Saturday 12 July 2014

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


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.


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


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


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'


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 $


Forum to discuss Federal e-Government plan

The first federal e-Government program forum to be held in Dubai will discuss the strategic plan of the Federal e-Government program and also study UAE's progress towards achieving a knowledge-based society. The forum, organised by the Gen

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