018

Saudi Arabia's banking sector saw positive results in 2018, with an average 11.3 percent growth in net profit, and 2.1 percent growth in total assets, according to a new report released by professional services firm KPMG. The

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201 piracy, armed robbery on ships reported in 2018

A total of 201 incidents of piracy and armed robbery against ships were reported in 2018, according to a report by the International Maritime Bureau. The report stated some other alarming figures, as the violence against crew from

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