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One has to work almost 6 days to earn enough to buy an iPhone X. (Shutterstock)
June 5th, 2018 - 07:40 GMT

Riyadh Among World’s Costly Cities

People in Riyadh will have to work 24.5 minutes to be able to buy a Big Mac burger, 130.2 hours to earn enough to buy an iPhone X, 52.6 minute to be able to pay for a haircut at a male hair salon and a woman has to work 161 minutes to get a haircut at a ladies beauty parlor.
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Banks have confirmed that they are ready to deal with any law passed by the Lebanese Parliament in the future. (Shutterstock/F. Selivanov)
March 23rd, 2015 - 08:31 GMT

Swiss banker: Era of banking secrecy is officially over

Al Bawaba
January 29th, 2015 - 03:31 GMT

They really haven't hit a floor: oil falls to new six-year lows as US stockpiles more supplies

Fourth-quarter growth held steady at 7.3 percent from a year earlier, slightly better than expectations.
January 21st, 2015 - 04:55 GMT

The double-digit spell comes to an end: China's GDP growth hits 24-year low

Al Bawaba
May 28th, 2014 - 05:32 GMT

Beware ME 'investors': are Swiss banks about to be forced into giving up their secrecy?

“Despite ongoing economic and geopolitical uncertainties, the world’s ultra wealthy population reached an all-time high of 199,235 individuals with a combined fortune of nearly $28 trillion in 2013."
September 16th, 2013 - 07:51 GMT

Which Gulf country has the most billionaires? Take a wild guess

Spot gold was down 4 per cent at $1,296.60 an ounce at 1454 GMT
June 23rd, 2013 - 10:44 GMT

Gold hits 2 1/2 year low as Fed signals an end to easy money

What Turkey and South Africa have in common are current account deficits
June 4th, 2013 - 10:42 GMT

A tale of two emerging markets: Turkey, South Africa

No room for complacency warns forum
January 27th, 2013 - 11:00 GMT

WEF at Davos: Caution over global economy needed

A bidding war is underway for BNP Paribas' lucrative Egyptian retail arm
October 2nd, 2012 - 10:06 GMT

UAE and Morocco enter bidding war for BNP Paribas' Egyptian retail arm

Dubai is an expensive city, but remains attractive for expats
September 16th, 2012 - 01:40 GMT

Dubai's cost of living increasing, as buying becomes a safer bet

The banking sector has been hit by crises in Egypt and Syria, but the bulk of the sector’s revenues continue to be generated by a slacking domestic market
November 14th, 2011 - 04:32 GMT

Syria’s Arab League suspension will spare Beirut markets

Encouraging banks to lend more freely to home buyers or to provide relief to those whose homes are in foreclosure would help unlock consumer spending
August 28th, 2011 - 09:58 GMT

Global recession is a 50% possibility, an expert says

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