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KSA economy contracts 0.4pc y/y in Q2: Emirates NBDSaudi Arabia recorded a 0.4% y/y contraction in the second quarter, compared with a 1.7% y/y contraction in Q1, according to Daniel Richards, Emirates NBD's Mena economist covering markets in North Africa and the Levant. More… |
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UAE 'maintains economic stability' despite potential Fed impactDespite uncertainties brought about by US Fed decisions, the UAE economy has been holding up with the latest CPI year-over-year figure decreasing from a six-month high of 3.91% to 3.81% at the second half of the year. Meanwhile, the US CPI (co More… |
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UAE 'maintains economic stability' despite potential Fed impactDespite uncertainties brought about by US Fed decisions, the UAE economy has been holding up with the latest CPI year-over-year figure decreasing from a six-month high of 3.91% to 3.81% at the second half of the year. Meanwhile, the US CPI (co More… |
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Gulf central banks raise key ratesCentral banks of Bahrain, Qatar, Saudi Arabia and UAE have increased their key interest rates after the US Federal Reserve raised its key policy rate by three-quarters of a percentage point for the fourth straight time. More… |
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Fed remains focused on inflation, more rate hikes seenMarket players are still in the process of digesting the message from the Federal Reserve, which sent the US markets lower once again yesterday. The markets expected the decision of an interest rate hike More… |
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Fed remains focused on inflation, more rate hikes seenMarket players are still in the process of digesting the message from the Federal Reserve, which sent the US markets lower once again yesterday. The markets expected the decision of an interest rate hike More… |
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UAE Central Bank cuts rateThe Central Bank of the UAE (CBUAE) has announced that, effective March 4, it will lower interest rates applied to the issuance of its Certificates of Deposits in line with the decrease in interest rates on US Dollar. More… |
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Intersec triples rebooking rate for 2021 eventIntersec, the region’s leading trade fair for security, safety and fire protection, has recorded its highest rebooking rate with 150 exhibitors signing up for the 2021 event immediately after January’s show which represents a 200 per More… |
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Bilfinger, US group RATE to boost Mideast operationsBilfinger, the engineering and industrial solutions powerhouse has signed an agreement with California-based sour gas and sulphur management technology licensor RATE to establish a strategic co-operation that would position both companies to acc More… |
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Bilfinger, US group RATE to boost Mideast operationsBilfinger, the engineering and industrial solutions powerhouse has signed an agreement with California-based sour gas and sulphur management technology licensor RATE to establish a strategic co-operation that would position both companies to acc More… |
