Sunday 11 December 2016
 
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Dubai residential property prices down 5pc

The residential property prices in the rental market in Dubai, UAE, plunged 5.1 per cent year-on-year (y-o-y) in October mainly due to a steep fall in apartment and villa prices compared to the same period last year, said a report.

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Oil prices down on strong dollar

Oil prices fell on Friday, under pressure from a strong dollar, but activity was low after the US Thanksgiving holiday and with many traders reluctant to take big new positions ahead of a planned Opec-led crude output cut to be decided next week

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Oil prices slip as focus shifts to details of Opec deal

Oil prices slipped on Thursday as investors questioned whether an Opec agreement to curb oil production - the group's first such deal since 2008 - would be enough to rebalance a heavily over-supplied world market. The Organiza

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Oil prices slip as focus shifts to details of Opec deal

Oil prices slipped on Thursday as investors questioned whether an Opec agreement to curb oil production - the group's first such deal since 2008 - would be enough to rebalance a heavily over-supplied world market. The Organiza

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Oil and gas sector 'must adopt new technologies'

Adoption of new technologies can boost the region’s energy sector in output and competitiveness at a time of reduced oil prices and global competition from new suppliers, according to a regional energy executive. Delivering

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Oil rebound hauls up European stocks

Oil prices bounced back from multi-week lows on Monday, hauling up European stock markets and commodity-linked currencies, on hints that producers were close to reaching an output deal. Crude prices rose more than 1 percent, with

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UAE slashes prices of 762 medicines

The UAE Ministry of Health and Prevention has launched a new initiative to bring down the prices of 762 medicines by up to 63 per cent by early September. Dr Amin Hussein Al Amiri, assistant undersecretary of the UAE Ministry of H

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Oil prices fall as Saudi Arabia dampens prospects of output freeze

Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets.

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Oil steadies as IEA sees balanced market ahead

Oil prices steadied on Thursday after the International Energy Agency forecast crude markets would rebalance in the next few months following several years of heavy overproduction. The IEA, which advises large developed economies

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Hardwood chip prices fall to record low

The prices for globally traded hardwood chips fell to a record low in May 2016, while softwood chip prices reached the highest level in seven months, according to the latest FOEX Chip Price Indexes. Global trade of hardwood chips

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