Mena News

 

  Gold jumps as investors assume further cut in stimulus
Feb , 11 , 2014  
  Gold prices increased on Monday as investors assessed further cuts to US monetary stimulus and Chinese buyers resumed purchases to extend last year’s record consumption. Prices rose 0.6% to USD1,274 an ounce on the NYMEX.
 

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  France’s GDP to grow at slow pace in 1Q14
Feb , 11 , 2014  
  According to Bank of France, the country’s GDP would grow at the slower pace of 0.2% in 1Q14 as compared with 0.5% in 4Q13.
 

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  Dubai to spend USD985mn on transportation
Feb , 11 , 2014  
  Dubai’s Roads & Transport Authority (RTA) would spend AED3.62bn (USD985mn) on 99 projects in 2014. Expenditure budget approved for the RTA in 2014 totaled AED7.04bn; this included operational budget of AED3.16bn and capital and projects spending of AED3.9bn.
 

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  US consumer credit rises in December
Feb , 09 , 2014  
  According to the Federal Reserve’s report, consumer credit in the US increased more than anticipated in December 2013 to USD18.8bn compared with a USD12.4bn increase in November 2013. Economists had expected credit to rise by USD12.0bn.
 

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  US unemployment rate remains better than expected
Feb , 09 , 2014  
  US unemployment rate came in at 6.6% in January 2014 compared to an estimate of 6.7% by analysts.
 

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  Denmark’s industrial production drops 2.9% in December 2013
Feb , 09 , 2014  
  According to Statistics Denmark, Denmark's industrial production decreased 2.9% in December 2013 compared to November, driven mainly by a 4.3% fall in output of non-durable consumer goods.
 

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  Fitch affirms Iceland's 'BBB' rating
Feb , 09 , 2014  
  Fitch Ratings affirmed Iceland's ‘BBB’ credit rating, citing high level of income per capita and governance as well as human development indicators.
 

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  US private sector employment advances in January, slightly below estimates
Feb , 06 , 2014  
  Reports released by ADP and Moody’s Analytics indicated an increase of 175,000 jobs in the US private sector in January compared to revised 227,000 jobs in December. It was marginally below economists’ estimate of 180,000 jobs.
 

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  Taiwanese manufacturing sector witnesses highest growth in 33 months
Feb , 06 , 2014  
  Markit Economics and HSBC Bank released Taiwan’s manufacturing data showing the PMI index increased to 55.5 in January from 55.2 in December, the highest since April 2011.
 

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  Qatar to spend USD205bn on infrastructure
Feb , 06 , 2014  
  Qatar plans to spend as much as USD205bn on infrastructure between 2013 and 2018, as the country invests its vast hydrocarbon wealth in a development boom.
 

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