Thursday 27 November 2014
 
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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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Russia state fund sees ME demand despite sanctions

The Russian Direct Investment Fund (RDIF) is still attracting significant interest from investors in the Middle East and Asia despite sanctions putting off investment from the West, its chief executive said on Thursday. Many Weste

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Gulf banks show solid growth, despite low interests

Gulf banks have shown healthy earnings growth over the last year and a half despite historically low interest rates, according to a new Standard & Poor’s Ratings Services report. The report titled ‘Economic Recover

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Qatari nationality offers for Bahrainis ‘unnecessary'

Bahrainis accepting Qatari nationality are affecting the national interests and security of Bahrain, a top official said last night. Nationality, Passports and Residence Affairs Under-Secretary Shaikh Rashid bin Khalifa Al Khalifa

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Discovery acquires 51pc interest in Eurosport

Discovery Communications has completed the acquisition of a controlling interest in Eurosport International, a leading sports entertainment group.   The company increased its interest in Eurosport to 51 per cent

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Bahrain banks 'must stop hidden charges'

A call has gone out to banks in Bahrain to maintain low interest rates and support the economy, following an announcement by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa last week.   The

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Interest rate fears hit consumer sentiment

Worries about rising interest rates and falling stock prices hit US consumer sentiment in early July, while other data showed a firm rise in wholesale prices that could make the US Federal Reserve more comfortable reducing its monetary stimulus.

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Kuwait debtors' bailout to cost $2.6bn

  A government bailout of Kuwaiti debtors is expected to cost 744 million dinars ($2.61 billion), finance minister Mustapha Al-Shamali said on Tuesday.   The government, under pressure from members

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Saudi banks to post lower profit in 2013

The Saudi Arabian banks are likely to register a lower profit growth this year owing to increasing competition and reduced income from brokerage, according to a report. The pressure on these banks' net interest margin (NIM) wi

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Doha Bank offers home loans at under 4pc

Doha Bank, a leading private bank in Qatar, has launched its new retail mortgage loans portfolio which now features a competitive interest rate of 3.99 per cent. The bank will provide loans of up to 70 per cent of property value f

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