Tuesday 25 July 2017
 
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Sharp fall in Mideast business confidence

Business confidence across the Middle East has fallen sharply in the last quarter and is now at its lowest level since the second quarter of 2016, according to the latest edition of the Global Economic Conditions Survey (GECS). Th

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Sharp fall in Mideast business confidence

Business confidence across the Middle East has fallen sharply in the last quarter and is now at its lowest level since the second quarter of 2016, according to the latest edition of the Global Economic Conditions Survey (GECS). Th

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Kuwait non-oil business to see 4pc growth

Kuwait’s non-oil growth is expected to improve to 3.5-4 per cent in 2017 and 2018, while inflation is also expected to remain in check as pressures from housing rent ease, and despite some upward pressures from subsidy cuts, a report said.

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Kuwait non-oil business to see 4pc growth

Kuwait’s non-oil growth is expected to improve to 3.5-4 per cent in 2017 and 2018, while inflation is also expected to remain in check as pressures from housing rent ease, and despite some upward pressures from subsidy cuts, a report said.

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Commodities slump on growth worries, gold shines

Two weeks of steep losses have seen the Bloomberg Commodity Index once again trade close to a one-year low with all sectors apart from precious metals suffering  losses this past week, not least energy and soft commodities, not least energy

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Dubai airports to see 90m passengers by year-end

The number of passengers passing through Dubai’s two airports is expected to rise to 90 million by the end of 2017, said the chief executive officer of Dubai Airports. “We are planning to increase the capacity of Dubai

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Brent to average $54 in 2017: report

With global oil stocks still too high and US supply recovering faster than we anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018, says a Bank of America Merrill Lynch (BofAML) report. The sharp

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Bahrain's credit rating ‘backed by wealth values’

Bahrain's Ba2 credit rating with a negative outlook is supported by the country's high wealth levels, a diversified economy and the positive net international investment position, Moody's Investors Service said in a report.

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Saudi reversal of allowance positive for economy

Saudi Arabia’s decision to reverse allowance cut is likely to boost overall consumption in the economy, as higher disposable income will benefit core consumption sectors i.e. retail and food sectors, a report said. Notably t

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Oil price slump could rock bond markets

This could be a quarter that sees relative stability in global bond markets but a dive in the oil price or geopolitical risk could be the rock on which the steady ship founders. Entering springtime and summer always brings in a ce

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