Friday 6 March 2015
 
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Gold falls below $1,200, set for weaker week

Gold dropped below $1,200 an ounce on Friday and was headed for a fifth weekly decline in six, as the dollar rose towards 11-year highs ahead of US jobs data that could provide hints about the timing of a rate increase. Spot gold

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Mubadala GE net profit dips 3.9pc on fee income

Mubadala GE Capital, a joint venture between the Abu Dhabi state-owned fund and General Electric, has reported a 3.9 per cent drop in 2014 net profit as higher proceeds from the sale of financial assets could not offset a slump in fee income.

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Gold rebounds, but set for 4th weekly drop

Gold rebounded and world shares weakened on Friday before a meeting of euro zone finance ministers that could put Greece on its way to exiting the bloc, but prices were still headed for their fourth straight weekly drop. Spot gold

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Bahrain sees massive drop in juvenile crime rate

Juvenile crime in Bahrain has decreased dramatically over the past four years, according to a top legal official. The number of new cases was just one or two a month last year, down from six to eight a day in 2011, revealed Juveni

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Traffic violations drop 16pc in Bahrain

Bahrain's new traffic law is proving effective - with violations dropping by 16 per cent in just a week since the tougher rules were introduced on February 8. The traffic directorate registered a total of 6,014 violations unti

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Petchem prices fall 18pc, biggest drop in 6 years

Global petrochemical prices fell about 18 per cent in December, the biggest month-over-month drop since November 2008, even as energy and naphtha prices continued to slide, according to a report. The prices in the more than $3-tri

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Oil price slide may spur budget changes in Bahrain

A dramatic drop in oil prices over the past six months could force Bahrain's government to change the way it calculates its national budget, it was announced. Oil accounts for more than 80 per cent of Bahrain's revenues, b

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Oil price slide may spur budget changes in Bahrain

A dramatic drop in oil prices over the past six months could force Bahrain's government to change the way it calculates its national budget, it was announced. Oil accounts for more than 80 per cent of Bahrain's revenues, b

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Fresh chicken shortage in Qatar as Saudi supplies drop

Top shopping outlets in Doha have reported a severe shortage of fresh chicken over the past few days due to a decline in supplies from Saudi Arabia, according to a report. The Qatari market depends heavily on imports from Saudi Ar

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Oman crude OSP for Jan falls to lowest in 4 years

The official selling price (OSP) for Oman crude in January will drop by $8.72 to $78.24 a barrel, the lowest since November 2010, Reuters calculations based on data from the Dubai Mercantile Exchange (DME) showed on Friday. Saudi

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