Reuters reported that the US trade deficit narrowed in April 2012 on slowing global demand, with both imports and exports dropping from record high levels set in March as Europe's slumping economy appeared to take a toll.
The US Commerce Department said that the gap shrank 4.9% to USD 50.1 billion, as imports of goods and services dropped 1.7% to USD 233.0 billion. Exports slipped 0.8% to USD 182.9 billion. Both imports and exports were still the second highest on record.
Wall Streets analysts surveyed before the report had expected a slightly smaller trade gap of USD 49.5 billion. US exports to the 27 nation European Union, which is teetering on the edge of recession stemming from a prolonged debt crisis, fell 11.1% in April 2012 to USD 22.3 billion.
Gatehouse Bank launches new products
Gatehouse Bank (Gatehouse) has launched a number of new products which it says are designed to add value for the benefit of its international client base.
The Tadawul All-Share Index (TASI) continued its upward march for the third con
Banks Sector Drives DFM Index Higher
The DFM General Index dug in at 2,352.21 points on Sunday 20th May 2013.The index spending almost the entire session in the green zone added 56.20 points or 2.45 percent.
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Key Sectors Lead Gains at Qatar Exchange
The QE Index continued pacing its way higher throughout the day to close Sunday’s (20th May 2013) trading in the green territory at 9,009.43, achieving 1.03 percent or 92.53 points for the session. <