Wednesday 28 January 2015
 
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Saudi housing projects to gain from low oil prices

Saudi Arabia’s Ministry of Housing projects are set to gain from lower oil prices leading to a decline of 25 per cent in costs incurred by customers, according to a report. Businessmen pointed out that service projects have

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Brent steady below $60, heads for 4th weekly decline

Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straig

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Brent steady below $60, heads for 4th weekly decline

Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straig

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Oil plunges to five-year low, floor unsure

Brent crude oil fell on Monday to a five-year low below $68 before recovering most of the losses as investors looked for a price floor after Opec's decision last week not to cut production. US crude and Brent have fallen for f

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Oil hits new 4-year low post Opec as glut looms

Brent crude fell to a fresh four-year low under $72 a barrel on Friday after Opec decided not to cut output, a move investors said would leave oil markets heavily oversupplied. Saudi Arabia blocked calls from poorer members of the

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Brent edges above $78, still near 4-year low

Brent crude edged above $78 a barrel on Friday but remained close to a four-year low because of concern over excess supply and uncertainty over whether oil cartel Opec would cut production at a meeting in two weeks. Saudi Arabian

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Brent falls below $90 to near 4-year low

Brent crude futures fell below $90 a barrel on Friday, close to a four-year low, as rising supply and more grim economic news stretched a months-long slump in oil prices. US crude also slumped nearly $2 to hit its lowest since 201

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Gulf banks show solid growth, despite low interests

Gulf banks have shown healthy earnings growth over the last year and a half despite historically low interest rates, according to a new Standard & Poor’s Ratings Services report. The report titled ‘Economic Recover

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‘Air travel is low-risk for Ebola transmission’: WHO

The risk of transmission of Ebola virus disease during air travel remains low, the World Health Organization (WHO) has reiterated.   “Unlike infections such as influenza or tuberculosis, Ebola is not airborne,” sai

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Tasweeq offers low-sulphur diesel cargo

Qatar International Petroleum Marketing Company (Tasweeq), has offered its first ultra-low-sulphur diesel cargo for export from a new secondary unit at its Laffan refinery, industry sources said. The product could eventually displace th

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