Saturday 12 July 2014
 
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Bahrain pledges to boost women's rights

Bahrain has stressed its commitment to implementing laws to improve the status of women and ensure they become equal partners in decision-making. The kingdom's National Action Charter and the Constitution ensure law enforcemen

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Etihad 'will not be rushed on Alitalia decision'

Etihad will not be rushed into making a decision over an investment in struggling Italian airline Alitalia, the chief executive of the Abu Dhabi-based airline said on Monday. "There are no plans to make any announcement at th

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DFSA wins case against UAE firm

Dubai Financial Services Authority (DFSA) said it has won the first contested case before regulatory appeals committee (RAC) in connection with the withdrawal of licences of an UAE-based asset management firm. DFSA is the independent finan

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Egypt minister 'cautious on IMF loan'

Egypt is not ready for a decision on funding from the International Monetary Fund (IMF), the government said on Saturday in a statement that named Mumtaz al-Saeed as the country's new finance minister. 'Regarding the fate of the de

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Bahrain economy records 19.8pc growth

Bahrain's economy has bounced back registering a significant growth of 19.8 per cent during the second quarter of this year due to the government reform efforts, said senior officials, citing data. The growth rate at constant price reg

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Iran slams IEA decision to release oil stocks

Iran on Saturday condemned a decision by oil consumer nations to release strategic crude stocks as politically motivated interference in the market that would not have a sustained impact on prices. 'The measure by the International Ene

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US yet to decide on envoy to Syria

US secretary of state Hillary Clinton said on Saturday Washington had not taken a decision yet on whether to send a US ambasssador back to Syria. US president Barack Obama has been reviewing US policy toward Syria, including whether to ret

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UGB yet to decide on unit sale

Bahrain's United Gulf Bank (UGB) on Monday said it had not yet decided to sell 'certain mature assets', in response to a newspaper article claiming it was close to selling its commercial lending unit. On Sunday, Kuwait's Al-Rai newspaper r

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No decision on foreign ownership cap, says Sorouh

Sorouh Real Estate, the UAE's third-biggest property developer by market value, said on Wednesday it made no decision about whether to allow foreigners to own a greater portion of its shares. Sorouh's executive director of treasury and inv

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Total decision on Saudi refinery before June

French oil and gas company Total said it will decide before the end of June whether to go ahead with a planned refinery in Saudi Arabia as it weighs the impact of rising industry costs. State oil company Saudi Aramco has signed a joint ven

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