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01 February 2025

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IMF welcomes UAE decision to shore up banks

The International Monetary Fund (IMF) said that a decision by the UAE Central Bank to pump liquidity into its banking

UAE council approves bank bonds guarantee law

A UAE council that advises the country's rulers approved a law on Tuesday that will allow the government to guarantee

Saudi oil minister sees supply cut hitting recovery

Any oil supply cut by Opec would raise the price of oil and could hamper efforts to revitalise the global economy,

Kuwaiti oil output to drop below Opec target in February

Kuwait's oil output will fall as much as 100,000 barrels per day (bpd) below its Opec target this month while oilfield

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Iraq to cut rates by 3% from March 1

Iraq's central bank said yesterday it will cut interest rates from 14 per cent to 11 per cent next month as slowing

Police evacuate popular beach to investigate possible bomb

Honolulu police say a popular beach on the island of Oahu has been evacuated as officers and bomb squad officials

34 baby sharks spill out of mum

A Florida fisherman was filmed removing 34 baby sharks from the body of a dead 13-foot hammerhead which was brought to

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Australia rescues 13 shipwrecked Iranians off Pakistan

An Australian warship has rescued 13 Iranians shipwrecked off Pakistan on its way to the Middle East to join an

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Greece on track with fiscal measures

Greece is on track with its fiscal programme to slash deficits and debt and will not need more austerity measures as

Italy urges banks to cut back on dividend

Bank of Italy Governor Mario Draghi asked the banks to cut back on dividend and use their earnings to shore up capital.

Man wields surfboard to fight off shark in Australia

A surfer fought off a shark with his board after being bitten in the leg on Wednesday on Australia's east coast,

Markets tight as Eibor up 20 points

UAE money markets tightened yesterday as the Emirates Interbank Offered Rate (Eibor) jumped by at least 20 basis points