Mena News

 

  Dubaiís economic activities rise
Oct , 02 , 2013  
  According to Department of Economic Development, economic activities in Dubai remained in an upward move, with a 15% increase in licenses issued in August at 1,148 compared to 996 licenses issued during the same period last year; this reflects increasing investor confidence in the Emirate.
 

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  Gold falls on a possible US government shutdown
Oct , 01 , 2013  
  Gold prices fell Monday with the ongoing impasse in the US threatening to lead to a government shutdown this week. Prices declined 0.7% to USD1,327 an ounce on the NYMEX.
 

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  Crude oil declines on concerns of the US government shutdown
Oct , 01 , 2013  
  Crude oil prices declined Monday as investors remained concerned over a possible shutdown of the US government. In addition, weaker-than-expected manufacturing data (HSBC PMI) from China exerted further pressure on prices. Crude oil prices fell 0.5% to USD102.3 per barrel on the NYMEX.
 

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  US personal income and spending rise in August
Sep , 30 , 2013  
  Personal income rose 0.4% in August, coming in line with market expectations. Meanwhile, personal spending grew 0.3% in August, matching market estimates.
 

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  Deterioration in US consumer sentiment less than expected
Sep , 30 , 2013  
  Consumer sentiment deteriorated less than expected with the related index falling to 77.5 in September from 82.1 in August. The reading was above the preliminary reading of 76.8.
 

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  Qatar GDP growth slows marginally to 6.0 percent in Q2
Sep , 30 , 2013  
  Qatarís real growth in gross domestic product slowed slightly to 6.0 percent YoY in the second quarter of 2013 from 6.2 percent in the first quarter.
 

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  UKís economic growth confirmed for 2Q13
Sep , 29 , 2013  
  GDP growth for 2Q13 was confirmed at 0.7% QoQ, unchanged from the previous estimate.
 

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  US 2Q13 GDP growth confirmed at 2.5% QoQ
Sep , 29 , 2013  
  GDP growth for 2Q13 was confirmed at 2.5% QoQ, unchanged from the earlier estimate. The market expected 2.6% QoQ growth.
 

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  US pending home sales decline more than expected
Sep , 29 , 2013  
  Pending home sales in the US declined, with the related index falling 1.6% MoM to 107.7 in August. The market was expecting a decline of 1.0% MoM.
 

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  Fitch assigns 'A+' to Etisalat
Sep , 29 , 2013  
  Fitch Ratings affirmed UAE-based, state-owned Emirates Telecommunications Corporation's (Etisalat) long-term foreign currency Issuer Default Rating (IDR) at 'A+' with a stable outlook.
 

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