| UAE banking sector assets outgrow GDP The UAE banking sector, the largest in the Arab world, has assets 1.3 times that of the country's gross national product, or GDP, and ... SR1.1bn aid for industrial projects
 The Saudi Industrial Development Fund has approved 11 loans worth SR1.1 billion for the establishment of nine new industrial projects ... Unemployment Rises In A Third Of US States
Economists and market analysts on Thursday blasted Federal Reserve chief Ben Bernanke after the Fed stunned markets with its unexpected ... New iPhone set for record as China joins global debut
 Apple attracted long lines of shoppers on Friday for the global debut of its latest iPhones, the company's biggest product introduction ... Saudi cement sector demand outlook remains strong
 In its latest updated equity research report on the Saudi cement sector, NCB Capital, the GCC's major wealth manager and the Kingdom's largest ... JPMorgan to pay $920m in civil probes of Whale losses
The "London Whale" trading scandal, once dismissed by JPMorgan Chase & Co CEO Jamie Dimon as a "tempest in a teapot," is costing the ... Saudi Sabic, Al Hilal said to start bond meetings as Fed delays taper Saudi Basic Industries Corp hired banks for what would be the petrochemicals makers' first dollar bond sale since 2010 and Al Hilal Bank ... Etihad to increase India market share
 Passengers on the Indian routes may benefit from the brewing competition which will trigger when Etihad Airways will triple its seat ... India's IT exports to ME to double Exports of Indian electronics and its related services to the Middle East is expected to double in the next two years as the region is one ... BlackBerry to cut 4,500 jobs amid losses
 BlackBerry Friday said it would cut 4,500 jobs as the struggling Canadian smartphone maker retrenches in the face of hefty losses and weak sales of ... Fed provides breathing space
The Federal Reserve's surprise decision to refrain from scaling back monetary stimulus provided a respite to investors in emerging markets, ... Loans become costlier as India hike policy rate
Home, auto and other loans are set to become costlier as the Reserve Bank of India unexpectedly hiked its key policy interest rate by ... US House budget vote triggers showdown
 House Republicans turned up the political heat by passing a spending plan that defunds President Barack Obama's health care law, a ploy that pushes ... Moody's downgrades Ukraine, citing worsening finances
 Moody's lowered Ukraine's bond rating by one notch to Caa1 on Friday and warned of a further cut, saying government reserves were running dry and ... Reprieve widens Asia's window for reform
The Federal Reserve's decision to postpone its rollback of US stimulus offered Asian policy makers extra time to address domestic economic ... Boeing's C-17 production to end in 2015
 Boeing's closure of the C-17 aircraft programme will impact around 20,000 jobs across the United States End of an Era Boeing Co has ... ONGC said to block China in Brazil with Shell
Oil & Natural Gas Corp of India and Royal Dutch Shell will increase their ownership of a Brazilian oilfield, blocking a bid by China's ... 'Grand Theft Auto V' sales race past $1 billion
 "Grand Theft Auto V" raked in more than a billion dollars in a record-shattering first three days on the streets for the unabashedly violent ... Sexy biker look for Versace at Milan show
 Denim, leathers and chains were the look at Versace's Milan Fashion Week show on Friday, as the family-owned brand looks for a possible investor to ... Indian Stabbed To Death In Fight With Compatriot A 42-year old Indian expatriate succumbed to injuries including a stab wound in his chest he sustained during a quarrel with a compatriot ... Syrian Stabbed Twice For Molesting Attacker's Sister A Syrian youth who was allegedly stabbed by his compatriot for allegedly molesting his sister, has been admitted to the intensive care unit of ... | 
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