Thursday 31 July 2014
 
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European

Barclays 'to cut thousands of jobs'

Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and US heads of the unit, the Financial Times reported, citing sources. The job cuts are expected t

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Mideast SWFs invest in European industrial market

The European industrial and logistics real estate market saw more investment from sovreign wealth funds (SWF) in the Middle East, said a report. It has attracted more than 14 billion euros ($19.1 billion) of investment in 2013, th

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European Magazine honours Mena firms

Paris Sorbonne University Abu Dhabi won the Mena Education Provider of the Year 2013 award by The European Magazine. The awards acknowledges businesses and organisations that develops and advances the regional economy with several

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UAE consumers 'prefer European-made medicine'

UAE consumers increasingly prefer European-produced imported medicine for their high quality and competitive price, according to a 2013 pharmaceutical industry report. The report from investment bank Alpen Capital stated that betw

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European car market grows 5pc in July

Europe's ailing car market grew in annual terms for only the second time this year in July, supporting hopes of a much-needed stabilisation in the second half of 2013. Registrations of new cars in Europe rose 4.8 percent compa

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Europe to cut the cost of paying by card

The European Commission proposed on Wednesday to cap fees banks charge when processing card payments, potentially cutting costs for shoppers. The draft legislation will also prevent companies such as airlines, for example, from im

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Europe to cut the cost of paying by card

The European Commission proposed on Wednesday to cap fees banks charge when processing card payments, potentially cutting costs for shoppers. The draft legislation will also prevent companies such as airlines, for example, from im

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EU refiners buy Emirati oil to cover shortage

Two cargoes of Emirati crude oil are heading to Europe in a rare arbitrage move as European refiners try to find cheap alternative sour oil after tight supplies pushed up prices on key grade Russian Urals, shipping and trading sources said.

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Egypt's turmoil slows bank divestments

  The dramatic worsening of Egypt's political situation in recent weeks has hurt investor sentiment, making disposals of Egyptian assets is increasingly diffcult for European banks desperate to

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Oil hits three-month high on optimism

  Brent crude oil reached its highest in three and a half months on Wednesday at close to $115 a barrel after better-than-forecast European and US data spurred optimism in the global economy.

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