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Ola Koenig
Monday, December 21, 2015
Middle East central banks raise interest rates after Federal Reserve hike
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Finance and Economy
Middle East central banks raise interest rates after Federal Reserve hike
UAE central bank raises rates on its certificates of deposit by 25 basis points...
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Transfers between UAE banks hit AED6.6 trillion in 11 months
Banks' transfers constituted 65 per cent of the total monthly transfers through the system...
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Arab bourses continue to slide as oil prices hit 11-year low
Brent blend was trading at $36.05 a barrel, its lowest level since 2004, at 0905 GMT on December 21...
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Energy
Abu Dhabi crude oil output hits 1 billion barrels in 2014
Approximately 808.1m barrels – 80.6 per cent of total production – were exported...
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Kuwait crude oil slips below $30 barrier
Price slumped from $46.5 a barrel in October to $29 two days ago...
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Saudi Arabia's oil exports climb
Country shows no sign of slowing down production despite plunging oil prices...
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Real Estate
GCC property investment expected to retreat next year
Saudi Arabia may witness additional sales next year through the white land tax...
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Dubai's real estate deals hit AED4.1 billion last week
The DLD witnessed the registration of 871 deals, of which 560 were land sales deals...
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News
Yahoo shuts Dubai office to close down Middle East operations
Internet major says the move is to streamline their business...
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Audemars Piguet revives yellow gold class with new Perpetual Calendar model
It will feature a 52-week indicator traced around the parameter of the dial...
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Real estate, tourism projects in Gulf states to hit $20 billion
Latest statistics indicate that the Gulf's population reached 57 million...
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JLL helped Al Rajhi Capial and Arcapita to exit real estate fund
A joint fund of the two companies had acquired seven assets in UAE and Saudi Arabia...
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Ola Koenig
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