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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
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May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Kuwait City - Stock markets in the oil-rich Gulf states opened lower on Wednesday following two days of gains as most global stocks ended in losses on fears of gloomy economic indicators.
The Kuwait Stock Exchange, the second largest Arab bourse, opened down slightly after rising the previous day following eight sessions in the red.
The KSE Index dropped just 0.25% and was still trading above the 11 000-point mark.
The Dubai Financial Market opened 2% lower after rising for two days as the market leader, real estate developer Emaar shed 3%.
The other United Arab Emirates bourse, the Abu Dhabi Securities Exchange opened down 0.6% as the key real estate sector dropped 4.5%.
The smaller Muscat Securities Market opened down 1.5%.
The markets were also affected by a drop in oil prices, the main source of income for the region. New York main contract fell below $70 on Wednesday.
- AFP