Economy & Finance

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  Saudi food inflation at record high in April

  General inflation rises to 4% in April from 3.9% in previous 3 months

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  Indian rupee @ 15.11 against UAE dirham

  Remittances set to surge

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  Apple remains No.1 global brand for 2013 worth $185bn

  Samsung gains on Apple with surge of 51% in brand value

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  Dragon Mart extension contracts

  Nakheel awards Dh50m contracts to ADC Energy System

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  Here is the UAE’s latest millionaire…

  Mohammed wins Dh1 million through a draw

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  DSI wins $461m contract

  Lamar Towers in Jeddah to be completed in Q4 2015

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  2013 inflation to be least: IMF

  IMF launches Regional Economic Outlook Update for Mena

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  Private sector seeks bigger say

  Will lead to strategic partnership with GCC governments

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  Air Arabia obtains Dh1.3bn loan

  Syndicated loan to finance purchase of 10 aircraft

• Abu Dhabi Investment Forum in Paris

  The Abu Dhabi Investment Forum is set to begin in Paris next Wednesday. The event is organised by the Abu Dhabi

• Dh175m bus depot to be built in Abu Dhabi

  The Department of Transport (DoT) in Abu Dhabi announced on Monday  that it will soon commence building the new Dh175

• Hana Al Rostamani joins du’s Board of Directors

  UAE telecom major du today announced the induction of Hana Al Rostamani to its Board of Directors as per a nomination

• Index 2013 exhibition opens in Dubai

  Index International Design Exhibition and The Office Exhibition trade shows opened today at the Dubai World Trade

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  French Consul General visits Al Maya Supermarkets

  French Consul General in Dubai H.E. Eric Giraud Telme alongwith Mr François Sporrer, Director of the economic Mission

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  Dubai in world’s 'hottest' retail markets

  Emirate is second most important city: CBRE

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  UAE GDP up 4.4%, crosses Dh1 trillion

  Growth a result of high oil prices and expansion

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  Oman’s spending up 13% in Q1

  But country’s budget records large actual surplus

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  Dewa launches new substation

  Dh105m substation is located in Dubai Marina

• Jafza-DP World’s $30m infrastructure project on track

  The $30 million Jafza-DP World joint project to build a new Gate 4 and restructure Roundabout 6 is moving on track. The

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  GCC interiors spend to grow 28%

  Saudi Arabia overtakes UAE as largest interiors market in GCC