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Bahrain hotels cut rates for F1 seasonBahrain's four-star hotels have slashed room rates from a maximum of BD90 ($235) to as low BD50 per night during the upcoming Formula 1 season in bid to attract visitors, a top official said. All four-star properties were spru More… |
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Mena hotels see 8pc rise in revenue per roomEnd-of-year hotel results for 2012 reveal a steady recovery for the Mena region, with more than 8 per cent RevPAR (revenue per available room) growth over the corresponding period last year, a report said. This was driven by a 4.2 More… |
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India cenbank defies pressure to leave rates on holdIndia's central bank has left interest rates on hold but cut the cash reserve ratio for banks, defying pressure from the government to lower rates for the first time since April but also indicating it may ease policy in early 2013. More… |
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UAE interbank rates at eight-year lowsThey cite several reasons, including the global move toward lower rates and loose liquidity in the UAE market. Either way, it appears to be good news for the UAE central bank, which has repeatedly urged banks to lower their quo More… |
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Gold stays above $1,600, Spain woes supportGold perched above $1,600 an ounce on Wednesday, retaining most of its gains from the previous session as prices were supported by persistent worries over Spain's surging borrowing costs. Gold has attract More… |
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Batelco cuts international call ratesBatelco, the Kingdom’s leading mobile services provider, has announced reduced rates for IDD (International Direct Dial) calls made directly from SimSim lines to twelve destinations for a limited period. Under this scheme, customers using More… |
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Etisalat offers special rates for Arab statesUAE's leading telecoms operator Etisalat has announced a new promotion giving its Wasel Homeland customers the option to enjoy calling five Arab countries and Sri Lanka at 2fils/second. The ‘per-second billing’ option offers new and existi More… |
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Brent breaches $125 on US crude stocks riseBrent crude fell for a second session on Wednesday, breaching $125, on the possibility of a release of strategic oil reserves by the United States even after crude stockpiles in the world's largest oil user rose more than expected last week. More… |
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Gold prices near 2-week high after Fed commentsGold prices steadied around two-week highs on Tuesday after posting their biggest one-day rise since late January in the previous session, boosted by expectations that US interest rates will stay lower for longer and by gains in the euro. &nb More… |
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Gold holds near $1,660 as weaker euro caps gainsGold held near $1,660 an ounce in Europe on Monday, taking a breather after recording its first weekly rise in four last week as weakness in the euro weighed on prices and other commodities like crude oil eased a touch. &nbs More… |
