Saturday 6 February 2016
 
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Oil ends 2015 in downbeat mood; outlook bleak

Oil prices headed for a second year of steep losses, despite inching up fractionally in the last trading hours of 2015, as record Opec supply created an unprecedented global glut that may take another year to clear. US West Texas

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GCC firms growing despite challenging business climate

Senior business leaders in the Gulf Cooperation Council (GCC) are optimistic about the economic outlook despite historically low oil prices and anticipated governmnt spending cuts that coul contribute to tougher market conditions next year, ac

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Oil industry slipping into the red as outlook dims

The oil sector is gradually slipping into the red after years of fat profits as the slump in oil prices and a grim outlook bite deeper.   The world's top oil companies have struggled in recent months to cope

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Oil edges up on US GDP data, long-term outlook weak

Oil prices edged up on Friday boosted by stronger than expected US economic data though the longer-term outlook for energy markets remains weak due to a global oil supply glut and uncertainty over economic growth prospects in Asia.

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Lower net income growth on cards for GCC Islamic banks

Islamic banks in the Gulf are facing a gradually weakening operating outlook in 2015-2016, largely due to declining oil revenues, according to a report.   The Standard &

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Al Baraka boost as key outlook revised to stable

Standard & Poor's Ratings Services has said that it had revised its outlook on Bahrain-based Al Baraka Banking Group (ABG) to stable from negative. At the same time, it affirmed the 'BB+' long-term and 'B'

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Managed services outlook ‘upbeat’ in the UAE

The outlook for the UAE’s managed services industry remains bright, with average growth expected in the double-digit level this year and the coming years, according to STME, a leading solutions provider and systems integrator in the Middle

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UAE's SME sector sees positive growth

A total of 85 per cent of small and medium sized enterprises (SMEs) in the UAE have confirmed orders and production increased during the first quarter of the year, according to a report by Gulf Finance Corporation, a wholly-owned subsidiary of S

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Bahrain firms upbeat over business outlook

Bahrain's entrepreneurial firms are optimistic over their business outlook, with revenue and the number of full-time employees expected to increase in the forthcoming months. This was revealed in the Entrepreneurs' Organis

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Arab economies set to register growth of 3pc

Arab economies are expected to see gross domestic product (GDP) growth of three per cent this year, according to a new report. The first edition of the Arab Monetary Fund (AMF)'s "Arab Economic Outlook" report says t

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