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IMF cuts US growth forecast to 2.7pcThe International Monetary Fund (IMF) cut its US growth forecast for 2014 to 2.7 per cent yesterday, saying the economy is being held back by "excessively rapid and ill-designed" government spending cuts. The severe sequ More… |
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Growth in 'developing nations to be modest'Risks from advanced economies have eased and growth is firming, despite ongoing contraction in the euro area. However, the pick-up in developing countries will be modest because of capacity constraints in several middle income countries, accordi More… |
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Alba on track to meet growth targetsAluminium Bahrain (Alba), ranked as one of the largest aluminium smelters in the world, continues to focus on meeting its growth targets despite tough LME market prices, said its chairman Mahmood Hashim Al Kooheji. The statement w More… |
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Global airlines' profit to hit $12.7bn in 2013The International Air Transport Association (IATA) said the airline industry is set to make a profit of $12.7 billion profit in 2013, up from a previous forecast of $10.6 billion profit in March. Addressing the gathering of aviati More… |
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Bahrain banking sector set for 12pc growthBahrain's banking sector is set to achieve a growth rate of 10 to 12 per cent in the coming three years, said Al Baraka Banking Group chairman and Union of Arab Banks board member Adnan Yousif. The Kingdom ranks third after Sa More… |
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Japan pledges $32bn aid for African nationsJapan pledged African leaders a $32 billion in public and private support on Saturday to help growth on the continent and encourage Japanese firms to invest there over the next five years. The package, unveiled by Prime Minister S More… |
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Building a better yardstick: the new US GDPThis week the US government released yet another revision of 2013 first-quarter economic growth showing that the economy grew a little less than initially reported - 2.4 percent rather than 2.5 percent on an annu More… |
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Saudi growth will top 4.4pc says ministerSaudi Arabia's economy should grow this year by more than the 4.4 percent anticipated by the International Monetary Fund, its finance minister said in comments reported by the official Saudi Press Agency. More… |
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Tourism grows in Al GharbiaAbu Dhabi’s western region (Al Gharbia) has seen tourism growth over the last five years, according to Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi). It stated that hotel guest numbers in Al Gharbia increased 205 More… |
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Dubai airport posts 9 months of double-digit growthDubai International, the world’s second busiest airport for international passenger traffic, has registered nine straight months of double-digit growth, said a report. The airport recorded 5.41 million passengers in April, u More… |
