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Gulf markets slump on weak oil, global equities; Egypt bourse nosedives ECONOMY

Gulf markets slump on weak oil, global equities; Egypt bourse nosedives

Several major stock markets in the Middle East dropped over 2% on yesterday as protracted weakness in oil prices and the gloom in equity markets globally prompted investors to dump shares.

4:45 AM November 25 2016
Doha Open all set to begin on Monday at Katara CULTURE

Doha Open all set to begin on Monday at Katara

The sixth edition of the Doha Open boxing championship will be held at the beachfront amphitheatre of the Katara Cultural Village from February 15-17, a Qatar Boxing Federation release stated yesterday.

4:45 AM November 25 2016
Nigerian workers slam power tariff hike INTERNATIONAL

Nigerian workers slam power tariff hike

Thousands of Nigerian workers took to the streets yesterday to protest against a 45% increase in electricity prices that they say will hit the country’s poorest.

4:45 AM November 25 2016
BoJ to disclose negative rate leak probe findings ECONOMY

BoJ to disclose negative rate leak probe findings

Bank of Japan governor Haruhiko Kuroda said yesterday he will publish the outcome of investigations the central bank is conducting into a media leak of its impending decision last month to deploy negative interest rates.

4:45 AM November 25 2016
UAE plans to trim ministries, outsource most govt services: PM ASIA

UAE plans to trim ministries, outsource most govt services: PM

The United Arab Emirates plans to outsource most government tasks to the private sector and cut the number of ministries, the prime minister said on Monday ...

4:45 AM November 25 2016
Bayern seek to calm nerves with win at Leverkusen CULTURE

Bayern seek to calm nerves with win at Leverkusen

Leaders Bayern Munich will be keen to put some turbulent days behind them when they meet fourth-placed Bayer Leverkusen while Borussia Dortmund travel to Hertha Berlin in two top-four Bundesliga clashes tomorrow.

4:45 AM November 25 2016
Lower fares help Mideast air travel fly high at 10.5% growth in 2015 ECONOMY

Lower fares help Mideast air travel fly high at 10.5% growth in 2015

Buoyed up by lower fares, air travel demand surged to the “strongest” level in five years in 2015 with the Middle East region leading the pack with an annual growth of 10.5%, an IATA report shows.

4:45 AM November 25 2016
Oil prices extend gains on dollar-slide, talk of oil producer meeting ECONOMY

Oil prices extend gains on dollar-slide, talk of oil producer meeting

Crude oil futures extended gains from the previous session on Thursday as a weaker dollar and unconfirmed talk of producers potentially meeting to discuss output cuts lifted the market despite record US stocks due to overproduction.

4:45 AM November 25 2016
Newton vs. Manning: Who is the endorsement MVP? CULTURE

Newton vs. Manning: Who is the endorsement MVP?

A year ago, Dannon signed up a new pitchman for its Oikos brand Greek yogurt: Carolina Panthers quarterback Cam Newton. Talk about good timing.

4:45 AM November 25 2016
Sony profit beats estimates as videogames help offset sensor decline ECONOMY

Sony profit beats estimates as videogames help offset sensor decline

Sony Corp, widely regarded as a key supplier of image sensors for Apple’s iPhones, said yesterday it was bracing for a slowdown in the premium smartphone market after sales of its sensors fell in the third quarter.

4:45 AM November 25 2016
Smith’s hiring gives good female news CULTURE

Smith’s hiring gives good female news

A woman made NFL news last week, and she didn’t have to get flung onto a gun-filled sofa or knocked out in an elevator to do it.

4:45 AM November 25 2016
A refugee will be a torch bearer in 2016: Olympic committee INTERNATIONAL

A refugee will be a torch bearer in 2016: Olympic committee

The flame for the 2016 Olympic Games in Rio de Janeiro will pass through a refugee camp in Athens and one refugee will be among the torch bearers ...

4:45 AM November 25 2016