Saturday , March 17 2018

Recent News

FNC, Estonia discuss mutual cooperation

ABU DHABI / WAM Mohammed bin Kardous Al Ameri, Chairman of the Defence, Interior and Foreign Affairs Committee at the Federal National Council (FNC) met Marko Mihkelson, Chairman of the Foreign Affairs Committee of the Parliament of Estonia (Riigikogu), in Abu Dhabi. Al Ameri emphasised the importance of exchanging visits ...

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DIFC completes ‘The Exchange’ building

DUBAI / WAM Dubai International Financial Centre (DIFC) announced on Saturday the completion of ‘The Exchange’ building. Located in DIFC’s Gate Village, The Exchange is a Ground + 8 storey building with a total leasable area of 147,000 sqft, of which 114,000 sq. ft. is office space and 33,000 sqft ...

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Adnoc Distribution signs landmark deal with Géant

ABU DHABI / WAM Adnoc Distribution has unveiled a partnership with global retail brand Géant, in a clear signal that the UAE’s largest fuel and convenience store retailer is becoming more customer-centric in an effort to boost its financial performance. Under the agreement with Urban Foods, which operates Géant in ...

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US stocks turn lower, dollar steady on weak retail report

Bloomberg US stocks sank as weak retail sales fanned concern that consumer spending is cooling, while the dollar held steady on bets the Federal Reserve won’t be forced to quicken the pace of rate hikes. Ten-year Treasury yields tightened. The drop in retail spending provided a second data point, after ...

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Indonesian Bitcoin investors to outnumber stock participants

Bloomberg The biggest Indonesian platform to buy and sell digital currency may soon have more members than the nation’s century-old stock exchange. Indonesia Digital Asset Exchange, formerly known as, will have 1.5 million members buying and selling digital currencies such as bitcoin, ethereum and ripple by the end of ...

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US stocks retreat after tame inflation report; Bitcoin climbs

Bloomberg US stocks pared earlier gains as a decline in oil and technology shares offset speculation that the Federal Reserve won’t be forced to accelerate the pace of rate hikes. Personnel moves in the White House may also be giving traders pause. The S&P 500 Index rose above 2,800 for ...

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US stocks pare some gains on tariff jitters; dollar declines

Bloomberg Stock advances on Monday were tempered by uncertainty over the prospect of new tariffs, but many investors remain bullish following last week’s report of stronger US jobs growth. Treasuries gained, while the dollar and most commodities fell. The S&P 500 Index opened higher— anchored by consumer, energy and tech ...

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Austria’s biggest Bitcoin broker seeks gold-standard rules

Bloomberg Bitcoin should be regulated similar to gold—which benefits from simpler compliance rules than stocks or bonds—according to Austria’s biggest broker of the digital token. While cryptocurrency transactions in the European Union above 10,000 euros ($12,310) should be subject to anti-money laundering rules, applying more onerous financial standards could stunt ...

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