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Gulf markets upbeat on banks' Q1 resultsGulf investors' focus will remain fixed on corporate first-quarter earnings on Sunday, said experts. Markets in the UAE remained at multi-year highs as upbeat results from banks buoyed optim More… |
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Dubai stocks may escape post-dividend slumpA resurgence of the Dubai stock market's rally this week suggests it may escape a slump which it traditionally suffers around this time of year, thanks to a belief that the emirate's economy is still in the early stages More… |
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Meeting to discuss joint GCC marketBahrain will host a two-day meeting of under-secretaries of GCC finance and economy ministries as part of the kingdom's presidency of the current session. The 40th GCC finance and economy ministries meeting will be chaired by More… |
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Gold hits 10-month low on strong dollarGold hit a 10-month trough below $1,540 an ounce on Thursday as the dollar strengthened ahead of a statement by European Central Bank chief Mario Draghi, after the bank left rates on hold as expected at its latest policy meetin More… |
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Doubts as Dubai stock rally pausesThis year's best-performing Gulf stock market has stumbled in the last few weeks, and while fund managers say a strong economic outlook means the long-term direction is still up, it may be months before the rally resumes. More… |
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Bahrain market to get $3.8m faceliftBahrain's second oldest market will finally get a BD1.45 million ($3.82 million) facelift after four years of delays. Bulldozers will start demolishing the 35-year-old rundown Muharraq Central Market in the next few days and t More… |
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'Don't worry about a stock market drop'A feeling of vertigo may seem natural as Wall Street approaches a record and stock markets around the world climb to their highest levels since 2007. With the Standard & Poor's 500-stock More… |
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Dow rises for 10th day, S&P eyes recordWall Street opened higher on Thursday and the Dow extended its recent winning streak to 10 days in early trading after data showed the labor market recovery was gaining traction. The broader S&a More… |
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Batelco welcomes new TRA rulingBahrain's leading telecom services operator Batelco has welcomed the Telecommunications Regulatory Authority (TRA)'s new ruling which removes regulatory requirement on the company's wholesale international services. Re More… |
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$527m Bahrain market project on trackPlans are underway to inject BD10 million ($26.3 million) into a major state-of-the-art market - five years after it was shelved due to the credit crunch and unrest. The BD200 million Manama Central Market project is being revived More… |
