Saturday 26 July 2014
 
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prices

Oil prices 'may go up on tighter supplies'

Opec and non-Opec oil supply growth will reduce over the next 18 months, a report said, with the average Brent prices for 2014 and 2015 ranging from $106 to $109 and from $103 to $108/bbl, respectively. In a new forecast, the BofA

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Dubai consumer prices surge 2.7pc

The consumer prices in Dubai surged at a record 2.7 per cent in the first half of the year, as compared to the same  period last year, spurred by price escalation in goods and services, said a report.   The

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Bahrain regulator pledges health security

Bahrain's National Health Regulatory Authority (NHRA) will not allow anyone to threaten national health security or tamper with the new medicine prices. NHRA chief executive Dr Baha Eldin Fateha said the authority has necessar

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Dubai prime property prices growth slows

Prices of prime apartments and villas in Dubai grew slower in the fourth quarter of last year compared to the preceding quarters due to a number of 'cooling' steps taken by the authorities, a report said. The prices increased 15

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UAE may need to hike energy prices: minister

The United Arab Emirates is consuming far too much energy and may have to raise prices to encourage consumers to change, the energy minister said. "What is sad is that consumption is double or triple the average of the world,

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Qatar real estate prices down 6.2pc

Real estate prices in Qatar dropped 6.2 percent from May to September this year, according to a Qatar National Bank (QNB) report. The falling real estate prices will slow down the  rate of increase in rent prices, the report

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Saudi housing unit prices to increase 15pc

The prices of housing units are expected to increase up to 15 per cent in the short term, due to the current labour shortage following raids, said a report. More than 1,200 inspectors raided markets and public places across Saudi

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Yemen inflation hits 15-month high

Yemen's annual inflation climbed to a 15-month high of 14.2 per cent in May, mainly due to increases in food, tobacco and qat prices, while June foreign currency reserves fell to their lowest level since August 2012. Inflation

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British house price inflation jumps to 2006 levels

British house prices are rising at their fastest pace in seven years, according to an industry survey on Tuesday that may raise concerns that government lending incentives are creating a new property bubble. The Royal Institution

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Saudi mulls hiking prices of residential units

Saudi Arabia’s real estate sector is considering raising the prices of residential units in the light of soaring labour costs, a report said. Depending on location and area of the unit, prices start at SR900,000 ($240,000),

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