• Dec 05,2015
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Dubai unveils plan to grow to four times its size. Dubai Ruler wants solar panels on every roof by 2030. Dubai property market likely to bottom out by end-2016. Dubai’s office market is showing signs of stabilizing, with average rents remaining virtually unchanged. In the next 12 months the office market is expected to slow down. Falling land values add to Business Bay’s bargain office space allure. Gulf buyers invest $11.5bn in H1 global office market despite cheap oil: Dubai Holding profit to rise by 17% this year. Sport contributes $1.08 billion to Dubai's economy per annum. Dubai hotels cut daily rates to stimulate falling demand. Emirates Islamic expect loan growth in double digits next year. HSBC cuts 150 UAE jobs among thousands globally. UAE's third largest lender (FGB) said to cut close to 100 jobs. Gulf banks rush to loan market to cope with liquidity squeeze. Oil prices set for 10% fall in November as supply glut persists. Growth in the Gulf jobs market registered a big slowdown in October, as economies in the region continued to be impacted by low oil prices, according to recruitment firm Monster. Saudi construction sector faces tough times ahead: as the prospect of state budget cuts adds to labour reforms, in a sign of the strain on an economy squeezed by lower oil prices. Saudi may lift cement, steel export curbs to relieve oversupply in the local market. Saudi riyal hits 12-year low in one-year forwards market. Saudi money supply, loan data show economy slowing. S&P cuts Oman credit rating as budget deficit widens. Bahrain subsidy cuts likely to hit real estate market demand. Retailer Geant plans new hypermarkets in UAE, Bahrain. Mideast online travel market to reach $35bn. Mideast leads world with 4.6pc air passenger growth. India's GDP grows at 7.4% in Q2 of FY16; manufacturing grows at robust 9.3%.s Climate plans of poorest nations to cost $1 trillion.

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