Sunday 13 July 2014
 
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Opec raises forecast for 2014 global oil demand

World oil demand will increase more than expected in 2014, Opec said on Wednesday, raising its prediction for a second straight month as economic growth picks up in Europe and the United States.   The Organizatio

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Dubai GDP growth forecast at 5pc

Dubai is expected to outperform the UAE GDP with growth forecasts of four to five per cent, buoyed by strong performance of the core sectors of tourism, manufacturing and retail trade, said a report. Business confidence in the UAE

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Apple polishes forecast on top iPhones sales

Apple sold 9 million new iPhones during their first three days in stores after China joined the list of launch countries for the first time, prompting the company to issue a rosier financial forecast. Shares in the company closed

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UN raises 2013/14 forecast for food production

Global food prices fell in August for the fourth month running, according to the United Nations' food agency which again raised its 2013/14 forecast for grain production. The Food and Agriculture Organisation (FAO) said on Thu

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Savola cuts forecast after Q2 profit jump

Saudi Arabia's Savola Group expects third-quarter earnings to decline against last year despite posting a 13.6 percent rise in second-quarter net profit thanks to increased market share in the kingdom's retail sector. The

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WTO cuts 2013 trade forecast on protectionist fear

The World Trade Organization slashed its forecast for trade growth in 2013 on Wednesday, saying it feared protectionism was on the increase. It cut its forecast for global trade growth in 2013 to 3.3 percent from 4.5 percent and s

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Qatar lifts 2013 economic growth forecast

  Qatar on Sunday lifted its forecasts for economic growth and inflation next year, saying a decline in oil and gas output was now expected to be less than originally thought.   Gross domestic produ

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Airline passenger numbers to hit 3.6bn a year

Airlines expect to carry some 3.6 billion passengers in 2016, marking about 800 million more than the 2.8 billion passengers they flew in 2011, said a forecast issued by the International Air Transport Association (Iata). The indu

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Global economic slowdown deepens

  The IMF said the global economic slowdown is worsening as it cut its growth forecasts for the second time since April and warned US and European policymakers that failure to fix their economic ills would prolong the slump.

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Brent 'could average below $100 in 2013'

An increasing number of forecasters expect Brent crude to average less than $100 a barrel next year because of downward pressure from Europe's debt crisis, a slowdown in Chinese economic growth and hopes for a resolution of the Iranian nuclear

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