Saturday 28 March 2015
 
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slump

Bahrain's banking liquidity remains strong

Commercial bank lending in Bahrain is expected to pick up after a slump, and the plunge of oil prices is not hurting liquidity in the banking system, Central Bank of Bahrain Governor Rasheed Al Maraj said yesterday (February 24).

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World food prices fall in January, unlikely to rally

World food prices are unlikely to rise much from their four-year slump as long as high production, low oil prices and limited import demand continue, a senior economist for the United Nations food agency said. The United Nations F

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Saudi Arabia should move to curb oil price fall: Iran

Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, Iran's deputy foreign minister told Reuters. Hossein Amir Abdo

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Dubai upbeat on project funding despite oil slump

Dubai is confident that it will be able to raise equity and debt to finance all its huge development projects over the next five years despite the plunge in oil prices, the head of the emirate's Department of Finance (DoF) said.

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Dubai upbeat on project funding despite oil slump

Dubai is confident that it will be able to raise equity and debt to finance all its huge development projects over the next five years despite the plunge in oil prices, the head of the emirate's Department of Finance (DoF) said.

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Non-oil companies back in spotlight

With crude oil prices hitting five-year lows, investors are scrambling to gauge the impact of the sharp drop in petroleum costs on companies beyond the energy sector, said a report. Determining the effects of the decline in commod

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Gulf states must cut spending amid oil price slump

Gulf oil exporters face inevitable spending cuts as weak oil prices cloud their economic outlook, Kuwaiti Finance Minister Anas al-Saleh said on Saturday. "We must undertake comprehensive economic reforms including the reform

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Oil output in Iraq's Kirkuk slumps 90pc

Oil output in Iraq's Kirkuk has slumped to 30,000 barrels a day since June, 90 per cent down on earlier this year, and a federal pipeline to the Turkish port of Ceyhan may be out of action for over a year due to sabotage, Kirkuk's govern

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Yansab profit drops 31pc on plant shutdown

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) posted a 31 per cent slump in fourth-quarter net profit on Monday, citing a shutdown at its plant for the decline. The firm made a net profit of 442.2 million riyals ($11

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Al Khodari Q2 net profit slumps 43pc

Saudi construction firm Abdullah A M Al-Khodari Sons Co posted a 42.9 per cent slump in second-quarter net profit on Sunday, citing higher costs including from the kingdom's reforms to the labour market. The company made a net

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