Saturday 27 December 2014
 
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Lending to firms falls in euro zone

Lending to euro zone households and companies contracted for the 28th month in a row in August, though at a slower pace, putting a keener spotlight on European Central Bank (ECB) efforts to get credit flowing again. Euro zone bank

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Asry eyes more business from European firms

Bahrain-based leading ship and rig repair yard Arab Shipbuilding & Repair Yard Company (Asry) is eyeing more repair and maintenance business from European shipping companies. This follows a visit by a delegation from one of Eu

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Kuwait firm establishes subsidiary in Bahrain

Kuwait-based The Commercial Real Estate Company (Al Tijaria) has announced the establishment of its fully-owned Bahrain subsidiary, Al Tijaria Real Estate Development Company. The new company will be responsible for Al Tijaria'

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Saudi to cut expat staff tenure in yellow-zone firms

Saudi Arabia’s Labour Ministry is set to reduce the stay of expat workers in yellow-zone firms under the Nitaqat nationalisation scheme from six to four years from October 25, said a report. The stay will be reduced further

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DFM enrols 5 brokerage firms for margin trading

Dubai Financial Market (DFM) has accredited five brokerage firms to provide margin trading, lifting the total number of firms providing this service to 24. The firms include Al Safwa Islamic Financial Services, Global for Shares &

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Bahrain plans new round-the-clock cleaning firm

Talks have been held on appointing a new cleaning company responsible for the entire kingdom of Bahrain. Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa chaired a meeting yesterday, which was attended by Municipalities and Ur

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Egypt to pay-off all foreign oil firm arrears by 2017

The Egyptian government has planned to pay-off all of its arrears to foreign oil firms by 2017, said a report.   Its previous plan was to pay EGP21 billion ($3 billion) out o

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Egypt to pay-off all foreign oil firm arrears by 2017

The Egyptian government has planned to pay-off all of its arrears to foreign oil firms by 2017, said a report.   Its previous plan was to pay EGP21 billion ($3 billion) out o

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Drug firm to supply medications at lower rates

An international drug manufacturer has reportedly agreed to continue supplying medications to Bahrain, after agreeing to lower pharmaceutical rates imposed by the government.  

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Saudi firms ‘must provide medical cover for expats’

Saudi Arabia’s Co-operative Health Insurance Council has urged all private businesses to provide compulsory medical insurance for expatriate employees and their families, said a report.   The employment con

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