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GHC profit jumps 15% grwoth in profit

ABU DHABI — Abu Dhabi’s public sector industrial conglomerate, the General Holding Corporation (GHC), bucked the global economic trends by earning 15 per cent more profit in 2011 over the same period a year ago.

Markets9 years ago

Markets

India economy to recover, more rate cuts seen

India’s economy will pick up this year, although more gradually than previously thought, while average inflation will be slower, giving the Reserve Bank room to cut rates by another 50 basis points during the fiscal year ending March 2013, a poll showed.

Markets9 years ago

Markets

Wealthy Iranians spur luxury car boom

Wealthy Iranians are fuelling an unprecedented luxury car boom despite sanctions hurting their economy, paying up to $360,000 for high-end autos, according to showroom employees and reports on Sunday.

Markets9 years ago