Friday 3 July 2015
 
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Oil prices drop on rising US rig count

Oil prices dropped on Friday as a rising US rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation. Front-month US crude futures were trading at $56.66 pe

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Saudi exports drop 8pc to $342bn, imports rise

Saudi Arabia's total exports dropped 8.9 per cent to SR1.28 trillion ($342.28 billion) last year, while its imports rose 3.3 per cent to SR651.88 billion, according to a report. The kingdom’s oil exports comprised 83 per

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Jaguar Mena launches ‘Rapid Drop-Off Service’

Leading manufacturer of premium luxury vehicles Jaguar Mena has launched the Jaguar Rapid Drop-Off Service, underscoring efforts to offer Jaguar owners a five-star customer experience. Kicking-off in Dubai, the Jaguar Rapid Drop-O

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Financial, administrative violations drop 25pc in Bahrain

The incidence of financial and administrative violations have dropped 25 per cent last year in Bahrain compared with 2013, according to the latest Financial Audit Bureau report. The gross violations reported to the Public Prosecut

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Bahrain cbank warns borrowing in the face of oil price

The Central Bank of Bahrain (CBB) has warned that borrowing in the face of oil price drop and the absence of a plan to reduce deficit, will have an adverse impact on the kingdom’s economic stability. With increased governmen

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Incheon airport to launch self-service bag drop system

Seoul’s Incheon International Airport is set to launch the self-bag drop serve on a trial basis this month, according to a senior Korean aviation official. Speaking at the Future of Borders International Conference in Dubai,

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Emirates Airline expects drop in annual fuel costs

Dubai's Emirates Airline expects lower oil prices to translate into fuel savings in the financial year ending this month but is braced for foreign exchange hits in markets such as Europe, India and Russia, its chief operating officer said.

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Gold falls below $1,200, set for weaker week

Gold dropped below $1,200 an ounce on Friday and was headed for a fifth weekly decline in six, as the dollar rose towards 11-year highs ahead of US jobs data that could provide hints about the timing of a rate increase. Spot gold

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Mubadala GE net profit dips 3.9pc on fee income

Mubadala GE Capital, a joint venture between the Abu Dhabi state-owned fund and General Electric, has reported a 3.9 per cent drop in 2014 net profit as higher proceeds from the sale of financial assets could not offset a slump in fee income.

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Gold rebounds, but set for 4th weekly drop

Gold rebounded and world shares weakened on Friday before a meeting of euro zone finance ministers that could put Greece on its way to exiting the bloc, but prices were still headed for their fourth straight weekly drop. Spot gold

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