Monday 21 April 2014
 
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Ease Iran sanctions, urges Dubai Ruler

The ruler of Dubai, a Gulf trade and investment hub with strong links to Iran, said in remarks broadcast on Monday that the international community should ease sanctions on the Islamic Republic. Under a deal struck on November 24,

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Brent falls below $108 on US jitters

Brent crude slipped below $108 a barrel on Monday and was on track for its first monthly drop in four months, as tensions over Iran eased and as a potential US government shutdown clouded the outlook for demand. Republicans and De

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Gold edges lower after recent gains

Gold eased on Tuesday but wasn't far from two-month highs hit in the previous session, with investors awaiting minutes from the US central bank's July policy meeting for clues on when it will begin scaling back its commodities-friendly s

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Gold retreats from record as markets recover

Gold prices retreated from early record highs near $1,900 an ounce on Monday, as a rebound in stock markets from last week's lows gathered pace, denting interest in so-called safe haven assets like German bunds and bullion. Although th

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Abu Dhabi apartment rents 'easing'

Rents for apartments in Abu Dhabi are showing signs of further easing up with the completion and handover of several residential projects in the capital and an increased preference by tenants for villas off the island, says a report. The &

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Bahrain retail bank lending eases in Q1

Bahraini retail bank lending to businesses eased slightly in the first quarter, posting its worst performance in more than five years as caution prevails in a Gulf Arab banking system hit by the global financial crisis. Outstanding consume

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Bahrain central bank loosens lending curbs

Bahrain's central bank loosened bank lending curbs on Tuesday due to easing inflationary pressures, the latest move in the oil-exporting Gulf region to help unlock credit markets. States across the world's biggest oil exporting region, inc

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Bahrain consumer prices ease in July

Bahraini consumer prices eased 0.19 per cent in July from the month earlier on lower food costs, government data showed on Sunday. The consumer price index of the smallest Gulf Arab economy fell to 106.3 points on July 31 compared with 106

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UAE rice shortage to ease in Oct

A rice shortage in the UAE due to export curbs is likely to ease in October when producers replenish stocks and boost supplies, traders said on Sunday. But UAE consumers - for whom rice is a major food staple along with bread - will contin

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UAE food inflation seen easing on price curbs

Food and commodity inflation in the United Arab Emirates should ease this year after the Gulf state imposed price controls, but global trends will continue to drive prices, the Ministry of Economy said. The ministry has signed agreements w

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