Saturday 20 December 2014
 
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plunge

UAE ‘can keep spending despite plunge in oil prices’

The large fiscal reserves which the United Arab Emirates has built up will allow it to keep spending on development projects in coming years despite the recent plunge in oil prices, the economy minister said. Although some people

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Manufacturing blow as aircraft orders plunge

Orders for long-lasting manufactured goods slumped in August as demand for commercial aircraft descended from record highs, but investment plans by businesses posted promising gains. Durable goods orders fell 18.2 per cent in Augu

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Manufacturing blow as aircraft orders plunge

Orders for long-lasting manufactured goods slumped in August as demand for commercial aircraft descended from record highs, but investment plans by businesses posted promising gains. Durable goods orders fell 18.2 per cent in Augu

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Arabtec plunge teaches hard lessons on Gulf stocks

The spectacular rise and fall of Arabtec, Dubai's most heavily traded stock, teaches hard lessons about how risky the region remains for investors even as its rapid economic growth lures billions of dollars in fresh funds from abroad.

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Shares plunge as US slowdown adds to EM woes

World shares slumped to a near four-month low on Tuesday as signs the US economy was stuttering compounded already frayed nerves following a sharp sell-off in emerging markets. A weaker-than-expected report on US factory activity

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Saudi drops on big petchem loss

Saudi shares closed lower on Saturday on petrochemical losses despite rising oil prices. Brent crude futures closed at $123.43 a barrel on Thursday before holidays began in major markets. The all-share closed 0.4 per cent lower at 7862.5 p

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Gold edges up 1pc after 5pc plunge

Spot gold rose more than 1 percent on Thursday, recovering from its biggest fall in more than three years in the previous session. Prices moved up rapidly after the Shanghai Gold Exchange started trading, as investors took advantage of a d

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Mena IPO value plunges 51.6pc in Q2

The value of initial public offerings (IPOs) in the Middle East plunged 51.67 per cent to  $374.77 million in the second quarter this year from $775.40 million during the same period in 2010, according to a report by Ernst &

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UAE house prices set to plunge in 2010

House prices in Dubai and Abu Dhabi are set to fall a further 10 per cent and 13 per cent in 2010 respectively, as residential supply expands in both markets, a Reuters poll showed on Thursday. Dubai's once-booming property market has

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Dubai stocks plunge to 14-month low

Dubai's index slumped to a 14-month closing low as worries over the financial health of Dubai Holding and Friday's global equity sell-off pushed investors to the exit. 'There are jitters about Dubai Holding rolling over some of

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