Wednesday , October 17 2018

Business

China blames US for the trade frictions, says negotiations currently impossible – Beijing unlikely to sell off US debt in trade dispute: researcher

BOAO/BEIJING, China, April 9, (RTRS): China stepped up its attacks on the Trump administration on Monday over billions of dollars worth of threatened tariffs, saying Washington is to blame for trade frictions and repeating it was impossible to negotiate under “current circumstances”. The comments come after US President Donald Trump …

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Arab economies grew by 1.4 percent in 2017

Following is the first part of Arab Monetary Fund (AMF) report on Arab Economic Outlook including forecasts of macroeconomic performance for Arab countries in 2018 and 2019. – Editor In line with its continuous efforts to support policymakers in the Arab region, the Arab Monetary Fund (AMF) releases April edition …

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Al-Ahli Academy win SA Milan Championship Cup

Al-Ahli Football Academy of Kuwait Team (U14) won in Italy’s SA Milan Championship Cup, defeating AC Milan Football Academy of Kuwait by 5-1. The Al-Ahli players had a strong performance in the championship under their coach — Hisham Wajdi. The championship is considered the beginning of titles that Al-Ahli Academy …

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Al-Sabeeh stresses importance of Arab integration – Recurring crisis in Arab world ‘annihilated’ labor markets: Libyan minister

CAIRO, April 8, (KUNA): Minister of Social Affairs and Labor and State Minister for Economic Affairs Hind Al-Sabeeh stressed Sunday the importance of attaining Arab integration in the labor field. Al-Sabeeh made her remarks to KUNA on the sidelines of her special honoring at the 45th session of the Arab …

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Cryptocurrency traders use old gold to draw Islamic investors – Rulings may influence acceptance of virtual currency in Gulf, Asia

In Dubai’s decades-old Gold Souk, customers from around the world haggle over bangles and necklaces. Elsewhere in the emirate, the region’s top centre for gold trade, bullion is playing a new role in financial engineering. A local start-up company founded last year, OneGram, is issuing a gold-backed cryptocurrency — part …

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Trump sees trade deal with Xi – ‘Great future for both countries’

WASHINGTON, April 8, (AFP): US President Donald Trump on Sunday said he sees an end to the escalating trade dispute with China, after tit-for-tat retaliatory tariffs and threats that rattled markets. “China will take down its trade barriers because it is the right thing to do,” Trump said in a …

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Kuwait pledges $680 mln in loans to Lebanon – Paris conference raises over $11bn to help economy

BEIRUT, April 7, (RTRS): Kuwait pledged to lend Lebanon $680 million on Friday during a conference in Paris at which the Lebanese government is seeking support for a capital investment programme to boost its economy, Raed Khoury, the economy minister, told Reuters. Lebanon won aid pledges exceeding $11 billion at …

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Bahrain’s oil discovery to be ranked among top oil reserves – New era of prosperity on the horizon

Bahrain’s first oil discovery in 1932 was so huge that BP, the international oil company, did not want to participate in Kuwait’s oil concession with the Gulf oil company. Bahrain was among the top Arabian Gulf oil producers along with Iran and Iraq prior to any oil discoveries in Saudi …

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Crude drops on Trump’s latest China trade threat – Gold swings higher

LONDON, April 7, (RTRS): Oil prices fell on Friday after US President Donald Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies. Trump said on Thursday he had ordered US trade officials to consider tariffs on an extra $100 billion …

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India to upgrade road and cross-border rail links with Nepal

NEW DELHI (AP) — India pledged Saturday to upgrade road and cross-border rail links with Nepal and develop inland waterways to provide sea connectivity to the landlocked Himalayan nation. Prime Minister Narendra Modi said India would also help Nepal in the field of agriculture through organic farming, soil testing and …

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