Friday 26 December 2014
 
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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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Aramex Q2 net profit up 12pc

Dubai logistics firm Aramex reported a 12 per cent rise in second-quarter net profit on Thursday, in-line with analyst estimates.   Aramex posted a second-quarter net profit

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BNH net profit surges 23.2pc to $6.15m

Bahrain National Holding (BNH) has reported 23.2 per cent rise in consolidated net profit at BD2.34 million ($6.15 million) for the six months ended June 30 when compared with BD1.9 million for the same period la

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