| Other Top News |
| IDB increases its capital from $ 45 bn to $ 150 bn |
The Islamic Development Bank Group has decided to increase its authorized capital from $ 45 billion (30 billion Islamic dinars) to $ 150 billion (100 billion dinars) on the recommendation of the two extraordinary Islamic summits held in Makkah...
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| UAE adds power to mobile broadband |
The UAE on Wednesday took a critical initiative to stay ahead in broadband connectivity race by unveiling its band plan for 700MHz and the launch of spectrum in the 800MHz band for mobile broadband services...
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| New GCC tobacco tax could fuel growth of illicit trade |
The dilemma facing GCC finance ministers as they deliberate over a 100 percent increase in duty on tobacco products is underlined by a White Paper published yesterday which spotlights growth in illicit trade, beyond the control of police and customs authorities, as..
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| Iraq aims to boost oil output |
Iraq is planning to increase its oil production capacity to 10 million barrel per day in 2017 up against three million barrel per day as of today, officials say...
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| Slow progress of projects puts Kuwait stock boom at risk |
Kuwait's stock market boom could run out of steam if the government doesn't push ahead soon with long-delayed infrastructure projects aimed at diversifying the oil-reliant economy...
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