Tuesday 28 June 2016
 
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Gold price edges lower, set for weekly gain

The price of gold slipped as the dollar ticked up and European share markets extended their rally but was heading for a weekly gain as buying surged via exchange traded funds.   Spot gold was down 0.2 per cent at

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Lower oil prices squeeze US manufacturing sector

New orders for long-lasting US manufactured goods in December recorded their biggest drop in 16 months as lower oil prices and a strong dollar pressured factories, the latest indication that economic growth braked sharply at the end of 2015.

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GCC roaming prices to be lowered next year

Lower roaming prices in the GCC for phone calls, text messages and mobile data will come into effect from next year. The new rates will be applied in two phases, with lower wholesale prices applied to operators on January 1 and retail customer

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IMF lowers global growth forecasts, cites US weakness

The International Monetary Fund trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States. But the global financial institution said growth prospects for

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Divorce rates fall 47pc in Bahrain: study

A lower divorce rate among newly-wed Bahrainis over the past four years has been attributed to an awareness campaign on rights and responsibilities in marriage.
 A recent study conducted by the Justice, Islamic Affairs and Endowments Mi

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Egypt's GB Auto calls for lower tariffs on car imports

Egypt's largest listed automotive assembler and distributor GB Auto has called for lower tariffs on car imports from the United States and Asia, fearing that free trade agreements signed with Europe, Turkey and Morocco will distort competiti

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‘Qatar’s plans will be unaffected by lower oil prices’

Qatar’s plans will not be affected by lower oil price, but there may be more opportunities for private finance to play a role in the country’s infrastructure, according to experts. Mamoon Alameen, a specialist on proje

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Capital investments in Arab energy to top $684bn

Energy capital investments in the Arab world will total $685 billion over the next five years, according to a new report. The report, by the Arab Petroleum Investments Corporation (Apicorp), was presented to officials and delegate

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Drug firm to supply medications at lower rates

An international drug manufacturer has reportedly agreed to continue supplying medications to Bahrain, after agreeing to lower pharmaceutical rates imposed by the government.  

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Deutsche Bank cuts Aldar price target

Deutsche Bank lowered its price target on Aldar Properties' stock to Dh5 from 7.10 dirhams, citing increased uncertainties on Yas Island receivables and the nature of future government support for the developer. Separately, Citigroup r

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