Saturday 18 April 2015
 
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Kuwait reassures citizens on strategic food stocks

Kuwait has said that its strategic food stocks were at their highest level, in a message designed to reassure citizens after it joined a Saudi-led military operation in Yemen. "We are continually coordinating with the private

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Brent falls towards $53 after US crude stocks rise

Brent crude fell towards $53 a barrel on Wednesday as US crude stocks were forecast to have surged for the 10th straight week to a new record high, fuelling supply concerns of a global oil glut, although a weaker dollar kept a floor under prices

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Oman plans two initial public offers

Oman's stock market is likely to see two initial share sales before the summer, by a utility firm and a family-owned business, the director-general of the Muscat Securities Market said. “We are expecting some initial pub

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Oil slips towards $60 as oversupply weighs

Brent crude oil fell towards $60 a barrel on Friday as oversupply, underlined by record-high US crude stocks, weighed on the market. US crude inventories rose 7.7 million barrels to 425.6 million barrels last week, rising for a si

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Saxo Bank launches stock market contest for students

Saxo Bank, a fully licensed and regulated Danish bank specialising in online trading and investments, has launched its first ever stock market competition. ‘The Abu Dhabi University Postgraduate Investment Competition 2

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Saxo Bank launches stock market contest for students

Saxo Bank, a fully licensed and regulated Danish bank specialising in online trading and investments, has launched its first ever stock market competition. ‘The Abu Dhabi University Postgraduate Investment Competition 2

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Gulf markets tumble as oil slides below $60

Gulf stock markets plunged in early trade on Tuesday after oil resumed its slide on bearish comments about Opec and weak Chinese manufacturing data. Brent crude prices fell below $60 a barrel for the first time since July 2009 as

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Gulf markets tumble as oil's plunge feeds panic

Gulf stock markets extended their plunge on Sunday as oil's drop to a new five-year low sparked a fresh wave of panic selling. The bourses' losses left Qatar and Bahrain as the only Gulf markets with year-to-date gains. Br

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Abu Dhabi bourse brings in new rules as markets tumble

The Abu Dhabi Securities Exchange (ADX) will temporarily suspend stocks that fall by five per cent under new rules effective from Sunday as slumping oil prices continue to hit markets across the Gulf. Investors have been dumping G

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Most Gulf firms, barring petchem companies, can prosper with $70 oil

Plunging stock markets in the Gulf show investors are panicking about the prospect of $70 oil next year. But heavy state spending means most firms in the region, with the big exception of petrochemical producers,

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