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Oil near $91 as Gulf storm buildsBrent oil futures closed about 2 per cent higher near $91 a barrel on Friday as it rebounded on bargain hunting after prices earlier fell to an 18-month low and US crude futures rose in reaction to a potential storm in Gulf of Mexico that cou More… |
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Gold falls as dollar firmsGold fell by more than 1 percent on Monday, swept lower by a firm dollar and falls in other financial markets as worries deepened about government debt in Europe and the US. Gold has moved in tandem with riskier assets in recent months, in More… |
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Rising sea levels 'threaten Bahrain'Up to 22 per cent of Bahrain's land could be under water by the end of the century as a result of rising global sea levels, it was declared yesterday. This is based on an Arctic Monitoring and Assessment Programme report, said Bahrain& More… |
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Gold rises on euro zone woes; eyes on FedSpot gold gained 0.8 percent on Monday, extending a 1.2-percent rise in the previous session, as worries about a worsening debt crisis in the euro zone and the bloc's future drove investors to seek safety in bullion. &nb More… |
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Gold extends losses on eurozone debt hopesGold slipped more than half a percent on Thursday after equities rose and the euro ticked up on optimism over tentative steps by European policy makers to resolve and limit the region's debt crisis. More… |
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UAE e-commerce confidence on the riseThe e-commerce confidence among UAE shoppers is on the rise with an 18 per cent growth, according to new research commissioned by GoNabit, a LivingSocial company. GoNabit, the Middle East’s first local commerce website, also known as group More… |
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House prices on the rise in EnglandHouse prices in England and Wales rose 1.3 per cent on the month in July, government data showed, in a rare positive sign from the sluggish housing market. However, prices were still down 2.1pc on the year, not far off June's annual drop o More… |
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Oil up 4pc to $71 on US demand, equitiesOil rose by almost 4 per cent on Wednesday to above $71 a barrel as signs of a strong recovery in US demand and a bounce in equity markets overshadowed rising crude stocks and lingering concerns about the euro zone economy.0 By 1519 GMT, U More… |
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World stocks rise towards post-Lehman levelsWorld stocks edged closer to a 17-1/2 month peak on Tuesday as a weak dollar-inspired rally in commodities and evidence of a recovery in US consumption spurred buying in risky assets. The dollar fell to its lowest in almost a week against More… |
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Dubai crisis overshadows Q4 house price riseHouse prices in Dubai, hit hard by the global downturn, registered a second quarterly rise in the fourth quarter but fell in December as the emirate's debt crisis dampened sentiment, according to a report by Colliers International. The More… |
