Tuesday 26 May 2015
 
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Egypt to launch up to $3bn LNG purchase tender

Egypt is set to launch what will be a highly sought after tender in early June to buy up to $3 billion of liquefied natural gas (LNG) over 2016 and 2017, senior state officials and trade sources said. Egypt has emerged as a major

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Bahrain inflation drops 0.6pc in April

The consumer price index in Bahrain dropped by 0.6 per cent to 122.8 points last month compared with 123.6 in March last year. The index had risen by 2.2 per cent last month to 122.8 points, from 120.1 in April last year, said a r

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Oil edges down buoyed by lower US crude stock

Oil prices edged down on Friday after rising more than two per cent in the previous session, buoyed by lower US crude inventories and geopolitical tension in the Middle East. US crude futures are in their longest winning streak si

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Meat prices may double in Bahrain say experts

Proposed government cuts could result in the price of subsidised meat more than doubling in Bahrain, according to experts. The government on Monday (May 18)  announced plans to reduce spending by BD386 million ($1.01 billion)

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Oil prices edge back from 2015-highs on Yemen concerns

Oil prices have edged back from 2015-highs reached the session before, but remain on course for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. Crude prices have surged

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Brent crude oil prices fall as Opec production soars

Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after Opec said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Countries (Opec) said that i

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Oil turns higher, rallies to 2015 high on Yemen conflict

Crude oil prices jumped to fresh 2015 peaks, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. The terminal is one of the major hubs for the Had

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Saudi hardware retailer to raise $134m from float

Saudi Company for Tools and Hardware (Saco), a popular do-it-yourself (DIY) chain in the kingdom, has set the price for its 30 per cent initial share sale at SR70 ($18.70) each, a statement from the company's financial adviser said on Thursd

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Iron ore in fresh crisis as forward prices crumble

Iron ore is veering to a new crisis as prices for future delivery of the commodity slide 30 per cent in the space of a month, and its outlook is now more bearish than oil and more dire than ever for miners struggling to just stay in business.

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Oil up on uncertain Iran negotiations, German data

Oil prices rose on strong German economic data and uncertainty about negotiations on Iran's nuclear programme, even as a strong dollar curbed oil's bounce a day after futures tumbled six per cent. Brent crude rallied four

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