Sunday 1 February 2015
 
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Oil rises, but set for record run of monthly falls

Oil rose above $49 a barrel on Friday, supported by renewed violence in Iraq but with a persistent global supply glut keeping the market on course for a seventh straight month of declines, its longest bear run on record. Benchmark

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NBB registers record profit of $142m, up 4pc

National Bank of Bahrain (NBB) has reported a four per cent rise in net profit to BD53.44 million ($142.12 million) for last year, compared with BD51.36 million in 2013. The profit figure is the highest ever achieved by the bank,

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GCC residents' insurance, savings penetration to rise in 2015

Insurance and savings penetration in the GCC is set to continue its rise next year due to developing regulations and increased awareness about the importance of financial security, according to leading insurance broker Nexus Group.

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Gold rises above $1,200, shrugs off rising equities

Gold has edged up above $1,200 an ounce as buyers helped the metal hold up against rising equity markets, paring losses fuelled by worries over a looming hike in US interest rates. A surge in gold prices to above $1,230 an ounce l

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Gold set for biggest weekly rise in 6 months

Gold edged lower on Friday as some buyers cashed in recent gains, but remained on track for its biggest weekly rise since June as the dollar retreated and sliding oil prices hurt risk appetite and stocks. Gold is up nearly three p

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Brent falls below $90 to near 4-year low

Brent crude futures fell below $90 a barrel on Friday, close to a four-year low, as rising supply and more grim economic news stretched a months-long slump in oil prices. US crude also slumped nearly $2 to hit its lowest since 201

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Adnec records 56pc rise in exhibitions

Abu Dhabi National Exhibitions Centre (Adnec) has recorded a significant 56 per cent increase in the number of exhibitions held in the year to date compared to the same period last year. The leading exhibition and conference venue

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Adnec records 56pc rise in exhibitions

Abu Dhabi National Exhibitions Centre (Adnec) has recorded a significant 56 per cent increase in the number of exhibitions held in the year to date compared to the same period last year. The leading exhibition and conference venue

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Abu Dhabi property price rise ‘no risk to banks’

The price rise in Abu Dhabi’s residential real estate does not pose a serious risk to the emirate’s banks as the industry is not reliant on leverage but backed by stinger fundamentals, said a report. According to the l

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Rise of Islamic State tests Syrian army strategy

The growing power of the ultra-hardline Islamic State means the Syrian army is now having to confront a group it has until now been reluctant to attack for political reasons.  

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