Brazil's Petrobras weighs Saudi Arabia investments
Thursday,05 November , 2009 -17:25 09
Brazilian energy giant Petrobras is weighing investment opportunities in Saudi Arabia after a visit to the country in October, Petrobras said in a regulatory filing on Wednesday.
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Bahrain central bank suspends real estate caps-Sources
Thursday,05 November , 2009 -17:25 03
Central Bank of Bahrain (CBB) has suspended caps on banks exposures to the region's troubled real estate markets, banking sources said, highlighting regulators' trouble with containing the crisis aftermath.
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Qatar's economy shrinks nominal 4.3 % q/q in Q2....
Thursday,05 November , 2009 -17:24 57
Qatar's nominal gross domestic product fell 4.3 percent in the second quarter compared with the previous three months, hit by a slump in natural gas prices, preliminary official estimates showed on Thursday.
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Qatar cuts corporate tax to lure foreign investors
Thursday,05 November , 2009 -17:24 52
Qatar plans to cut corporate tax to 10 percent next year, Finance Minister Youssef Kamal said on Wednesday, in a move by the Gulf Arab to attract foreign investors. The tax rate is currently as much as 35 percent.
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Qatar's economy shrinks nominal 4.3 % q/q in Q2
Thursday,05 November , 2009 -17:24 46
Qatar's nominal gross domestic product fell 4.3 percent in the second quarter compared with the previous three months, hit by a slump in natural gas prices, preliminary official estimates showed on Thursday.
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Thursday,05 November , 2009 -17:07 11
Gold sales in Abu Dhabi fell by up to 30 percent in October on the year, as higher prices continued to keep consumers at bay, retailers said on Thursday.
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Thursday,05 November , 2009 -13:15 12
Egypt's central bank, with an eye to keeping inflation in check, is expected to keep its key interest rates on hold this week, marking the first pause since it began cutting rates in February.
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Thursday,05 November , 2009 -11:36 08
Ahmed Fadel, chairman of the Suez Canal Authority will announce Suez Canal October revenues amid expectations of reaching $ 400 million due to increase in passing ships figures in comparison with September figures (revenues hit $ 382.5 million), a source in SCA said.
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Thursday,05 November , 2009 -11:16 01
Egypt's net foreign reserves rose to $34.03 billion in May, the Central Bank of Egypt (CBE) said on its website today, from $31.51 billion a month earlier.
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Thursday,05 November , 2009 -09:37 00
Egypt’s economy expanded 4.9 percent in the third quarter, Economic Development Minister Osman Mohamed Osman said, with construction and telecommunications leading the increase.
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