Tuesday 23 December 2014
 
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Brent steady below $60, heads for 4th weekly decline

Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straig

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Brent steady below $60, heads for 4th weekly decline

Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straig

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Oil price declines have shale investors scrambling

Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the US shale energy boom close to their breaking point, while also prompting some well-known fund managers to aggressively buy energy stocks.

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Al Ahlia Insurance posts net profit of $1.8m

Bahrain-based Al Ahlia Insurance has reported a net profit of BD712,112 ($1.8 million) for the second quarter as against BD2.1 million for the same period last year. 'The transient decline was due to the reduction in the actual real

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HSBC profit declines 12pc to $12.3bn

Europe’s largest bank HSBC warned that regulators’ zeal to punish wrongdoing was putting its staff off taking reasonable business risks, as it reported a 12 per cent drop in first-half profit. Lost revenue from closing

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No fresh Mers case in Saudi in 25 days

Saudi Arabia’s Ministry of Health has reported no fresh case of the Middle East Respiratory Syndrome Coronavirus (Mers-CoV) in the past 25 days, said a report. It also claimed that two patients made a full recovery from the

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Commercial Bank of Qatar net profit dips 3pc

Commercial Bank of Qatar (CBQ) suffered a three per cent decline in second-quarter net profit, Reuters calculations based on half-year figures from the bank showed on Wednesday, as higher costs and provisions ove

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Zain Kuwait posts 2pc decline in Q2 profit

Zain, a leading telecom operator in Kuwait, has reported a two per cent decline in second-quarter net profit on Wednesday, matching analysts' estimates.   The former monopoly, which operates in eight countrie

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Expatriate job growth slides in Bahrain

Bahrain has witnessed a sharp decline in employment growth among foreigners, from eight per cent in the first quarter of 2013 to two per cent between January and March this year.   It means employment growth amon

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Saudi illiteracy rates drop 61pc

Saudi Arabia’s illiteracy rates have dropped by 61 per cent during the past nine years, said a report. The kingdom has achieved the goal stated in the Dakar Forum, which took place in Senegal in 2000, in which the participan

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