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IMF slashes growth forecast for Mideast oil exporters

Last Updated: Tuesday, April 14, 2015, 19:05

The International Monetary Fund slashed growth forecasts Tuesday for Middle East and North Africa (MENA) oil exporters over a steep drop in crude prices, raging conflicts and continued uncertainty.

Indian banker named 'Retail Banker of the Year in Middle East'

Last Updated: Thursday, April 9, 2015, 14:10

The award function is the largest retail banking gathering in Asia.

Qatar`s economy grows more than 6% in 2014

Last Updated: Sunday, April 5, 2015, 17:12

Shrugging off any fears regarding the oil price slump, the energy-rich Gulf economy expanded by 6.2 percent last year, according to the ministry of development planning and statistics.

M-East crisis,liquidity conditions to dictate trend on bourses

Last Updated: Sunday, March 29, 2015, 12:15

Rising tensions in the Middle East, liquidity conditions in the market and overall investment trend of foreign funds will largely dictate trend on the bourses in this holiday shortened week, say experts.

Oil falls more than $1 as Middle East supply fears ease

Last Updated: Friday, March 27, 2015, 16:53

Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen.

Markets collapse on geopolitical worries, Sensex tanks 654 points

Last Updated: Thursday, March 26, 2015, 19:06

The NSE Nifty slipped 189 points, or 2.21 percent, to end at 8,342.15, its weakest level in about ten weeks.

Gold price hits 3-1/2 week high as Yemen air strikes rattle markets

Last Updated: Thursday, March 26, 2015, 18:56

Spot gold hit a peak of USD 1,219.40 an ounce and was up 1.2 percent at USD 1,210 at 1240 GMT.

Sensex nosedives 654 points on Middle East tension, F&O expiry

Last Updated: Thursday, March 26, 2015, 16:32

The 50-share NSE index Nifty tumbled below the crucial 8,400-mark by losing 188.65 points, or 2.21 percent, at 8,342.15 after shuttling between 8,499.45 and 8,325.35.

Oil prices up in Asian trade

Last Updated: Friday, March 6, 2015, 09:39

Oil prices rose in Asia today as dealers focused on increasing tensions in the Middle East and Ukraine, while shrugging off concerns about surging US stockpiles, analysts said.

Middle East needs to invest $18 bn on new pipelines

Last Updated: Tuesday, January 13, 2015, 14:29

The Middle East will need to invest around USD 18 billion over the next five years in new pipelines and associated infrastructure to ensure a high volume to weight ratio, according to a global energy agency.

Israel minister apologises to PM over peace talks jibe

Last Updated: Thursday, January 30, 2014, 02:34

Israel`s hard-right economy minister apologised for public attacks on Prime Minister Benjamin Netanyahu over US-backed Middle East peace talks.

Kerry meets Israeli PM on sidelines of Davos forum

Last Updated: Friday, January 24, 2014, 20:59

US Secretary of State John Kerry met on Friday with Israeli Prime Minister Benjamin Netanyahu as he seeks to push forward an intensive Middle East peace drive.