Friday 18 April 2014
 
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Crisis

Bahrain's housing crisis to be probed

Bahrain's Parliament has launched an urgent investigation into the kingdom's housing crisis. MPs claim 60,000 are on waiting lists for government homes and some have been waiting for up to 20 years, reported the Gulf Daily

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'Parallel' dialogue to end Bahrain's crisis soon

A group of political societies will begin a series of talks next month aimed at finding solutions to Bahrain's political crisis. The slow progress of the government's National Dialogue initiative prompted them to launch th

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AAIB unit starts crisis assistance travel service

Frontier Travel Insurance, a part of Anglo Arab Insurance Brokers (AAIB), has launched the world’s first online crisis assistance plan. Business travellers to post conflict territories can apply for and buy the plan immediat

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Address water crisis now, Arabs told

Arab states must address water challenges if they are to achieve the Millennium Development Goals, attain prosperity, and reach a future of sustainable human development, says a new United Nations Development Programme (UNDP) report.

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Bahrain urged to curb public debt

Bahrain must drastically curb and reduce public debt - or face a potential crisis. This warning has come in the audit report, which fears an international ratings downgrade if swift action is not taken. The National Audit Office R

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Housing shortage poses dilemma for Kuwait

Kuwait, one of the world's richest countries per capita, must make tackling a shortage of government-funded housing its top priority, senior government officials said at the opening of parliament on Tuesday. Accustomed to a we

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Batelco tests corporate management readiness

Bahrain’s leading telecommunications provider Batelco said it has successfully completed its annual corporate business continuity management plan rehearsal and testing. The exercise is part of Batelco’s proactive appro

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Gold drops close to $1,300 on stronger dollar

Gold was close to $1,300 an ounce on Thursday and edging lower on signs the Federal Reserve may trim its stimulus measures this year and as the dollar rebounded after President Barack Obama began meetings with lawmakers to resolve the US budget

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Post Lehman, 'shadow banking' drives risk

Just days after UBS said that it would gut its fixed-income trading business last October, three of the Swiss bank's senior executives left to launch a firm to go where big banks won't anymore.

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DGCX 'not affected by FTIL problems'

Dubai Gold and Commodities Exchange, the region's first derivatives exchange, has affirmed that it has not been affected by the ongoing developments at India-based Financial Technologies Group (FTIL), its minority shareholder.

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