Monday , August 21 2017
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Recent News

Bank credit to realty sector hits AED281bn

Dubai to launch tourism startup competition copy

Abu Dhabi / WAM Bank financing provided to the property and construction sector in the UAE increased by AED16.5 billion during H1 2017, a growth of 6.2 percent from the end of 2016, bringing to AED281.2 billion the total bank credit channeled to the sector by the end of June. ...

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HBMSU urges boosting UAE-China trade ties

DUBAI / WAM The Hamdan Bin Mohammed Smart University (HBMSU) hosted a roundtable on the ‘Belt & Road Initiative’ and Islamic Finance Executive Strategy to promote economic cooperation between China and the UAE in the non-oil commercial and production sectors. The event was held with the support of the Dubai ...

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IMF meet to focus on economic growth, job creation in Arab World

WASHINGTON / WAM The International Monetary Fund (IMF), Arab Monetary Fund (AMF), Arab Fund for Social and Economic Development (AFESD), and the Government of Morocco are to co-host a high-level conference in Marrakesh, on January 29-30, 2018, on promoting higher economic growth, job creation, and inclusiveness in the Arab World. ...

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Global stock markets mixed as focus shifts to central bankers

Stocks mixed as focus shifts to central bankers copy

Bloomberg Stocks struggled for traction at the start of a week set to be dominated by the gathering of central bankers at Jackson Hole amid growing unease about persistent low inflation. Euro-region bonds gained with Treasuries, while the dollar edged lower. The Stoxx Euro 600 Index declined on thin trading ...

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US stocks rise, dollar steady as investors await fed minutes

US stocks rise as investors await fed minutes copy

Bloomberg US stocks opened higher and the dollar and Treasuries were largely steady as investors held tight before the release of the latest Federal Reserve minutes. European stocks advanced amid growing optimism over the region’s economy. Oil headed for its first gain in three days and base metals railled. Markets ...

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US stocks fall despite fading threat of war with N Korea

Dollar extends gain after retail data; bonds drop copy

Bloomberg The dollar rallied and U.S. stocks nudged lower amid a receding threat of war with North Korea. Treasuries extended losses and the dollar rallied after US retail sales exceeded forecasts last month, boosting speculation the Federal Reserve might lift interest rates again this year. S&P index futures also gained ...

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Middle East stocks sag over mediocre economic outlook

DUBAI / Reuters Middle Eastern stock markets sagged again on Tuesday because of a mediocre economic outlook, with a shock loss at a real estate developer weighing on Dubai and Egypt dropping for a sixth straight day. Union Properties sank 4.3 percent to 0.82 dirham after it reported a 2.29 ...

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Stocks bounce, havens drop as North Korea fears abate

Stocks bounce, havens drop as North Korea fears abate copy

Bloomberg The risk-off mood that gripped markets last week showed signs of easing, with shares in Europe following Asian equities higher and American stock futures advancing as the prospect of a war between the US and North Korea receded. Havens including gold, Treasuries and the yen fell. The Stoxx Europe ...

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