Saturday 29 August 2015
 
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Gold drops as focus shifts to US rate hike

Gold stretched losses from the previous session on Tuesday as the dollar gained on expectations the US Federal Reserve was on course to increase interest rates this year. Fed Chair Janet Yellen may provide more signals of a loomin

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Higher land lease rates causes concern in Bahrain

A decision to increase rates for leasing land in Bahrain from 200 up to 600 per cent has caused concern among business owners. Rates for industrial land will be doubled to BD1 ($2.6) per square metre, rates for logistics services land will incre

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Du unveils special national, international rates

Dubai-based telecommunications operator du has unveiled special rates for both national and international calls in the UAE for Ramadan. The customers can make national calls for only 0.3 fils per second - at a discount of 50 per c

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Du reduces calling rates to Philipines

Dubai-based telecommunications operator du has reduced the international calling rates for its Filipino customers to just 36 fils  ($0.09) per minute, to any number in the Philippines. It represents an extension to the recent

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Divorce rates fall 47pc in Bahrain: study

A lower divorce rate among newly-wed Bahrainis over the past four years has been attributed to an awareness campaign on rights and responsibilities in marriage.
 A recent study conducted by the Justice, Islamic Affairs and Endowments Mi

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Deutsche Bank fined record $2.5bn over rate rigging

Deutsche Bank agreed with US and British authorities to pay a record $2.5 billion to resolve investigations it manipulated benchmark interest rates used to price loans and contracts around the world. As part of the deal, Deutsche

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Egypt's cbank keeps benchmark interest rates unchanged

Egypt's central bank kept its benchmark interest rates unchanged on Thursday (February 26) as it balances the needs to manage high inflation with encouraging economic growth, the bank said in a statement. The bank's moneta

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Ooredoo launches international flat rate offer in Oman

Leading telecommunication operator Ooredoo has launched Oman’s first international flat rate (IFR) offer which will allow mobile business customers to call the top international destinations throughout the day at a flat rate of 99 baizas (

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Bahrain jobless rate stabilises in last quarter

Bahrain has stabilised its unemployment rate at 3.7 per cent, according to Labour Minister Jameel Humaidan. He said 6,065 Bahrainis were employed in the private sector in the last quarter of 2014, which covers October, November an

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HalalTrip launches halal food rating app

Singapore-based HalalTrip has launched an app that allows people to rate and share halal food across the world, according to a report. The free app, which is available for Apple iOS and Android devices, “makes place discover

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