Mena News

 

  International Petroleum Investment expects USD4bn from pipeline project
May , 22 , 2013  
  Abu Dhabi-based International Petroleum Investment Co. expects to receive USD4bn in cash from a crude pipeline it built in the UAE. The company would use the proceeds to repay upcoming debt maturities.
 

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  Drake & Scull Construction receives SAR1.7bn contract
May , 22 , 2013  
  Drake & Scull Construction has been awarded a SAR1.7bn contract by Lamar Investment and Real Estate Development Co. to complete the Lamar Towers project in Jeddah.
 

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  Copper futures decline ahead of Federal Reserve meeting
May , 21 , 2013  
  Copper futures declined with investors remaining cautious ahead of the outcome of the Federal Reserve meeting. Copper futures for delivery in July declined 0.9% to close at USD3.292 a pound on the NYMEX.
 

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  Gold futures rose ahead of Federal Reserve meeting
May , 21 , 2013  
  Gold futures rose on short covering after seven consecutive days of losses and awaiting the outcome of the Federal Reserve meeting. Gold futures for delivery in June closed at USD1,393.65 an ounce on the NYMEX.
 

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  US crude oil rises on a weakening dollar
May , 21 , 2013  
  US crude oil ended at USD96.71 after the dollar weakened against some major currencies in anticipation of the outcome of the Federal Reserve meeting, but ample oil supplies limited gains, even as equity markets hovered at record levels.
 

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  Hong Kong’s unemployment rate remains unchanged
May , 21 , 2013  
  Hong Kong’s unemployment rate came in at 3.5% for February–April 2013, unchanged from January–March. The number of unemployed persons rose to 133,500 during February–April from 132,500 during January–March.
 

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  Japan’s leading index revised upward
May , 21 , 2013  
  Japan’s leading economic index for March has been revised upward to 97.9 from 97.6 reported earlier. For February, the reading has been revised down to 97.4 from 97.7 reported earlier.
 

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  Italy registers current account surplus
May , 21 , 2013  
  Italy's current account balance turned to a surplus of EUR1.9bn in March from a deficit of EUR1.56bn a year earlier. Surplus in the goods account nearly doubled to EUR4.66bn from EUR2.4bn last year.
 

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  Italy’s industrial orders rise in March
May , 21 , 2013  
  New industrial orders in Italy increased 1.6% MoM in March, led by a 3.6% MoM rise in foreign demand. Meanwhile, orders from the domestic market grew 0.2% MoM. However, on YoY basis, the industrial orders declined 10%.
 

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  UK household finances continue to deteriorate
May , 21 , 2013  
  Household finances in the UK continued to deteriorate, albeit at the slowest rate in three years (since May 2010). The Markit Household Finance Index increased to 40.4 in May from 37.7 in April.
 

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