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Emirates NBD launches new sukuk indexEmirates NBD, a leading bank in the region, today announced the launch of the Emirates NBD Markit iBoxx USD Sukuk Index, covering global USD denominated sukuk (Islamic bonds). The index will contain 98 sukuk from 61 issuers with a More… |
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IHS to merge with Markit to form $13bn firmUS-based IHS, a global information company, agreed to buy Markit to create a $13 billion London-based data and business research provider, in the latest example of a US firm moving its domicile overseas where corporate tax rates are lower. More… |
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Dubai private sector slows down in JanuaryDubai’s private sector experienced the slowest overall improvement in business conditions for almost six years in January, according to latest data. The continued slowdown in the overall performance registered 50.7 on the he More… |
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Dubai property values set to fall in 2016, says surveyThe majority of the real estate agents (47 per cent) are expecting a fall in Dubai property values in 2016, while 32 per cent forecast a rise, said a report. Real estate agents indicated a subdued end to 2015 for the Dubai propert More… |
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Dubai’s private sector rebounds in NovemberDubai’s private sector recorded a modest rebound in business conditions during November, with output, new orders and employment expanding at a faster pace than in the previous month, a report said. As a result, the headline More… |
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Global factory growth accelerates in NovIncreasing demand for manufactured goods drove global factory activity higher last month but the spurt in the euro zone masked a widening disparity among some of the bloc's key members. As year-end approaches, the global econo More… |
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Cross currents to slow, not halt Chinese growthChina's monthly data deluge is likely to confirm that the world's second-largest economy is still moving down through the gears but is not about to come to a screeching halt. Beijing is walking a fine line. More… |
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Weak China factory activity deepens growth worriesGrowth in China's vast factory sector slowed to multi-month lows in June on faltering new orders, a pair of surveys showed on Monday, boding ill for the world's second-largest economy still smarting from fears of a credit crunch. More… |
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Euro zone factory data suggest recessionThe downturn in euro zone manufacturing in October was even deeper than previously thought, according to "grim" business surveys on Wednesday that showed the currency union's debt crisis is dragging its economy back into recession. The fin More… |
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Saudi business activity reboundsGrowth in business activity in Saudi Arabia's non-oil private sector rebounded slightly in October from a series low in the previous month, boosted by a rise in new orders. The SABB HSBC Saudi Arabia Purchasing Managers' Index, which measu More… |
