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Business

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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Oil prices could hit record lows in 2016: BP chief

LONDON, Jan 2, (AFP): Struggling oil producers could suffer even more pain in 2016 with further plunges in already record-low prices, BP Chief Executive Bob …

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Mideast funds more bullish on stock, bearish on bonds – poll – Most positive balance on equities since Feb 2014

DUBAI, Jan 1, (RTRS): Middle East fund managers have become more positive on regional equities with a strong bias towards the United Arab Emirates, and …

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2015 equity market winners and losers – Netflix biggest gainer

NEW YORK, Jan 1, (AP): In a flat year overall for stocks, there was still plenty of excitement to be enjoyed — or endured — …

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China December ‘factory’ activity dips; more stimulus needed in ’16 – Services sector ends 2015 on a strong note

BEIJING, Jan 1, (RTRS): China looked set for a soggy start to 2016 after activity in the manufacturing sector contracted for a fifth straight month …

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India to tighten ‘rules’ for credit cooperatives – Move to protect investors

NEW DELHI, Jan 1, (RTRS): India will crack down on errant financial firms that raise funds, mainly from millions of rural poor customers, through loosely …

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Warba Bank opens new branch in Al-Egaila – Move in line with lenders expansion policy across Kuwait

KUWAIT CITY, Dec 29:  For achieving its expansion policy aiming at attracting the larger segment of customers, Warba Bank inaugurates its 9th branch across Kuwait …

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Saudi economic shake-up shows it is planning for cheap oil prices – Aramco chairman says country can wait out rivals

DUBAI, Dec 29, (RTRS): Saudi Arabia’s planned cuts in spending and energy subsidies signal that the world’s largest crude exporter is bracing for a prolonged …

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Kuwait crude to hit $27 in Feb: analyst – Rise in Iran oil cited

KUWAIT CITY, Dec 29, (KUNA): A Kuwaiti oil analyst has forecasted the price of Kuwaiti oil barrel would drop to USD 27 per barrel next …

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KSE index declines 44.6 pts; volume up – KFH drops 10 fils; Zain gains

KUWAIT CITY, Dec 29: Kuwait stocks veered south on Tuesday as it extended the losses to third consecutive session. The bourse, after a tame start, …

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