Saturday 23 August 2014
 
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trader

200 designers set for Bahrain expo

An exhibition featuring more than 200 designers and traders will open tomorrow (July 3) in Bahrain.   The event, called Woow Exhibition, will be held at the Bahrain International Exhibition and Convention Centre

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Fourth Iranian held in UAE trader's kidnap

An Iranian suspected of helping kidnap a British-Iranian businessman in Dubai has been arrested in Thailand and deported to the United Arab Emirates (UAE), an official source familiar with the matter said on Sunday. Ali Rehmat Ass

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First WTC tower debuts 12 years after 9/11

The first office tower at Ground Zero since the September 11, 2001 attacks that destroyed the World Trade Center will open on Wednesday, marking a comeback for the Lower Manhattan site. Sheathed in glass, 4 World Trade Center is t

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Syria cancels tender to buy rice

A Syrian purchasing agency has cancelled an urgent tender to buy 135,000 tonnes of white rice, the third state food tender to fail in two weeks as a new payment system to avoid problems from financing sanctions failed to attract traders.

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UBS rogue trader gets 7 years' jail

  UBS rogue trader Kweku Adoboli was given a seven-year jail sentence on Tuesday after being convicted of two counts of fraud resulting in the Swiss bank's losing $2.3 billion.   He will serve h

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UBS 'faced danger of collapse'

"Naked gambling" by UBS trader Kweku Adoboli nearly brought down the massive Swiss bank as he wagered up to $12 billion, cooked the books and lied to bosses until his "pyramid of fraud" collapsed, a prosecutor told a London c

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Trafigura wins $400m ME loan

Commodities trader Trafigura has taken a $400 million loan from a group of Middle Eastern banks, as the group looks to diversify its lending pool at a time of stress in traditional banking spheres, banking sources said. The one-ye

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Bahrain traders lauded for promotion campaigns

Industry and Commerce Minister Dr Hassan Fakhro yesterday inspected Al Jazeera Supermarket in Mahooz, Lebanese Centre in Isa Town and Al Huly Supermarket in A'ali. The inspection was part of the ministry's efforts to monitor availability o

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Traders try to limit MF Global collapse damage

Traders scrambled to cover trading exposures to MF Global on Tuesday, as administrators sought to save what money was left in the collapsed US brokerage's London arm.      In Australia, trading in grain futures an

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Jobs offer some relief; $2.5 trillion wiped off

Improved US jobs numbers gave world stocks some relief in an eighth straight session of losses on Friday which had wiped almost $2.5 trillion off values on the week and brought back memories of the 2008 crisis. Ballooning concern over the

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