Friday 31 July 2015
 
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Sico posts $9m net profit for H1

Bahrain-based wholesale bank Securities & Investment Company (Sico) has reported its net profit for the first half of the year was BD3.5 million ($9.2 million). When compared with net profit of BD5.1 million for the first six

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Oil prices fall on oversupply fears, outweigh China imports

Oil fell on Friday (May 8), erasing gains earlier in the session, as concerns over oversupply outweighed strong Chinese import figures. Benchmark Brent crude was at $65.42 per barrel at 0500 GMT, down 12 cents after hitting a sess

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Capital gains help double Jordan Ahli Bank's profits

Jordan Ahli Bank boosted net profit by 113 per cent to 34 million dinars ($48 million) last year due to capital gains from divesting its Lebanese subsidiary to a Lebanese bank, bank officials said. Net operating income, including

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Oil poised for biggest weekly gain in four years

Brent crude oil was on track for the biggest weekly rise since 2011 as fighting in Libya and stronger economic signals from the United States helped futures rebound from near six-year lows. Prices have rallied nearly 20 per cent o

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Gold shines in New Year; up 2pc

Gold futures jumped 2 percent on Thursday as bargain hunters resurfaced after prices plunged to a six-month low, but optimism over the global economic outlook and the imminent end of the US Federal Reserve's monetary stimulus could cap gains

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World shares soar to six-year high, Euro firm

World stocks hovered around a six-year high on Friday as the faith in an improving global economy and support from central banks drove markets towards a third straight month of gains. The Nikkei in Tokyo notched up its best Novemb

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Gold reverses losses ahead of US option expiry

Gold reversed earlier losses on Thursday as investors pulled bearish bets ahead of a Comex option expiry and awaited US jobs data later in the day to help gauge the outlook for the Federal Reserve's stimulus measures.    &nb

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Gold extends gains into 3rd session

Gold inched up on Tuesday, stretching its gains into a third straight session as buyers in China continued to snap up deals after bullion's plunge to a three-year low last week. Prices were also helped by short covering that k

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Oil heads for record annual average over $111

Brent crude oil slipped towards $110 per barrel on Monday, averaging more than $111.65 this year, its fourth successive year of annual rises and above the previous record of $110.91 in 2011. Brent fell on worries US lawmakers may

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Saudi tumbles after biggest one-day gain

Saudi Arabia's index fell in early trade on Sunday after notching up its largest one-day gain in 10 weeks yesterday as investors waited for new catalysts to justify further buying. The index slipped 0.4 per cent to 6,681 points. It slu

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