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Recent News

Dubai realty transactions hit AED204bn in 9 months

His Excellency Sultan Butti bin Mejren, Director General of DLD copy

Dubai / Emirates Business Dubai Land Department (DLD) announced that the total value of real estate transactions for the first nine months of this yearreaching AED 204 billion, achieved through 52,170 transactions. According to the report, there were a total of 37,633 transactions for land, residential units and buildings, generating ...

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UAE central bank warns against bitcoin

Abu Dhabi / WAM The UAE Central Bank has warned against Bitcoin, terming it as unofficial and lacking sufficient supervision. The warning was made by Mubarak Rashed Al Mansouri, Governor of the UAE Central Bank, on the sidelines of the Islamic Financial Services Board Summit which started in Abu Dhabi ...

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UAE leads region in global postal services index

DUBAI / WAM The UAE has been ranked first among Arab countries in terms of quality and performance of postal services. Chairman of Emirates Post Group, Mohammed Sultan Al Qadi, said that the UAE’s top regional ranking on the Integrated Index for Postal Development (2IPD), is a great achievement, and ...

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Euro drops with Spain on edge; bonds and oil climb

epa04372047 New ten euro banknotes are shown in Duesseldorf, Germany, 28 August 2014 after the German Federal Bank unveiled the new banknotes. According to European Central Bank, ECB, the new ?10 'resembles the one first issued in 2002, it has been given a fresh look and has several new and enhanced security features. For example, like the new ?5, it includes a portrait of Europa ? a figure from Greek mythology and the origin of our continent?s name ? in the hologram and the watermark.' The new ?10 banknote of the Europa series will start circulating on 23 September 2014, ECB said.  EPA/OLIVER BERG

Bloomberg The euro weakened as investors watched and waited for the next big development in Spain, where Catalan separatists are planning their response after Prime Minister Mariano Rajoy moved to stamp his authority on the region. Candidates for the Fed chief and the odds of US tax reform remain in ...

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Investors jump back as oil market revival beckons

epa01254615 File photo taken April 30 2007 of an oil storage tank at the Venezuelan State Oil Company (PDVSA, as in Spanish) plant in Barcelona, Anzoategui state, Venezuela. Manhattan Federal Tribunal confirmed 13 February 2008 an order to freeze US$300 million which from PDVSA's US banks accounts until the resolution of an international arbitration process between the Venezuelan State-owned enterprise and US Exxon Mobil.  EPA/CHICO SANCHEZ

Bloomberg Oil investors are back in the ring. Hedge funds are finding betting on West Texas Intermediate crude more attractive again, with total positioning on the US benchmark increasing to the highest in almost a year. The surge comes as oil prices have held steady above $50 a barrel—a key ...

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Oil gains, dollar pushes higher as earnings boost US stocks

epa05857775 The automated guided bus 'Olli' at the IBM booth during a media walkabout at the CeBIT computing trade fair in Hanover, northern Germany, 19 March 2017. Reports state that more than 3.000 exhibitors from 70 countries are showing their products and soultions at the fair which expects to see about 200.000 visitors from 20 to 24 March 2017.  EPA/FOCKE STRANGMANN

Bloomberg The dollar strengthened and Treasury yields rose after traders added to bets on higher US interest rates, while the S&P 500 Index climbed towards a fresh record. US equities were bolstered by IBM’s forecast for its first sales growth in five years and better-than-estimated earnings at Abbott Laboratories. Oil ...

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Dollar gains, Treasuries drop on speculation of Fed Chair

epa05614537 An Egyptian currency vendor counting US doilar and euro bank notes in Cairo, Egypt, 02 November 2016. Reports by state news agency MENA state Egypt's Central Bank (CBE) held the local currency, the Egyptian pound stable against the US dollar at EGP 8.78 at the weekly auction 02 November. At the same time, Egyptian pound  weakened considerably in the black market and fell from 18 to 13 pounds against one USA dollar.  EPA/KHALED ELFIQI

Bloomberg The dollar gained and Treasuries slipped on speculation the next Federal Reserve chairman will be more hawkish, while growing concern about the economic impact of Catalonia’s independence movement sent the euro lower. The S&P 500 Index was little changed. Health-care stocks were among the best performers after UnitedHealth Group ...

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Dollar strengthens as oil gains, stocks grind higher

US dollar notes copy

Bloomberg The dollar strengthened and Treasuries fell after Federal Reserve Chair Janet Yellen suggested gradual rate increases are warranted despite soft inflation. Gains in oil and copper drove a gauge of commodities to a six-month high. The S&P 500 Index rose less than 0.1 percent to a record, led by ...

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