Thursday , February 21 2019


DLD inks deals to create sustainable real estate investment environment

Dubai / WAM The Dubai Land Department (DLD), signed three Memorandums of Understanding (MoUs), during its participation as a strategic partner of the Egypt Mega Property Show, held in Cairo with the aim of promoting urban development between the two countries to encourage investment and real estate promotion as well ...

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Canada confirms participation in Expo 2020, eyes new markets

Dubai / WAM Canada confirmed its participation in Expo 2020 Dubai on Saturday, with the aim to explore trade opportunities and access new markets during the next World Expo platform. The G7 nation’s participation was sealed during two separate high-level meetings between Jim Carr, Canada’s Minister of International Trade Diversification, ...

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Trump bows to Democrats, ends shutdown sans wall

Bloomberg President Donald Trump agreed to re-open the federal government for about three weeks without any guarantee Congress would provide money for his proposed border wall, his top campaign promise, capitulating to House Speaker Nancy Pelosi. Trump agreed to a deal hastily negotiated by lawmakers after the 35-day shutdown, the ...

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US jobless claims fall to 49-year low

Bloomberg Filings for US unemployment benefits fell last week to the lowest level since 1969, signalling the labour market remains tight. Jobless claims declined 13,000 to 199,000 in the week ended January 19, bucking economist forecasts for an increase, Labor Department figures showed. The four-week average, a less-volatile measure, decreased ...

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California utilities risk junk-debt status as PG&E unravels

Bloomberg California’s utilities could get closer to junk-bond status as PG&E Corp’s collapse highlights the hazards of wildfire liability in the state. Edison International’s Southern California Edison Co as well as Sempra Energy’s San Diego Gas & Electric Co were downgraded by S&P Global Ratings. The credit grader cited the ...

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