Wednesday, September 3, 2014

Africa: A Pot of Gold for Dubai Investors

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Finance and Economy
Africa: a pot of gold for Dubai investors
"The future of business in Africa is promising," reveals a Dubai Chamber of Commerce and Industry report. Released ahead of the Africa Global Business Forum 2014 – taking place on October 1 and 2 at Atlantis...
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DFM Weekly Roundup
A steady week (August 24-28) at Dubai's Financial Market ended with a drop in the General Index on Thursday by 1.67 per cent, marking the first slump in eight sessions
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GAIF conference doors open
The 30th GAIF general conference takes place this week (1st Sept – 4th Sept) in the seaside resort city of Sharm El Sheikh, Egypt. Celebrating 50 years, the General Arab Insurance Federation...
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Transport and Tourism
Dubai hotels enjoy record H1 growth
More than 5.8 million tourists visited Dubai hotels since the beginning of the year, the Department of Tourism and Commerce Marketing (DTCM) has announced.
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Real Estate
Dubai's property surge slowing down
Dubai's property market prices are finally cooling, a report by Phidar Advisory has found. Following an overheated May and June, in the first...
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Ismaik snubs Aabar offer as Arabtec saga resurfaces
Former CEO Hasan Ismaik finally breaks his silence over the future of his 27.9 per cent stake in construction-giant Arabtec. Speaking to...
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Emaar Malls IPO officially announced
Emaar Properties will launch an IPO for Emaar Malls Group (EMG) in September 2014, with shares to be traded a month later...
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Energy
Saudi oil exports down

Saudi crude exports fall to their lowest levels since October 2011; the Joint Oil Data Initiative (JODI) reveals. Exports by the Kingdom reached a three-year low in June...
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Oil production at Badra emerging amidst Iraq crisis
Oil companies from emerging countries, led by South Korean KOGAS and Russian Gazprom, begin crude oil production in Iraq's Badra oilfield. Early on Monday (September 1) the state-run...
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