Search Results for: Dubai
Lower oil prices hit UAE and Saudi Arabia economies, latest PMI survey shows
February 4th, 2016
The economies of the UAE and Saudi Arabia slowed further last month, according to monthly trackers of business activity published yesterday, as falling oil prices and a stumbling global economy hit the region. The UAE purchasing managers’ index, which ...
Saudi Arabia Said to Ban Betting Against Its Currency
January 21st, 2016
Central bank said to give directive at Jan. 18 Riyadh meeting Riyal forwards jump to highest in at least 2 decades in Jan. Pressured by plunging oil prices and costly wars in the Middle East, Saudi Arabia moved to ...
UAE eyes new clean energy generation target by 2030
January 21st, 2016
The UAE is looking to increase its target for power generation from clean energy to 30 per cent by 2030, the energy minister said yesterday. “What we know is that at least 25 per cent is going ...
IG Group:Interim Results 2016
January 19th, 2016
H1 2016 results IG Group today issues its results for the first-half of the financial year ending 31 May 2016. Main highlights of the results included: Solid and consistent performance in the first half Net trading revenue(1) up 8.8% ...
HSBC Plans New Mideast Headquarters Near World’s Tallest Tower
January 18th, 2016
20-storey tower to be built in Dubai’s Emaar square by 2017 Construction to start in few days, HSBC to move staff in 2018 HSBC Holdings Plc will start building a new Middle East headquarters near the world’s tallest tower ...
Cyprus is ‘next property investment hotspot’, says agency
January 7th, 2016
Cyprus is set to join London, New York and Paris as a top international property hotspot, says a leading agency. Chestertons International says there has been growing interest from investors for luxurious Cyprus properties, with sales rising 23% in October ...
UAE, China agree to set up RMB clearing hub
December 28th, 2015
The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi (People’s money), local UAE media reported on Sunday. The UAE clearing hub for the Chinese ...
UAE set to benefit from further China investment in 2016
December 17th, 2015
An increasing number of Chinese companies are expected to invest in the UAE’s property and manufacturing sectors next year as the government encourages companies to look overseas for growth, officials said yesterday. Chinese companies are investing more abroad, allowing ...
Russia to launch own crude benchmark in 2016
December 14th, 2015
Russia wants to see its domestic oil blends compete with Brent and WTI as primary global crude benchmarks, according to an official from the St. Petersburg International Mercantile Exchange (SPIMEX). “Our goal is to take a place among the ...
December 14th To 18th: A Week Of Reckoning For Global Stocks If The Fed Hikes Interest Rates?
December 14th, 2015
Are we about to witness widespread panic in the global financial marketplace? This week is shaping up to be an absolutely critical week for global stocks. Coming into December, more than half of the 93 largest stock market indexes ...
