Monday 22 September 2014
 
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economy

UAE jobs set to grow, but living cost fears persist

While the UAE’s economy and job opportunities are expected to grow in the coming six months, residents are still concerned about the rising cost of living, a report said. About 24 per cent of respondents in the UAE consider

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G20 divided on strategy to attain global growth

As the Group of 20 leading economies meet to change no less than the "destiny" of the global economy, members remain divided on how to get there with Germany pushing back at US calls for more government stimulus. Opening

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Cheaper oil no big threat to Gulf economies

Falling oil prices may prove the best medicine for economies in the Arab world, rebalancing growth towards countries struggling to recover from the Arab Spring uprisings without doing major damage to the oil exporters of the Gulf.

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Asian businessmen 'facing red tape hurdle' in Bahrain

Bureaucratic red tape and unequal treatment are a deterrent to continued investment in Bahrain’s economy, Asian businessmen and traders have complained. Speaking during an open forum of the Bahrain Asian Traders Committee (B

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Asian businessmen 'facing red tape hurdle' in Bahrain

Bureaucratic red tape and unequal treatment are a deterrent to continued investment in Bahrain’s economy, Asian businessmen and traders have complained. Speaking during an open forum of the Bahrain Asian Traders Committee (B

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US private sector hiring slows

US companies hired fewer workers than expected in August, but the trend in job growth remained consistent with a sturdy economic performance in the third quarter. That view was reinforced by other data showing only a slight increase in

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Saudi economy positioned for a cyclical rebound

Saudi Arabia’s economy will start gathering pace from the second half of the year, as the non-oil economy adjusts to the labour market initiatives and base effects turn favourable in 2015, a report said. The Saudi economy ap

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Big spending spurs British economy

Big-spending Britons powered the economy in August as they became more confident about the recovery and their finances, though mixed house price data suggested the outlook for the property market was less clear-cut. Consumer confi

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Indian economy grows 5.7pc in Q1

India said its economy grew by 5.7 per cent in the first financial quarter, its fastest pace in more than two years, as the election of a new right-wing government spurred business confidence. The strong expansion in the three mon

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US economy rebounds as demand drives growth

The US economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses. Gross domestic product (GDP) expanded at a 4.2 per c

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