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Saudi Arabia Tagged Articles
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Iraq Oil Output to Rival Saudi Arabia, if…
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| After decades of dictatorship, war and international sanctions, Iraq’s massive oil reserves are set to be tapped proper. If the seven oil projects awarded to foreign oil companies this weekend, and the three from an auction earlier this year, develop as planned, within eight years, Iraq will see its oil production capacity leap to more than 12 million barrels per day (bpd). |
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McDonald’s Middle East Franchise reports a 3.4 percent surge in sales
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| McDonald’s has reported a 3.4 percent increase in sales in the Middle East and Africa, reflecting a year of strong worldwide growth in which the fast food giant served 60 million customers a day - two million more than in 2008. Growth in the MEA region was greater than that in the US, where sales rose by 2.6 percent. Turnover in Europe grew by 5.2 percent in 2009, far exceeding the average global rise in sales of 3.8 percent. News of the fast food giant’s increasing popularity is likely to raise some concern among professionals gathered at the Arab Health 2010 exhibition, which starts today. |
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Tearing Down Walls: How Walton Rose To The Top
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| Sam Walton passed away in 1992 but his legacy lives on. It is estimated that if the Wal-Mart chain was its own economy, it would rank 30th in the world, behind Saudi Arabia. The company’s revenues continue to grow at roughly 10% a year, likely surpassing half a trillion dollars in sales within the next decade. The international division of Wal-Mart is also its fastest-growing division, which indicates that the company is continuing to increase its presence around the world. If Sam Walton were alive today, he would be the richest person in the world, with twice the fortune of Bill Gates. How did a farm boy from Oklahoma accomplish all of this? |
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Other Saudi Arabia Related Articles
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Tearing Down Walls: How Walton Rose To The Top
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| Sam Walton passed away in 1992 but his legacy lives on. It is estimated that if the Wal-Mart chain was its own economy, it would rank 30th in the world, behind Saudi Arabia. The company’s revenues continue to grow at roughly 10% a year, likely surpassing half a trillion dollars in sales within the next decade. The international division of Wal-Mart is also its fastest-growing division, which indicates that the company is continuing to increase its presence around the world. If Sam Walton were alive today, he would be the richest person in the world, with twice the fortune of Bill Gates. How did a farm boy from Oklahoma accomplish all of this? |
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