Tuesday 4 August 2015
 
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Dollar, US yields rise on rate-hike prospects

The dollar traded near weekly highs and US Treasury yields rose on Thursday as US gross domestic product data showed a pick-up in consumer spending and encouraged bets that hikes in US interest rates will start as soon as September.

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Gold around 8-month low on Fed hike prospect

Gold fell close to its lowest level in eight months on Friday (July 17) pressured by a strong dollar and increasing bets on a Federal Reserve rate rise this year while platinum hit lows not seen in more than six years. Platinum br

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Iran steelmakers request import duty hikes

Iranian steelmakers have asked the government to raise import duties for certain steels by up to 40 per cent as protectionism in the global steel sector gathers pace amid a flood of cheap sales mostly from top producer China. Chin

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Iran steelmakers request import duty hikes

Iranian steelmakers have asked the government to raise import duties for certain steels by up to 40 per cent as protectionism in the global steel sector gathers pace amid a flood of cheap sales mostly from top producer China. Chin

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Gold set for 2nd weekly jump on Fed rate outlook, Greece

Gold was little changed on Friday, on track for a second weekly gain, bolstered by the Federal Reserve's caution on US interest rate hikes and worries over Greece, but a recovering dollar capped the upside. Spot gold was up 0.

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Salaries to grow 6-8pc in Mena region

Professional salaries are expected to grow by a healthy six to eight per cent in the Mena region this year, said a recent survey. The latest Morgan McKinley UAE Salary Survey Guide forecast that the region will focus on the infras

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Lifeline for Bahrain firms

Eight companies near the old GCC (Pearl) Roundabout, which were threatened with eviction last year if they didn't agree to rent hikes of up to 13-fold, have been thrown a lifeline. They could still face a minimal rent increase, but massiv

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Guardian hikes cover price by 20pc

Britain's loss-making Guardian paper, which has led the exposure of a phone-hacking scam at Rupert Murdoch's News of the World tabloid, is to hike its cover price by 20 per cent, making it the country's most expensive newspaper.

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UAE petrol price hike boosts Oman sales

Gasoline price hikes in the UAE have boosted sales in neighbouring Oman this year as motorists cross the border to fill up on cheaper fuel, and some have begun to resell it to UAE firms. "We make about 12 trips a week up and down. We buy 5

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RakBank gets investors' nod for $1bn EMTN

The National Bank of Ras Al Khaimah (RakBank) said it has won approval from shareholders to increase the limit of its Euro Medium Term Notes (EMTN) program from $500 million to $1 billion. In a statement posted on the Abu Dhabi Securities

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