Friday 4 September 2015
 
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plunge

Man drowns as car falls into sea in Bahrain

A man drowned yesterday (August 28) morning after his car plunged into the sea off the Juffair coast. The Interior Ministry confirmed the incident on its Twitter account at around 5am, said a report in the Gulf Daily News (GDN), our s

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Oil prices plunge fuels budget fears in Bahrain

Oil prices plunged again this week to fresh six-year lows, casting doubt on Bahrain’s budget calculations for the next two years. Concerns about a slowdown in Chinese demand following the Asian stock market crash of two days ago dubbed &

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Oil prices plunge fuels budget fears in Bahrain

Oil prices plunged again this week to fresh six-year lows, casting doubt on Bahrain’s budget calculations for the next two years. Concerns about a slowdown in Chinese demand following the Asian stock market crash of two days ago dubbed &

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Global markets plunge ‘won’t impact Bahrain’

Economies of Bahrain and the GCC region may be nearing the zone of discomfort but are far from the danger zone, leading economists have said. According to Bahrain-based economist Dr Akbar Jaffari, who also runs a consultancy called Jafcon, sai

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Saudi stock plunge 'not caused by govt selling'

A Saudi Arabian official denied media reports that this month's plunge of the Saudi stock market was due to government bodies selling shares to raise money following the drop in oil prices, state news agency SPA reported on Wednesday.

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Oil plunge 'won't affect projects' in Bahrain

Bahrain’s Energy Minister Dr Abdulhussain Mirza has said that short-term volatility in oil prices will not affect the kingdom’s future power projects. He was speaking as he attended the inauguration of Bahrain Informat

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UAE ‘can keep spending despite plunge in oil prices’

The large fiscal reserves which the United Arab Emirates has built up will allow it to keep spending on development projects in coming years despite the recent plunge in oil prices, the economy minister said. Although some people

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Manufacturing blow as aircraft orders plunge

Orders for long-lasting manufactured goods slumped in August as demand for commercial aircraft descended from record highs, but investment plans by businesses posted promising gains. Durable goods orders fell 18.2 per cent in Augu

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Manufacturing blow as aircraft orders plunge

Orders for long-lasting manufactured goods slumped in August as demand for commercial aircraft descended from record highs, but investment plans by businesses posted promising gains. Durable goods orders fell 18.2 per cent in Augu

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Arabtec plunge teaches hard lessons on Gulf stocks

The spectacular rise and fall of Arabtec, Dubai's most heavily traded stock, teaches hard lessons about how risky the region remains for investors even as its rapid economic growth lures billions of dollars in fresh funds from abroad.

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