Monday 6 July 2015
 
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Saudi foreign assets dip after dollar surge

The net foreign assets at Saudi Arabia’s central bank fell to SR2.521 trillion ($672.2 billion) in May, down by $6.6 billion or one per cent from the previous month as the kingdom continued to draw down reserves to cover a budget gap cause

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Oil prices ease on higher shale output forecast

Oil futures prices dipped slightly in thin trade on Friday as forecast higher production by US shale oil producers this year added to lingering worries over demand. US July crude shed four cents to $60.41 a barrel as of 0302 GMT a

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Oil prices dip after Saudis say could raise output

Oil futures dipped on Friday after Saudi Arabia said it was ready to raise output further to meet strong demand. US crude prices hit a high of $61.82 a barrel earlier this week, their strongest since May 6, as firm demand and a st

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Eight new hotels, serviced apartments to come up in DIP

Eight new hotels and serviced apartments will be built over the next five years within Dubai Investments Park (DIP) in UAE. The new hotels and serviced apartments, to be built by individual investors, will be of various star categ

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Tata Motors profit down 26pc, misses estimates

Tata Motors, India's biggest automaker by revenue, posted a fall in quarterly profit, missing analyst estimates, due to losses in its domestic business, unfavourable foreign exchange rates and a dip in sales at its Jaguar Land Rover unit.

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Dubai Investments Park spends $1bn on infrastructure

Dubai Investments Park (DIP), the largest integrated commercial, industrial and residential community in the Middle East and wholly-owned by Dubai Investments (DI), has spent over Dh4 billion ($1.008 billion) in the last 17 years aimed at buildi

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Dubai Investments Park spends $1bn on infrastructure

Dubai Investments Park (DIP), the largest integrated commercial, industrial and residential community in the Middle East and wholly-owned by Dubai Investments (DI), has spent over Dh4 billion ($1.008 billion) in the last 17 years aimed at buildi

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Inkas to set up 2nd manufacturing facility in DIP

Leading manufacturer of quality armoured transport and special purpose vehicles Inkas Vehicles has planned to set up another manufacturing facility in the Dubai Investment Park (DIP), a leading integrated commercial, industrial and residential c

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Dubai Investments plans move into education, healthcare

Dubai Investments (DI), the diversified Gulf-based investment group, is in advanced talks to set up a university and a school as part of a move into the expanding education and healthcare sectors, its chief executive said. As in m

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DIP posts 10.5pc rise in warehousing leases in H1

Dubai Investments Park [DIP], the largest self-contained mixed-use in the Middle East, leased over 950,000 sq ft of warehousing facilities in the first six months of 2014, marking a 10.5 per cent increase over the first half of last year.

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