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UAE markets slip, investors wary ahead of Q2UAE markets slipped on Tuesday, with investor little swayed to buy ahead of second-quarter earnings, while banks were steady despite three international lenders withdrawing from debt restructuring talks with Dubai Group. Dubai Investments More… |
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UAE banks under pressure as Dubai debt talks falterThe UAE sentiment is seen negative and banks are likely to be hit after Royal Bank of Scotland and two other banks abandoned talks on restructuring Dubai Group's $10 billion debt and threatened legal action, said experts on Tuesday. Th More… |
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UAE Sept inflation hits 3-month highConsumer prices in the UAE rose 0.4 per cent month-on-month in September, the fastest pace in three months, mainly because of higher food and education costs, data from the National Bureau of Statistics showed on Tuesday. The statistics of More… |
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No major Dubai debt hit seen, says UAE ministerThe United Arab Emirates' economic growth is expected to accelerate to up to 3.2 per cent this year and no further major restructuring of Dubai debt is seen, the Gulf country's economy minister said on Saturday. The UAE economy is More… |
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Dubai debt deal ‘removes hurdle for investors’Dubai's recent debt deal for its flagship conglomerate, Dubai World, removes a key hurdle for international investors eyeing investments in the region, a Deutsche Bank executive said on Monday. 'It (the Dubai World debt deal) remov More… |
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European shares hit 17-month highEuropean shares rose to their highest in more than 17 months on Thursday, with banks gaining ahead of a European Union meeting to aid Greece while plans by Dubai to support its debt-laden firms provided relief. By 0942 GMT, the pan-Europea More… |
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UAE deflation at 0.16pc yoy in FebConsumer prices in the UAE declined 0.16 per cent on annual basis in February, slightly less than a decrease of 0.32 per cent in January, data from the National Bureau of Statistics showed on Tuesday. The consumer price index slipped to 11 More… |
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UAE stocks may surge if Dubai backs debt planDubai's debt restructuring proposal will determine the fate of UAE equity markets as the ailing emirate seeks support from Abu Dhabi, with markets poised to rally if the deal includes guarantees, analysts said. Dubai's index has be More… |
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Dubai debt crisis 'to hit UAE growth'The United Arab Emirates' economy is likely to see growth of 0 to 1 per cent this year as the impact of Dubai's debt restructuring continues to be a drag on its performance, an IMF official said on Tuesday. "In 2010, we expect that overall More… |
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Abu Dhabi gains, markets up on Dubai debt hopesAbu Dhabi's index made its largest gain for more than eight months on Sunday and most other Gulf Arab markets also advanced as speculators bet Dubai's immediate debt problems would be resolved. Telecoms stocks helped Egypt surge 6. More… |
