Friday 27 March 2015
 
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Egypt's cbank keeps benchmark interest rates unchanged

Egypt's central bank kept its benchmark interest rates unchanged on Thursday (February 26) as it balances the needs to manage high inflation with encouraging economic growth, the bank said in a statement. The bank's moneta

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Ooredoo launches international flat rate offer in Oman

Leading telecommunication operator Ooredoo has launched Oman’s first international flat rate (IFR) offer which will allow mobile business customers to call the top international destinations throughout the day at a flat rate of 99 baizas (

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Bahrain jobless rate stabilises in last quarter

Bahrain has stabilised its unemployment rate at 3.7 per cent, according to Labour Minister Jameel Humaidan. He said 6,065 Bahrainis were employed in the private sector in the last quarter of 2014, which covers October, November an

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HalalTrip launches halal food rating app

Singapore-based HalalTrip has launched an app that allows people to rate and share halal food across the world, according to a report. The free app, which is available for Apple iOS and Android devices, “makes place discover

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UAE's annual inflation rate tops GCC states

Inflation rates across the GCC region ranged between 1.02 per cent and 3.11 per cent in October this year, compared with the same period last year, according to a report by the Statistical Centre for the Co-operation Council for the Arab Countri

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Oil rises to $81 on China rate cut, possible Opec move

Brent crude oil rose to near $81 a barrel on Friday after China cut interest rates and on speculation that Opec could agree next week to reduce oil production. China's central bank cut its benchmark interest rates for the firs

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BCFC closes $53m floating rate notes issuance

Bahrain Commercial Facilities Company has closed a US$53 million floating rate, unsecured note issuance due in 2019. Arab Banking Corporation (ABC) was the sole lead manager, while Trowers & Hamlins acted as lead counsel to th

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Gold holds above $1,200, bearish sentiment prevails

Gold held above $1,200 an ounce on Tuesday, retaining most of its sharp overnight gains following a bout of profit-taking in the dollar, but optimism over the US economy and possibility of higher rates kept investors wary. Spot go

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Sharp rise in divorce rates in Bahrain

Divorce rates in Bahrain were higher last year than at anytime in the past five years, according to the latest figures. The Justice, Islamic Affairs and Endowments Ministry statistics, revealed by lawyer Huda Al Shaer, show that f

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GCC inflation rates up on higher housing prices

Inflation rates jumped across GCC states between 1.21 per cent and 3.1 per cent in the six months ending June this year, driven by higher housing and utility costs. The latest inflation figures issued by the Statistical Centre for

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