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Remittance flow remains strong

Dubai: When the global financial crisis hit, one of the first things that was initially affected was the flow of remittances. Remittance flows to developing countries reached $316 billion (Dh1.1 trillion) in 2009, a six per cent decrease from $336 ...

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Gold likely to cross $1,500 mark

As the precious metal approaches its tenth consecutive price gain, several factors are set to push it even higher Dubai: For the past nine years, investors have found gold to be, well, as good as gold in terms of annual ...

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Air fares up as Asian travel rebounds

Asia-Pacific airlines are raising ticket prices as travellers return in their droves after holding back on their travel plans last year because of the global recession. A strong economic rebound, led by China, has resulted in carriers filling more seats ...

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Sensex rises to 31 month high

The Bombay Stock Exchange benchmark Sensex on Monday jumped by 338 points to close at a 31-month high on heavy buying in metal, refinery and IT stocks backed by a firming global trend. The 30-share index settled 338.62 points higher ...

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G20 members agree economic recovery to continue

GWANGJU, South Korea – G20 delegates agreed on Saturday global economic recovery would endure although the speed of expansion may slow, a South Korean official said. Kim Jae-chun, deputy governor of South Korea’s central bank who co-chaired the meeting of ...

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