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ME sees surge in fruit, vegetables importThe import of fresh fruits, vegetables, plants and flowers into the Middle East region continues to witness a steady growth with Dubai alone importing Dh5.3 billion worth of products, said a government official. Abdulla Mohammed Rafia, as More… |
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UAE Aug oil output surges to 2.6m bpdThe United Arab Emirates produced 2.6 million barrels per day (bpd) of oil in August, up from around 2.5 million bpd in July, a Gulf oil source told Reuters on Sunday. Saudi Arabia and its Gulf allies, including the UAE, have raised their More… |
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Global stocks surge, but set for sharp monthly fallWorld stocks rose for the fourth session in a row on Wednesday on hopes the US Federal Reserve will ride to the economy's rescue with another stimulus package, though global shares were still set to post their biggest monthly drop in 15 months. More… |
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Gold surge lures prospectors, thieves worldwideAs the price of gold rests near record highs, people from Spokane to Bangkok are selling jewelry or buying bullion, some are giving up steady jobs to take to panning while theft of gold chains and watches is on the rise worldwide. "Pannin More… |
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Oman soars to 3-week high on pension fundsOman's index climbed to a three-week high on Sunday, as local pension fund buying boosted the battered market, while other regional markets also rose amid muted trading ahead of the extended Eid Al Fitr holidays. The Sultanate's i More… |
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Opec exports to surge in 4 weeksSeaborne oil exports from Opec, excluding Angola and Ecuador, will rise by 30,000 barrels per day (bpd) in the four weeks to September 10, an analyst who estimates future shipments said. Exports will rise to 22.69 million bpd on average fr More… |
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Top Oman banks see surge in Q3 profitsTwo of Oman's biggest banks, Bank Muscat and Bank Dhofar, posted a rise in third-quarter earnings raising hopes for a positive year-end close for the country's banking sector. Bank Muscat, Oman's largest bank by market value, s More… |
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UAE non-oil exports surge to $18 billion in 2009The United Arab Emirates' non-oil exports rose to Dh66 billion ($17.97 billion) in 2009, from Dh60 billion the previous year, state news agency WAM reported on Saturday. The non-oil imports fell 21 per cent to Dh449.2 billion in 2009, More… |
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Oil surges towards $80 on refinery strikes, IranOil prices soared towards $80 a barrel as refinery strikes in France and tensions about Iran's nuclear program outweighed fears that US monetary tightening could slow demand growth in the world's largest oil consumer. US crude for More… |
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Emaar surges ahead of Burj Dubai openingEmaar Properties lifted Dubai's index to a two-week high on Sunday, a day before the official opening of Burj Dubai, the developer's flagship project and the world's tallest structure. In a sentiment-driven rally, Emaar surged More… |
