Thursday 23 October 2014
 
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Brent falls below $90 to near 4-year low

Brent crude futures fell below $90 a barrel on Friday, close to a four-year low, as rising supply and more grim economic news stretched a months-long slump in oil prices. US crude also slumped nearly $2 to hit its lowest since 201

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Gulf banks show solid growth, despite low interests

Gulf banks have shown healthy earnings growth over the last year and a half despite historically low interest rates, according to a new Standard & Poor’s Ratings Services report. The report titled ‘Economic Recover

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‘Air travel is low-risk for Ebola transmission’: WHO

The risk of transmission of Ebola virus disease during air travel remains low, the World Health Organization (WHO) has reiterated.   “Unlike infections such as influenza or tuberculosis, Ebola is not airborne,” sai

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Tasweeq offers low-sulphur diesel cargo

Qatar International Petroleum Marketing Company (Tasweeq), has offered its first ultra-low-sulphur diesel cargo for export from a new secondary unit at its Laffan refinery, industry sources said. The product could eventually displace th

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Qatar spending up 13pc, slowest in 11 years

Qatar's state spending increased 12.7 per cent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed o

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Work stalls on $75m Bahrain labour town project

Low occupancy rates have delayed work on a $75 million labour town built within the Bahrain Investment Wharf (BIW) in Hidd.   The project's first phase has been completed, but only around 50 per cent of the d

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Opec production plunges to 3-year low in March

The oil production from the Organization of the Petroleum Exporting Countries (Opec) plunged 550,000 b/d from February to 29.56 million b/d in March - its lowest level since mid-2011, according to the latest Platts survey of Opec and oil industr

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Dubai rents 50pc lower than London, New York

The prime rents in Dubai rose 13.6 per cent last year, while the lease rates are still below 50 per cent of those found in London and New York, said a report.   "Prime rents in Dubai ended the year almost 14

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New help for Bahraini low-income families

Low-income families in Bahrain who are unable to pay their power bills could benefit from additional government support.   The government already subsidises two-thirds of the cost of power, but is prepared to hel

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Bahra Cables wins $33m contract

Bahra Cables Co, a leading cable manufacturing  company in Saudi Arabia, has won an SR127 million ($33.8 million) contract with Hyundai Heavy Industries to supply low and medium voltage cables. The cables are for the use in t

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