Sunday , February 17 2019

Business

Singapore GDP growth drops to 2.1 percent in 2015 – Higher borrowing costs likely to further weaken housing market and dampen construction activity

SINGAPORE, Jan 4, (AFP): Singapore’s trade-dependent economy grew by an estimated 2.1 percent in 2015, its worst performance since the 2009 recession, as global demand …

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KSE ‘kicks-off’ year with 46.82 pts slump – NBK falls 10 fils; Americana gains

KUWAIT CITY, Jan 4: Kuwait stocks kicked off the year with a downswing tracking weak regional and global cues. The price index, after a tame …

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Gold prices low at end of 2015 — report

Gold prices ended the last session of 2015 at a low rate for the third year in a row, reaching $1,060 per ounce at the …

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Kuwait bourse ends week on mixed note – Average daily turnover up 15.24 pct

Kuwait Stock Exchange (KSE) ended last week with mixed performance. The Price Index closed at 5,615.12 points, down by 0.09% from the week before closing, …

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Qatar’s real GDP growth slows to 3.8 pct y/y in Q3 – Trade surplus shrinks 54% y/y in November

DOHA, Qatar, Jan 3, (RTRS): Qatar’s Ministry of Development Planning and Statistics released the following preliminary third-quarter gross domestic product data on Sunday, adjusted for …

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Russia halts free-trade deal with Ukraine – Kiev to buy gas from French, British suppliers

MOSCOW, Jan 3, (AFP): President Vladimir Putin on Wednesday signed a decree suspending Russia’s free-trade agreement with Ukraine as of Jan 1. Ukrainian President Petro …

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Housing boom as Mogadishu emerges from ashes of war – Diaspora Somalis return and wealthy businessmen capitalise on relative peace in city

MOGADISHU, Jan 3, (AFP): Somalia’s elegant colonial villas were left in ruins by two decades of street fighting among warlords, and the seaside capital Mogadishu …

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Gulf states begin reforms as oil prices to remain low – Is it not time for Kuwait govt to act?

Last week, Saudi Arabia announced substantial increase in fuel and energy prices within 24 hours. The price of gasoline increased by 66 percent while that …

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Kuwait bourse ends 2015 on weak note

The KSE indices remained muted as we close in to the end of 2015. The markets closed at 5,615.12 down by a mere 4.86 points …

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India notches up one billion mobile phone ‘subscribers’ – Data underscores importance of New Delhi’s fast-growing market

NEW DELHI, Jan 2, (AFP): India notched up its billionth mobile phone subscriber in October, the country’s telecoms regulator said, underscoring the importance of its …

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