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UAE markets hit fresh multi-year highsMarkets in the UAE hit new multi-year highs on Tuesday, delaying an expected bout of profit-taking as upbeat earnings added fuel to the bullish sentiment, while Saudi Arabia and Egypt fell. In Dubai, banks rallied. Dubai Islamic B More… |
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Gold at 2-week peak on hopes for monetary easingGold hovered near a two-week high on Wednesday, helped by hopes central banks will ease monetary policy in a bid to nurture a fragile recovery in the global economy. The European Central Bank is expected to cut interest rates on Thursday i More… |
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GCC utilities ratings 'relatively high'The ratings of utilities in the Gulf region remain relatively high, reflecting both their defensive characteristics and their ownership by and support from their respective governments, according to a report by Moody's. The existing GCC re More… |
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Saudi non-oil business hits 6-month high in JanGrowth in business activity in Saudi Arabia's non-oil private sector rose to a six-month high in January, backed by expansion in new orders and output, said a survey of over 400 private companies published on Sunday. &nb More… |
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Mena crash deaths 3 times higher than rich statesThree to four times more people die in car crashes in the Middle East and North Africa (Mena) than in some advanced countries, according to a new report. More than 1.2 million people worldwide die in road crashes and more than 10 million a More… |
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Saudi index soars on higher oil gainsSaudi stocks opened 0.5 per cent higher on Saturday with gains in all sectors after oil prices rose yesterday and five major banks posted strong third quarter profits. The all-share rose 0.6 per cent to 6,141 points. The oil prices r More… |
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Qatar inflation hits 20-month high in AugQatar's annual inflation for August reached its highest level since at least January 2010, hitting 2.1 per cent year-on-year, data from the Gulf country's statistics authority showed on Wednesday. Consumer prices rose to 0.2 per ce More… |
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UAE ranks high in global competitiveness reportThe UAE has been named among the top 10 countries in over 20 global competitiveness indicators in the 'Global Competitiveness Report 2011/2012' issued by the World Economic Forum (WEF). The WEF report has ranked the UAE 27th global More… |
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Gold surges to record high on Europe fearsSpot gold climbed more than one percent to a record high above $1,920 on Tuesday, as concerns about a worsening euro zone debt crisis and stalled global growth drove investors out of from riskier assets to safe havens, including gold. It w More… |
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Opec Aug oil output to hit 3-year highOpec's oil output is expected to rise in August to its highest in almost three years due to an increase in Nigerian exports and smaller rises from Saudi Arabia and other Gulf producers, said a Reuters survey. Supply from all 12 members More… |
