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Gold (XAU) crossing record level
Gold is regarded as a safe haven for investments. It is a scarce commodity. It is said that if you collect all the Gold excavated all-throughout history it would be the size of a standard tennis...
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Federal Reserve emergency intervention
The US federal reserve has set an emergency interest rate cut on Sunday. The news shocked the global economy. This is the biggest sign of how devastating the credit crisis is for Wall Street. “The fear...
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Rumors that CBK will cut rates
Since the Federal Reserve cut its rates less than 12 hours ago the pegged currencies in the region must follow suit. Therefore, the UAE, Bahrain, Qatar & Saudi Arabia will cut rates even though...
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US Federal Reserve rate cut rumors
Rumors are going around that the U.S. Federal Reserve will be cutting rates by 100 basis points (or 1%) this week. News that a number of financial institutions will be going into bankruptcy and the...
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Even more pressure on Gulf states to revalue
The eagerly awaited Fed rate cut will severly intensify the debate about the Gulf Arab pegs to the dollar. Bahrain, Oman, Qatar, Saudi Arabia and the United Arab Emirates have thus far shrugged off...
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Fed actions in chronological order (Article)
Everyone is talking about the Feds actions in the market and I just found this article very interesting. It depicts the US Federal Reserves actions in chronological order. (Reuters) – The Federal...
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US Fed slashes rates, Gulf to follow
US Fed lowers interest rates by 75 basis points (.75%). Gulf countries pegged to the US dollar must follow the Feds cuts. As of now Saudi Arabia and Bahrain have lowered their rates by the same points....
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Qatar lowers interest rate
Qatar has just announced a rate cut of 75 bp (basis points) on its depository facility rate to 2.25%. Thus far Saudi Arabia, Bahrain and now Qatar have been forced to lower their rates, despite rising...
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Record setting Saudi inflation report, more cuts in Qatar
According to the central department of statistics in Riyadh, annual inflation in Saudi Arabia has surged to 8.67% last month from 6.99% in January. The inflation in the economy is primarily caused by a...
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Gulf Arab inflation expected at 8% in 2008
The International Monetary Fund (IMF) has stated that it expected the average Gulf Arab inflation levels to increase in 2008 to 8% from 7% in last year. Inflation has been a major problem in the Gulf...
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