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UAE PMI steady, Saudi numbers slow a bitThe S&P Global PMI (Purchasing Managers’ Index) survey for the UAE was at 55.3 for the second month running in May, with the Q2 looking somewhat weaker than Q1, albeit still in 50.0-plus territory and higher than the series average.& More… |
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Saudi inflation remains steady at 1.6pc in April: Al RajhiSaudi Arabia’s inflation rate held steady at 1.6% in April, according to recent data from the General Authority for Statistics (GASTAT). The consumer price index (CPI) increase was primarily driven More… |
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Saudi inflation remains steady at 1.6pc in April: Al RajhiSaudi Arabia’s inflation rate held steady at 1.6% in April, according to recent data from the General Authority for Statistics (GASTAT). The consumer price index (CPI) increase was primarily driven More… |
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Headline office rents steady in Dubai free zonesOffice rents in the prime free zones of Dubai, UAE, held firm during the first quarter as occupancy levels remained high in core areas such as Dubai International Financial Centre, Dubai Media City and Dubai Knowledge Village, said a report. More… |
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Oil steadies, weak fundamentals weigh after volatile weekOil steadied on Friday in a volatile session, as bearish fundamentals pressured prices despite bullish indications earlier in the week. International benchmark Brent crude futures were two cents higher at $34.4 More… |
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Gold slides from 9-week high as stocks steady, dollar firmsGold prices fell as much as one per cent on Friday, retreating from the previous day's nine-week high as stock markets steadied after this week's rout and the dollar strengthened. European stocks edged More… |
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Oil prices steady, all eyes on GreeceOil prices were little changed in thin trade on Friday, with investors focusing on talks aimed at averting a Greek debt default. Brent crude for August delivery was up 19 cents at $63.39 a barrel by 0334 GMT after ending the previ More… |
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New Saudi king ‘holding line on Opec policy’Saudi Arabia's new king is expected to continue a policy of keeping oil output steady to drive out rival producers, though the royal succession has focused market attention on the future of the kingdom's long-serving oil minister. More… |
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Oil steady above $50 as investors take stock after slideBrent crude oil recovered slightly after falling below $50 a barrel on Wednesday for the first time since May 2009, as traders took stock after a sharp slide since the start of the year. A growing supply glut and weak global deman More… |
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Brent steady below $60, heads for 4th weekly declineBrent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straig More… |
