Thursday 5 March 2015
 
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Gold edges up on dollar but heads for 3rd weekly drop

Gold inched up on Friday as the dollar softened, but was heading for a third week of losses on expectations of higher US interest rates and hopes of a deal between Greece and its creditors. Spot gold rose 0.2 per cent to $1,224.50

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Brent holds above $59, up more than 3pc on week

Benchmark Brent crude held above $59 in Asia on Friday, up more than three per cent this week as news of deeper industry spending cuts and a sinking US dollar revived buying. Brent crude for April delivery was trading up 48 cents

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Security boost for Jewellery Arabia show in Bahrain

Security has been beefed up at this year's Jewellery Arabia after robbers got away with a $1 million necklace last year. Almost BD300 million ($790.8 million) worth of brooches, rings, necklaces, earrings, bracelets and more a

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Trust Re increases paid-up capital to $170m

Trust International Insurance and Reinsurance Company (Trust Re) has increased in its paid-up capital, from $140 million to $170 million, which reflects the doubling of its authorised capital to $200 million in June last year. The

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Bahrain steps up coastal patrols

Rapid response teams are patrolling Bahrain's coastline on speedboats to combat illegal fishing practices that are believed to have caused the recent deaths of rare marine species. According to the Supreme Council for the Envi

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Gaza farms devastated by fighting: UN food body

The conflict in Gaza has caused serious damage to crops, herds and fishing as well as greenhouses and irrigation systems, bringing food production to a halt and sending prices sharply higher, the United Nations food body said on Thursday.

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Insurance firm in Bahrain eyes tie-ups

Bahrain-based LIC (International), a regional subsidiary of Life Insurance Corporation of India (LIC), is in advanced negotiations with financial institutions to be part of its distribution channel. The official announcements regarding

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Oil gains $1 on plans for US air strikes in Iraq

Brent crude oil rose by more than $1 towards $107 on Friday after the United States approved air strikes against Islamist militants in Iraq, raising concerns over the security of oil supplies from Opec's second largest producer. Pre

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Toyota gains up 4pc, US market drives profits

Toyota Motor’s reliance on the US market to drive record profits is deepening this year, its latest outlook showed, with strong sales of refurbished SUVs and Camry sedans expected to offset weakness in Thailand and other emerging markets.

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China's oil imports from Iran rise 50pc

China's crude imports from Iran in the first half of the year were up nearly 50 per cent, although shipments in June dropped nearly a third from May to the lowest level in four months. &nb

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