Sunday , August 28 2016

Recent News

Ajman realty agency, Chinese team discuss investment opportunities

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  AJMAN / WAM Yafea’ Al Faraj , Ajman Real Estate Regulatory Agency (ARRA) Executive Director, held a meeting with a Chinese delegation led by Feng Lu, Director General of the Gulf-Chinese Trading Corporation, to review real estate investment opportunities in Ajman. The delegation was briefed by Al Faraj about ...

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Mohammed makes surprise visit to Dubai Government departments

  DUBAI / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, toured various Dubai government departments on Sunday morning to inspect the quality of services they provide. The visits made mainly to service-oriented departments were aimed at ...

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‘UAE is an example for diversification of income sources’

  ABU DHABI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said that the OPEC’s current market share is at good level despite different views on the oil market. Tweeting on his official Twitter account on Saturday, he added, “We acknowledge and understand the market challenges ...

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Emerging stocks post first weekly drop since July on Fed timing

  Bloomberg Caution rippled through emerging markets on Friday as traders weighed the impact on risk assets from comments by Federal Reserve policy makers about the timing of an interest-rate increase in the U.S. Assets from developing-nation currencies to global stocks gyrated after Fed Chair Janet Yellen spoke to central ...

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US stocks swing as Yellen speech draws near

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 23, 2016.  REUTERS/Brendan McDermid

  New York / Bloomberg U.S. stocks fluctuated amid a batch earnings after erasing an early decline, while investors awaited clues on the path of interest-rate increases before a speech by Federal Reserve Chair Janet Yellen on Friday. HP Inc. sank 4.9 percent after forecasting earnings that may miss analyst ...

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Oil trades near one-week low after surprise US stockpile gain

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  Bloomberg Oil traded near the lowest close in a week as U.S. crude stockpiles unexpectedly increased, keeping supplies at the highest in at least three decades with the peak summer demand period approaching its end. Futures were little changed in New York after falling 2.8 percent on Wednesday. Inventories ...

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European equities mainly rise on German GDP

Pedestrians walk in front of an electric quotation board displaying the Nikkei key index of the Tokyo Stock Exchange in Tokyo on August 19, 2016. 
Tokyo stocks closed higher August 19, ending the week on a positive note as a weaker yen and a rally in oil prices lifted investor sentiment. / AFP PHOTO / KAZUHIRO NOGI

  London / AFP European stock markets mostly rose on Wednesday, shrugging off a largely downbeat session in Asia, with sentiment partly lifted by German economic growth data. Strong foreign trade and buoyant consumption drove Germany’s economy, Europe’s largest, to better-than-expected growth in the second quarter, federal statistics office Destatis ...

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Oil prices drop as market tracks US supplies

  London / AFP Oil prices fell on Wednesday, with Brent stuck below $50, after data showed an increase in US crude stockpiles, adding to supply glut concerns. Data from the American Petroleum Institute (API) Tuesday showed US crude inventories rose by 4.5 million barrels last week. Rising stocks indicate ...

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