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Salaries, disposable income, luxuries, and savings; HSBC used these four factors to determine a league table of the best expat destinations from a financial point of view. Here’s the top ten.
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Kipp takes a look at some editorials from the Arabic press. This week: Iraq’s oil targets; US peace talks; Gaddafi and his girls; Jordan’s economy; Israel and Palestine prisoners.
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Saudi inflation rises to 4pc in November
Inflation in Saudi Arabia rose to 4 percent in November 2009, prompted by rising oil prices and cost of food imports, reports Bloomberg, citing statistics published on the Central Department of Statistics web site.
“Food prices will creep up in the coming months, which will keep inflation at 4.6 percent in 2010,” John Sfakianakis, chief economist at Banque Saudi Fransi, told the news agency. “We are seeing a rise in global food prices. Saudi Arabia is not isolated from that.”
Oil prices are currently around $79 a barrel.
Iraq raises crude prices for U.S. Europe, Asia-source
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
Tags: inflation, oil prices, rise, Saudi Arabia.
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