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Iraq eyes boost in oil prices in first quarter of 2018

BAGHDAD, Dec 25 (Reuters): Iraqi Oil Minister Jabar al-Luaibi said on Monday he was optimistic there would be a balance between supply and demand by the first quarter of 2018, leading to a boost in oil prices.Global oil inventories have decreased to an acceptable level and there were positive signs...

Indian airlines to add 900 aircraft over next decade

New Delhi, Dec 25 (PTI): Indian airlines are likely to induct more than 900 aircraft in the coming years, with IndiGo alone expected to add 448 planes, according to official data.India is one of the fastest growing aviation markets in the world and most airlines have ambitious expansion plans, especially...

Tunisia bans Emirates flights

Tunisia's transport ministry has announced the suspension of all Emirates Airlines flights to and from the North African country, reports Al Jazeera.The move on Sunday came two days after Tunisian women were denied boarding their flights to Dubai on the United Arab Emirates-based carrier.The transport ministry said in a statement...

China likely to set money growth target at record low

BEIJING, Dec 25 (Reuters): China is likely to set its 2018 money growth target at an all-time low of around 9 per cent to curb debt risks and contain asset bubbles, the official China Daily reported on Monday, citing economists involved in high-level policy discussions.Financial risks have become the biggest...

Gold prices up

New Delhi, Dec 25: Gold prices edged higher by Rs25 to Rs29,875 per 10 grams at the bullion market on Monday on sustained buying by local jewelers, reports livemint. Silver prices also rose by Rs40 to Rs38,700 per kg.Traders said sustained buying by local jewellers kept gold prices higher amid...

Japan to promote fugu exports to Asia

The Japanese government plans to promote exports of fugu, a traditional luxury food item in Japan, targeting wealthy people in China and other Asian nations, according to sources.Fugu, or puffer fish, is rarely seen in overseas marketplaces because of the poison they contain, but the government is aiming to make...

Russian wheat prices stable amid long holiday

MOSCOW, Dec 25 (Reuters): Russian wheat export prices were stable last week amid flat global benchmarks in Chicago and Paris and due to quiet trade ahead of the long seasonal holiday, analysts said on Monday.Black Sea prices for Russian wheat with 12.5 per cent protein content for January delivery were...

Dubai Shopping Festival kicks off today

Dubai, Dec 25: The Dubai Shopping Festival (DSF), the annual citywide shopping extravaganza, starts today (Tuesday), lasting until January 27, featuring huge sales and family entertainment, reports Gulf News.To mark the occasion, Dubai Festivals and Retail Establishment (DFRE), an agency of Dubai Tourism, has highlighted the best things to do...