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In The News

Gulf

Gulf News

Top UAE banks step up lending as confidence rises The 10 largest listed banks in the UAE maintained increasing levels of confidence in the second quarter by recording increased lending activity and a higher return on credit, according to data …

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India

India News This Week

Finance ministry officials to brief parliamentary panel on Ponzi scheme bill Senior finance ministry officials will brief a parliamentary committee later this week on a Bill to ban ponzi schemes. The Banning of Unregulated Deposit Schemes Bill, 2018, which proposes …

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Pakistan

Pakistan News

Pakistan remains undecided on cancelling $400mn loan from ADB With only nine months left in closing of the project, Pakistan has not yet taken a final decision on the cancellation of a $400 million loan, which the Asian Development Bank …

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Shipping

Shipping News

Singapore bunker fuel demand likely to rebound Singapore delivered bunker fuel demand is expected to see an uptick in September, compared with August when some shipowners opted to take their bunker fuel at other ports due to fuel quality concerns, …

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Technology

Technology News

PAKISTAN: Zong 4G continues its speed and network expansion momentum like an F-16: Pakistan’s Leading Data Network, Zong 4G, has risen to earn the distinguished title of being the ‘F-16 of Pakistan’ on account of its fastest 4G speed and …

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Commodity

Commodity News

World oil prices up, OPEC meeting in focus Oil prices were up slightly in heavy, seesaw trading on Friday, giving back most earlier gains after news that major producers would consider additional supply a day after US President Donald Trump …

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Gulf

Gulf News

UAE banking sector tops in GCC with h1 assets surging to dh2.7t The UAE banking sector, currently undergoing a new cycle of consolidation, continues to surpass GCC peers in terms of total assets that had surged two per cent to …

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India

India News This Week

Relief on inflation continues! August WPI eases to 4-month low at 4.53% Inflation based on wholesale prices eased to a four-month low of 4.53 per cent in August on softening of prices of food articles, especially vegetables. The Wholesale Price …

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Pakistan

Pakistan News

FDI drops 35pc as investors wait for economic policy changes Foreign investors largely remained shy of driving up investments in Pakistan’s economy as they waited for clarity on economic policies to be announced shortly by the new government. Foreign direct …

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Shipping

Shipping News

Shipping rates plunge on fears of trade war impact When US President Donald Trump fired the first salvos in his trade war with China, the market for hauling bulk commodities that power the Asian country’s economy responded with a surprising …

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