Thursday 25 December 2014
 
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reserve

UAE ‘can keep spending despite plunge in oil prices’

The large fiscal reserves which the United Arab Emirates has built up will allow it to keep spending on development projects in coming years despite the recent plunge in oil prices, the economy minister said. Although some people

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Nature reserve to be fenced off in Bahrain

A planned nature reserve in the west of Bahrain is being fenced off to prevent further fly-tipping after thousands of tonnes of rubbish were dumped on the site. Fencing work at Al Louzy, where 160,000 sq m has been set aside for a

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Qatar international reserves hit $43.5bn

Qatar’s international reserves rose $43.5 billion in August driven by a strong current account surplus, an increase of $7.2 billion as compared to the same period last year, according to a report. The latest QNB Monthly Moni

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Starbucks launches Reserve store in Bahrain

Starbucks, the world’s leading coffee retail chain, has launched its first Reserve store in Bahrain. The new store at Bahrain City Centre, the kingdom’s largest shopping, leisure and entertainment complex, offers 

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Saudi cbank to maintain reserve strategy

Saudi Arabia's central bank will keep its current strategy for managing the country's foreign reserves, central bank governor Fahad Al-Mubarak said on Tuesday, indicating a continued emphasis on US dollar assets.  

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US to create million-barrel fuel reserve

The US government will create a million-barrel petrol reserve in the Northeast, a reaction to the aftermath of Superstorm Sandy in 2012 when motorists were left without fuel, exposing vulnerabilities in the fuel distribution network.

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Saudi barley reserves at 4m tonnes

Saudi Arabia, one of the world's largest barley importers, has a strategic reserve of four million tonnes to last the kingdom for around eight months, a Gulf-based industry source with knowledge of the matter told Reuters. &nb

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Egypt foreign reserves up to $17.3bn

Egypt's foreign reserves rose to $17.307 billion in February from $17.105 billion in January, the central bank said on Tuesday. Reserves have been sharply falling since a 2011 uprising that ousted President Hosni Mubarak but w

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Tunisia's foreign currency reserves rise

Tunisia's foreign currency reserves rose to 11.389 billion dinars ($6.88 billion) in August, with a Japanese loan helping extend the previous month's recovery after a sharp decline, the central bank said on Wednesday. But

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Yemen inflation hits 15-month high

Yemen's annual inflation climbed to a 15-month high of 14.2 per cent in May, mainly due to increases in food, tobacco and qat prices, while June foreign currency reserves fell to their lowest level since August 2012. Inflation

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