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Recent News

Infrastructure projects worth AED1.2bn okayed

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ABU DHABI / WAM The follow-up committee of the initiatives of the UAE President approved the funding of a number of infrastructure and urban development projects across various emirates at a total cost of AED1.2 billion. The effort comes in implementation of the directives of the President His Highness Sheikh ...

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Abu Dhabi Ports begins Fujairah operations

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ABU DHABI / Emirates Business Abu Dhabi celebrated on Saturday the official commencement of operations of Fujairah Terminals in the East coast of the United Arab Emirates. The announcement came following an official event held at Novotel Fujairah, attended by Sheikh Saleh bin Mohammed Al Sharqi, Chairman of the Board ...

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UAE leads dialogue on sustainable industrial development at UNIDO

NEW YORK / WAM Dr Sultan bin Ahmad Sultan Al Jaber, UAE Minister of State, opened the high-level ministerial seminar organised by the United Nations Industrial Development Organisation (UNIDO), and reviewed the role of the industrial sector in ensuring global economic prosperity through its active contribution to achieving UN’s sustainable ...

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Stocks

Stocks mixed ahead of Fed meet; euro gains, oil rises

epa05583372 Monetary threesome...The three currencies involved in volatile exchange rate activity pictured in London 13 October 2016. Britain's one pound coin (R) has been losing value against the US dollar and the euro ever since the United Kingdom voted to leave the EU in a referendum in June 2016. The vote generated the term Brexit and the fall out has seen the pound's value plummet against both currencies  EPA/FACUNDO ARRIZABALAGA

Bloomberg Equity markets were mixed on Tuesday, the dollar fell and Treasuries edged higher before as the Federal Reserve began a two-day meeting and investors awaited Donald Trump’s speech to the United Nations. The S&P 500 Index churned near an all-time high, stuck in one of the tightest ranges in ...

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Stocks advance as US Fed week kicks off; gold drops

epa05850507 US Federal Reserve Chair Janet Yellen responds to a question from the news media during a press conference in Washington, DC, USA, 15 March 2017. Following the conclusion of a two day meeting Chair Yellen announced a quarter of a percentage point increase in their benchmark lending rate.  EPA/SHAWN THEW

Bloomberg US stocks added to records, the dollar halted a two-day drop and Treasuries slipped as investors remained bullish on the American economy ahead of the Federal Reserve’s policy meeting. Gold fell as demand for havens faded. The S&P 500 Index held above 2,500, the Stoxx Europe 600 jumped the ...

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Sterling vulnerable as PM May poised to outline Brexit strategy

epa05408713 (FILE) A file picture dated 22 February 2016 shows British Pounds in London, Britain. The British Pound Sterling on 05 July 2016 dropped to its lowest level in three decades in reaction to the 23 June's referendum in which Britons voted to leave the European Union (EU).  EPA/ANDY RAIN

Bloomberg The pound’s rally, spurred by the Bank of England’s hawkish rhetoric, may be vulnerable to heightened sensitivity to economic data and Brexit uncertainty this week. Sterling rounded off its biggest weekly gain in five months against the dollar, reaching its highest level since just after Britain’s European Union referendum ...

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American equities pull back from records as oil climbs

epa06154278 (FILE) - A file photo dated 30 September 2013 showing sailboats flanked by a large Danish A.P. Moeller Maersk shipping company container vessel in Elsinore, Germany. Reports on 21 August 2017 state Maersk having confirmed that A.P. Moeller Maersk A/S has agreed to sell their Maersk Olie oil operations to Total S.A. in a deal valued at 7.45 billion USD. bAccording to Maersk press release, 'Total will take over Maersk Oil's entire organisation, portfolio, obligations and rights with minimal pre-conditions.'  EPA/KELD NAVNTOFT DENMARK OUT

Bloomberg Stocks pulled back from the rally that had pushed equities to records as oil jumped on a forecast for rising demand. The S&P 500 Index slipped and the Stoxx Europe 600 headed for the first drop in six days after US and global benchmarks closed at all-time highs a ...

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Stocks adding to records as Treasury yields climb

epa05970801 A trader works on the floor of the New York Stock Exchange at the end of the trading day in New York, New York, USA, on 17 May 2017. Stocks were down today reportedly in reaction to uncertainty surrounding political news concerning US President Donald J. Trump and the White House.  EPA/JUSTIN LANE

Bloomberg US stocks added to records and the dollar held gains while Treasuries fell for a second day as the Trump administration plotted strategy for pushing a tax overhaul. The S&P 500 Index edged towards the 2,500 level, lifted by financial stocks as technology shares were little changed before Apple ...

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