Tuesday 16 September 2014
 
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economy

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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Tunisia's economic growth slows in Q2

Tunisia's economic growth slowed to two per cent year on year in the second quarter reflecting a broad-based slowdown, the state statistics institute said on Wednesday. The economy had expanded by 2.2 per cent in the first qua

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GCC counties account for 90pc capital in Mena IPO

GCC countries had the largest share of initial public offering (IPO) listings in Mena, accounting for 90 per cent of the capital raised through IPOs in Mena in the first half of the year, with 10 IPOs raising nearly $2.1 billion. The GC

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Factory output boosts US economic outlook

US manufacturing output rose broadly in July and automobile production recorded its largest increase in five years, boosting the economy at the start of the third quarter. While other data on Friday showed some cooling in factory

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Saudi economy to grow 4pc this year

Saudi Arabia’s economy is set to grow four per cent this year as its real GDP growth will remain at 3.8 per cent, said a report. The Bank of America Merrill Lynch’s Mena Equity Strategy report pointed out that this &ls

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Bahraini students inject $13.5m into US economy

As many as 459 Bahraini students studying in US universities and colleges have contributed $13.5 million to the US economy during 2012-2013. These estimates are from Carian College Advisors, an education consultancy specialising in US A

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