Saturday 28 March 2015
 
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World Free Zones Organization sees membership surge

The World Free Zones Organization (World FZO), a non-profit industry body for free zones, has announced a steep rise in membership numbers. Launched in May last year, the World FZO began operations with 14 founding members. Howeve

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Mideast OFS spend to recover as oil prices rise

Middle East and Asia, the onshore dominated regions, is set to see a recovery in expenditure as oil prices rise, due to the sensitivity of onshore driving activity to changes in oil price, according to a recent forecast. The Dougl

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Lebanon job levels rise despite subdued economic activity

The employment level is rising in Lebanon despite subdued economic activity, according to the latest Crédit Agricole Private Banking research report, ‘Macro Comment – Lebanon Update.’ The February PMI inde

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Lebanon job levels rise despite subdued economic activity

The employment level is rising in Lebanon despite subdued economic activity, according to the latest Crédit Agricole Private Banking research report, ‘Macro Comment – Lebanon Update.’ The February PMI inde

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Opec oil output rises in January as key members stand firm: Survey

The Organization of the Petroleum Exporting Countries (Opec's) oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a Reuters survey showed, a sign key m

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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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