Monday 22 December 2014
 
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economy

UAE’s non-oil sector records marked business improvement

The UAE’s non-oil private sector economy has continued to record a marked improvement in business conditions mid-way through the final quarter of the year, according to SABB/HSBC survey data. The SABB/HSBC Emerging Markets I

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Dubai economy ‘coping well with global difficulties’

Dubai's economy is coping well with a difficult global environment and is expected to grow about 4.5 per cent this year, with growth rising above that level in coming years, a senior official of the emirate said on Tuesday. Sh

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Qatar’s economy to remain resilient to lower oil prices

Qatar’s economy is expected to remain resilient to lower oil prices as it has ample resources to continue implementing its infrastructure investment programme, said a report. The international oil market has experienced sign

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Bahrain economy posts 5.1pc growth

Bahrain's economy grew by 5.1 per cent in constant prices and 4.7 per cent in current prices in the third quarter of this year, compared with last year. “The growth momentum covered all oil and non-oil economic sectors,&

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Major Saudi projects 'not at risk' despite budget cuts

Major infrastructure projects in Saudi Arabia, such as the $22.5-billion plan to build a metro rail system in Riyadh, should not be at risk despite expected budget cuts due to the plunging oil prices, said analysts. The spending cuts ar

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Saudi set for tighter 2015 budget

Plunging oil prices could mean the first budget cuts for major exporter Saudi Arabia since 2002 but they are not expected to be large enough to stop growth in the Arab world's biggest economy. The government gets about 90 per

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Saudi set for tighter 2015 budget

Plunging oil prices could mean the first budget cuts for major exporter Saudi Arabia since 2002 but they are not expected to be large enough to stop growth in the Arab world's biggest economy. The government gets about 90 per

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Declining oil prices a boon for consumers

A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. Yet it is also a bonus for consumers as prices fall at the pump, giving individuals more spending money a

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Indian GDP grows 5.3pc as economy loses steam

A slowdown in India's economy in the last quarter will increase calls for Prime Minister Narendra Modi to step up reforms but was less severe than feared, giving the central bank ammunition to resist government pressure to cut interest rates

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Kuwait cabinet calls for steps to address oil price slide

Kuwait's cabinet called for practical steps to address the slide in oil prices at a special session convened to examine weakening energy markets, official media in the petroleum-dependent Opec member country reported.  

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