Wednesday 4 March 2015
 
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prices

Dubai residential prices fall as demand dwindles

The residential prices in Dubai during the first six weeks of the year have decreased compared to the previous quarter as international demand dwindles, according to a report. The Phidar Advisory’s first quarter mid-quarter

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Oil up sharply; posts first monthly gain since June

Crude oil rose sharply on Friday as Brent and US futures posted their first monthly gains since June, supported by an improving demand outlook and supply outages. On its way to contract expiration, March New York ultra-low sulfur

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US inflation falls on lower petrol prices

US consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates. Other data on Thursday

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Oil demand is growing, markets calm: Al-Naimi

Saudi Arabia's Oil Minister Ali Al-Naimi said on Wednesday that oil demand is growing and markets are calm, in some of his first public comments since the price of crude rebounded from a near six-year low. Oil crashed by 60 pe

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Bahrain's banking liquidity remains strong

Commercial bank lending in Bahrain is expected to pick up after a slump, and the plunge of oil prices is not hurting liquidity in the banking system, Central Bank of Bahrain Governor Rasheed Al Maraj said yesterday (February 24).

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Oil down for 2nd day but sharply off early loss

Oil prices fell for a second day on Thursday (February 19), after the US government reported another record high in crude inventories, but prices bounced sharply off session lows on relief the builds were less than an industry group had estimate

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More oil price pressure may be ahead

Oil prices may come under more downward pressure before recovering later this year as ample supplies push inventories higher, perhaps towards record highs, the West's energy watchdog said on Tuesday. The International Energy A

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More oil price pressure may be ahead

Oil prices may come under more downward pressure before recovering later this year as ample supplies push inventories higher, perhaps towards record highs, the West's energy watchdog said on Tuesday. The International Energy A

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Oil prices fall to take toll on Bahrain’s budget

Falling oil prices will take their toll on Bahrain's budget for at least two years, the Cabinet heard yesterday (February 9). Guidelines for the proposed blueprint (2015-2016) yesterday took centre stage at the weekly session,

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World food prices fall in January, unlikely to rally

World food prices are unlikely to rise much from their four-year slump as long as high production, low oil prices and limited import demand continue, a senior economist for the United Nations food agency said. The United Nations F

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