Economy



US current account deficit widens to $113.5bn

WASHINGTON: The deficit in the largest measure of US trade widened in the October-December quarter to the biggest imbalance in more than two years as exports of goods fell at a faster pace than import



China to allow more firms to trade gold

BEIJING/SHANGHAI: China's central bank on Thursday detailed plans on granting more licences for gold imports and exports, while maintaining that it could impose trade restrictions when necessary.




CBQ shareholders approve up to $1bn capital raising

DUBAI: Shareholders of Commercial Bank of Qatar (CBQ) have approved the issue of up to $1 billion in capital-raising instruments, the bank said on Thursday.



Sudan to boost oil output with new wells

KHARTOUM: Sudan hopes to boost oil production by carrying out exploration and drilling wells in new areas including conflict-hit Darfur, its oil minister said on Thursday.



DP World's net profit rises 11.8%

DUBAI: Dubai's DP World, one of the world's largest port operators, posted an 11.8 percentrise in 2014 net profit as profit margins grew in all its regions, the company said on Thursday.






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