Mena News

 

  Gold gains on safe-haven status
Sep , 26 , 2013  
  Gold prices increased on Wednesday on its safe-haven status, as investors grew concerned over the US budget and debt ceiling issues. Gold prices rose 0.8% to USD1,333 an ounce on the NYMEX.
 

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  US durable goods orders rise marginally
Sep , 26 , 2013  
  Durable goods orders in the US advanced 0.1% in August after falling 8.1% (revised) in July.
 

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  US new home sales rebound in August
Sep , 26 , 2013  
  New home sales in the US rose 7.9% to 421,000 in August from 390,000 (revised) in July. The market had forecasted the sales to rise to 420,000 from the 394,000 originally reported for July.
 

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  Demand in Dubaiís prime residential market grows
Sep , 26 , 2013  
  According to Knight Frank, the prime residential market in Dubai witnessed strong growth during the year, with rents increasing 15% YoY in June 2013 due to a rising number of corporate tenants entering the market.
 

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  Depa receives Abu Dhabi fit-out project
Sep , 26 , 2013  
  Dubai-based Depa, a global leader in interior contracting, secured an AED574mn fit-out contract for a major government project in Abu Dhabi.
 

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  Dubai passenger traffic reaches 6mn in August
Sep , 25 , 2013  
  Dubai Internationalís monthly passenger traffic grew 23.8% YoY to 5.9mn in August 2013 from 4.8mn in the corresponding month of last year.
 

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  Egypt current account deficit falls to USD5.58b in year to June
Sep , 25 , 2013  
  Egyptís current account deficit narrowed to USD5.58bn in the fiscal year to end-June from USD10.15bn in the year to end-June 2012.
 

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  US home prices grow at fastest rate in seven years
Sep , 25 , 2013  
  Home prices in the US grew at the fastest rate in seven years, with the S&P/Case-Shiller index rising 12.4% YoY in July.
 

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  Gold rebounds on bargain hunting
Sep , 25 , 2013  
  Gold prices rebounded on Tuesday, with investors buying the precious metal at lower prices after three consecutive days of fall. Gold prices rose 0.1% to USD1,323 an ounce on the NYMEX.
 

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  US flash PMI falls in September
Sep , 24 , 2013  
  The preliminary reading of Markit's US purchasing managers index for manufacturing fell to 52.8 in September from 53.1 in August, marking the second consecutive month of a decline.
 

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