Monday 5 December 2016
 
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US Fed eyes two rate hikes this yeaar

The Federal Reserve held interest rates steady on Wednesday and indicated that moderate US economic growth and "strong job gains" would allow it to tighten policy this year, showing policymakers expected two quarter-point hikes by the

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UAE govt employees on LinkedIn up 45pc

The UAE Federal Authority for Government Human Resources (FAHR) and LinkedIn have reviewed progress on their partnership that commenced in April.   It aimed at bringing the 94,000-plus Federal government employee

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Asian stocks set for worst monthly drop in 3 years

Asian shares fell on Monday and looked set for their worst monthly performance in three years after top Federal Reserve officials kept the door open for an interest rate hike in September and Chinese stock markets took a fresh tumble.

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UAE customs authority signs 3-year deal with GTDW

The UAE Federal Customs Authority has signed a three-year deal with the organisers of the Global Trade Development to be the ‘Lead Strategic Partner’ for the Global Customs and Trade Facilitation Summit. The summit is

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The looming US govt shutdown: What happens?

Democrats and Republicans in the US Congress are waging a budget battle that threatens a government shutdown on October 1 unless lawmakers reach a compromise on a federal spending measure. &nb

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Brent set for biggest drop in 2 months

Brent futures held above $102 a barrel on Friday as the steep fall in the previous session gave investors an opportunity to buy, but a cross-market rout triggered by Fed Chairman Ben Bernanke's comments on winding down stimulus capped gains.

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UAE finance ministry issues e-book manual

The UAE Ministry of Finance said it has issued for the first time a federal government e-book manual for financial procedures for 2012. The move comes as part of the ministry's continuous efforts to improve its governmental operations

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Gold, silver retreat from records, eyes on Fed

Silver and gold tumbled on Tuesday as investors sold on uncertainty about the direction of monetary policy in the US, but a softer dollar helped support prices and sentiment. Spot silver ceded nearly 5 per cent to $44.61 an ounce after tou

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Oil steady above $83 on US demand signs

Oil was steady above $83 on Thursday as energy markets shrugged off credit rating downgrades for southern European countries, encouraged by signs that US demand will improve this summer. Standard & Poor's on Wednesday cut Spain'

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Gold slips below 4-month high

Gold edged down on Wednesday, consolidating after rising to its highest level in 2010 the previous day, as physical buying was spurred by worries that the euro zone's debt problems would spread. Bullion could challenge a lifetime high of $

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