Saturday 30 August 2014
 
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Egypt raises key rates days after subsidy cuts

Egypt's central bank raised key interest rates on Thursday in what was seen as an attempt to curb inflation pressures less than two weeks after the government slashed subsidies on fuel and electricity. The central bank raised

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Mobily launches ‘Hala International’ package

Saudi Arabia-based telecom operator Mobily has launched the ‘Hala International’ package with new exclusive features, benefits and best international calling rates in the kingdom.   The package will e

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Drug firm to supply medications at lower rates

An international drug manufacturer has reportedly agreed to continue supplying medications to Bahrain, after agreeing to lower pharmaceutical rates imposed by the government.  

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Egypt central bank 'to keep interest rates on hold'

Egypt's central bank will keep interest rates on hold next Thursday as it balances the need to fight inflation while supporting the currency and stimulating an economy battered by more than three years of upheaval, a Reuters poll showed.

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Lower internet rates 'will boost smart govt adoption'

Lower rates of Internet service will broaden the adoption of UAE’s smart government services, accoding to ICDL GCC Foundation, an organisation that promotes digital skills and cyber safety across the Gulf region and Iraq. &n

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Egypt banks to stick to non-USD forex rates

The Egyptian central bank has instructed banks to 'strictly conform' to prevailing international market rates in trading of non-US dollar foreign currencies, according to a statement seen by Reuters. "Kindly note that

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Bahrain hotels cut rates for F1 season

Bahrain's four-star hotels have slashed room rates from a maximum of BD90 ($235) to as low BD50 per night during the upcoming Formula 1 season in bid to attract visitors, a top official said. All four-star properties were spru

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Mena hotels see 8pc rise in revenue per room

End-of-year hotel results for 2012 reveal a steady recovery for the Mena region, with more than 8 per cent RevPAR (revenue per available room) growth over the corresponding period last year, a report said. This was driven by a 4.2

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India cenbank defies pressure to leave rates on hold

India's central bank has left interest rates on hold but cut the cash reserve ratio for banks, defying pressure from the government to lower rates for the first time since April but also indicating it may ease policy in early 2013.

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UAE interbank rates at eight-year lows

  They cite several reasons, including the global move toward lower rates and loose liquidity in the UAE market. Either way, it appears to be good news for the UAE central bank, which has repeatedly urged banks to lower their quo

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