Marios Maratheftis News
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What will 2012 bring? We are in the fifth year of a financial crisis, and it would be wonderful to forecast a strong global recovery. Yet Europe is still trying to right itself, joblessness stays high in the U.S., and China’s ability to escape the malaise in the West remains an open question.
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Egypt’s central bank will probably keep its benchmark interest rate at the lowest level in almost five years in a bid to bolster economic growth after the popular uprising against Hosni Mubarak.
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Provisions taken by banks in the United Arab Emirates for non-performing loans increased to the highest level in more than a year and may damp earnings for the country’s lenders in the third quarter.
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United Arab Emirates’ overall bank deposits exceed loans for an 11th month in August, the central bank on its website today.
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Lebanon’s booming real-estate market is based on solid foundations and isn’t a bubble, said Mounir Douaidy , general manager of Solidere SAL , the largest publicly traded company in Lebanon.
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Advisers to Saudi Arabia’s king approved a long-delayed overhaul of the country’s mortgage law after the monarch pledged more than $82 billion to fund homebuilding, at a time governments across the Middle East are offering concessions to quell political unrest.
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The stadium where Qatar will host the 2022 World Cup final isn’t built yet. Neither is the city.
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Qatar’s central bank lowered its benchmark interest rate for the second time this year as credit growth slowed, banks accumulated cash and the difference between the rates in Qatar and the U.S. led to arbitrage trading.
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Saudi Arabian inflation accelerated for a fourth month in April to a 10-month high of 4.9 percent, the state-run Saudi Press Agency reported on its website, citing the government’s statistics office.
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Dubai’s economy may grow 3.5 percent to 4 percent this year and 6 percent in 2012, spurred by infrastructure spending and foreign investment, according to Farouk Soussa , Citigroup Inc.’s chief Middle East economist.
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