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UAE economic growth hits 4.4pc in 2012Economic growth in the UAE accelerated to 4.4 percent in inflation-adjusted terms in 2012 from a downwardly revised 3.9 percent the previous year as activity picked up across all sectors, its stat More… |
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US consumer mood rises to new highAmericans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader US growth is cooling. More… |
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Gold falls further in longest losing streakGold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drop More… |
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Kuwait ruling may threaten economic recoveryA ruling by Kuwait's top court next month could end a period of relative political stability, jeopardising government plans to push ahead with long-delayed economic projects. More… |
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Dubai non-oil trade jumps to $88.6bn in Q1Dubai's non-oil trade jumped 16 percent in the first quarter and recovery in the emirate's property sector will help keep the pace up this year despite a plunge in trade with Iran and glob More… |
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Subsidies distorting economy, says Saudi ministerSaudi Arabian government subsidies, particularly for fuel, are "increasingly distorting" the economy and the government is trying to address the issue, Economy and Planning Minister Moha More… |
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Subsidies distorting economy, says Saudi ministerSaudi Arabian government subsidies, particularly for fuel, are "increasingly distorting" the economy and the government is trying to address the issue, Economy and Planning Minister Moha More… |
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Saudi non-oil activity hits 5-month low in AprilThe growth in non-oil, private sector business activity in Saudi Arabia slowed to a five-month low in April as a strong rise in new orders eased, a survey showed on Tuesday. The seasonally adjusted SABB HSBC Saudi Arabia Purchasin More… |
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Strong hiring data eases US worriesUS employment rose more than expected in April and hiring was much stronger than previously thought in the prior two months, easing concerns belt-tightening in Washington was dealing a big blow to the economy. Nonfarm payrolls ros More… |
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US April jobs data to point to sluggish economyU.S. employment growth likely picked up in April, but probably not by enough to counter other signs that suggest the economy has lost a step in recent weeks. Nonfarm payrolls are expected to have increased by 145,000 jobs, accordi More… |
