Mena News

 

  Dubai gets AED1bn project
Sep , 09 , 2013  
  DAMAC Properties awarded a contract worth AED1bn to TAV Tepe Akfen Investment Construction & Operation’s Dubai branch.
 

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  US private sector adds fewer-than-forecasted jobs
Sep , 08 , 2013  
  Private sector employment in the US rose by 176,000 jobs in August compared to an increase of 198,000 (revised) jobs in July. The market had expected a rise of 180,000 jobs vis-à-vis the originally reported increase of 200,000 jobs in July.
 

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  France’s manufacturing activity contracts as forecasted
Sep , 03 , 2013  
  The manufacturing sector contracted in August, with the purchasing managers' index remaining unchanged at 49.7 and in line with market forecasts.
 

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  Germany’s manufacturing sector grows less than expected
Sep , 03 , 2013  
  The sector expanded in August, albeit slower than expected. The Markit/BME Purchasing Managers' Index inched up to 51.8 in August from 50.7 in July vis-à-vis the market estimate of 52.
 

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  UK manufacturing activity growth reaches a two-and-a-half-year high
Sep , 03 , 2013  
  Growth stood at a two-and-a-half-year high in August, due to a rise in new orders and production. The Markit/CIPS Purchasing Mangers' index advanced to 57.2 in August from 54.8 (revised) in July.
 

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  Growth in Eurozone manufacturing activity the highest since 2011
Sep , 03 , 2013  
  The manufacturing sector grew at the fastest pace in 26 months in August, with the purchasing managers' index increasing to 51.4 from 50.3 in July.
 

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  Eurozone leading index continues to rise
Aug , 27 , 2013  
  The Conference Board’s Leading Economic Index for the Eurozone rose for the third consecutive month in July. The Leading Economic Index gained 1% MoM to 108.4 during the month, following a 0.4% MoM rise in June.
 

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  US durable goods orders decline more than forecasted
Aug , 27 , 2013  
  Durable goods orders in the US declined 7.3% in July, after rising 3.9% in June. The market had forecasted the orders to decline 4%.
 

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  Nakheel repays AED197mn to creditors
Aug , 27 , 2013  
  Dubai-based Nakheel repaid AED197mn to lenders, in compliance with its restructuring requirements.
 

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  Qatar Primary Materials Company signs deal for Gabbro expansion
Aug , 27 , 2013  
  Qatar Primary Materials Company inked an EPC agreement with FLSmidth and Six Construct for the design and engineering of the Gabbro Terminal Expansion Project based in Mesaieed.
 

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