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Moody’s cuts Bahraini banks’ ratings

Moody's Investors Service has downgraded the long-term deposit ratings of three Bahraini banks - BBK, BMI and the National 
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UAE to fix food prices as commodities rise

The UAE plans to combat rising global commodity prices by fixing the cost of about 400 foodstuffs and household products at 70 outlets
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ME construction disputes on the rise

The number of construction disputes in the Middle East region has increased over the past two years, reflecting the global trend,
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Egypt to get $4bn in assistance from Saudi Arabia

Saudi Arabia has agreed to provide cash-strapped Egypt with about $4bn to support its economy, Egypt's state MENA news agency
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Jordan economy may flatline amid Arab Spring revolts

Jordan’s economy could face stagnation this year as political unrest in the region threatens to unhinge its biggest industries and further
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ME seen cutting telco ties to boost growth

Gulf countries, which generate hefty returns from their stakes in regional telecoms firms, will need to reduce those ties so the industry
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Bahrain: Cosmetics industry sales to hit $30m

Bahrain's fragrance and cosmetic industry is on a steady growth path with sales expected to reach $29.9 million by 2014, said a report
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Kuwait expands health sectors, spends more money

Kuwait faces no major problems in the health sector and has increased financial allocations for this expanding sector, a visiting
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Saudi consumer confidence second highest in world

Consumer confidence surged in Saudi Arabia and other Middle East and North African states in the first quarter, but deteriorated in the euro zone periphery
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GCC real estate sector recovering

The evolution of a youthful demographic will lead the way for the property sector as it rebuilds itself in the GCC. With 2011 GDP slated 
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Saudi tops global trade confidence index

Saudi Arabia reported the highest increase in trade confidence in the world in the first quarter of this year, according to a HSBC
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UAE economic growth ‘behind DP World success’

The UAE’s achievements on the economic front, which gave the nation long-term stability and growth, has contributed in a big way
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