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Oil falls amid concerns over supply glut

Media In-Agencies 18-12-2018 Brent crude prices fell more than a dollar, retreating for a third consecutive session as concern over oversupply is sparked by reports of rising stockpiles and expectations of record oil production in the United States. Traders say prices are under pressure over concerns about future oil demand …

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The train connecting the continent of Africa is nearby

Media IN Agency 16-12-2018 Russia is likely to participate in the construction of a railway linking the African continent, according to the minutes of the meeting of the joint government committee between Russia and Sudan. According to the agency, the pipeline will extend from Dakar to Port Sudan and Cape …

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US stocks close higher

12-13-2018 Media In – Agencies US stocks closed higher today. The Dow Jones industrial average <.DJI> was up 157.03 points, or 0.64 percent, to 24527.27. The benchmark S & P 500 index gained 14.29 points, or 0.54 percent, to 2,551.07. The Nasdaq Composite Index gained 66.48 points, or 0.95 percent, …

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CBB Launches Interbank Purchase Repurchase Tool

MediaIn \ Agencies 10-12-2018 The Central Bank of Bahrain (CBB) said on Sunday it had launched a repurchase tool to help local banks manage their liquidity. The CBB said in a statement that the inter-bank repurchase instrument covers traditional government securities denominated in Bahraini dinar. He added that the move …

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Gold settles near its peak in 5 months

Media In 10-12-2018 Gold prices have stabilized after touching a new five-month high early in the session as the dollar weakened after weak US jobs data boosted speculation that the Federal Reserve may stop raising interest rates sooner than expected. . The spot price of gold stood at $ 1247.99 …

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Oil prices fall after OPEC deal

Media In / Agencies 08-12-2018 Oil prices closed higher than 2 percent on Friday after OPEC members and OPEC allies, led by Russia, agreed to cut output to absorb an abundance of global fuel stocks and support the market, but gains constrained fears cuts would not be enough to curb …

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