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Source: The Economic Times

Dubai :: United Arab Emirates | updated 2014-07-29 09:09:25 -0700 | business-news

organ Chase & Co, the biggestUSbank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people familiar with the matter. Offices affected include New York, Tampa, Chicago...
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Source: Zawya Market News

Dubai :: United Arab Emirates | updated 2014-07-29 00:28:41 -0700 | business-news

GCC equity markets experienced a strong correction in the second quarter of 2014, triggered primarily by the deteriorating situation in Iraq, according to a report by National Bank of Kuwait ( NBK ). As of the end of June, GCC...
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Source: Zawya Regional

Dubai :: United Arab Emirates | updated 2014-07-29 00:21:38 -0700 | business-news

Courts is expected to increase in the coming years, one judge told Gulf News, despite a slow uptake...Courts jurisdiction, however, expects numbers to increase over time as awareness of the courts spreads. Courts say reflects an increase in familiarity and...
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Source: Zawya Regional

Dubai :: United Arab Emirates | updated 2014-07-29 00:21:38 -0700 | business-news

Saudi Arabia's decision to open its stock market to direct foreign investment could slow down initial public offerings (IPOs) in the country by making local companies wary of giving up stakes in their business to foreign control. "There are a...
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Source: Zawya Regional

Abu Dhabi :: United Arab Emirates | updated 2014-07-29 00:21:29 -0700 | business-news

Charles Platiau Monday, Jul 28, 2014 Abu Dhabi: A new visa fee and fine structure will take effect from August 1, according to a Cabinet decision published in the latest edition of the official gazette. The new measures will include...
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Source: Bidness etc.

Dubai :: United Arab Emirates | updated 2014-07-28 11:49:55 -0700 | business-news

Emerging Market Index ( EEM ), and the S&P 500 have all demonstrated a bullish trend this year. However, in terms of returns, the Frontier Market Index has performed better, demonstrating a return of 15.5% year-to-date (YTD) compared to an...
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Source: BidnessEtc

Abu Dhabi :: United Arab Emirates | updated 2014-07-28 10:56:06 -0700 | business-news

ExxonMobil Corp. ( XOM ) announced that its Papua New Guinea liquefied natural gas (LNG) project is producing at full capacity. The project is one of several projects that the company is engaged in, with many more in the pipeline....
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Source: BidnessEtc

Dubai :: United Arab Emirates | updated 2014-07-28 04:22:21 -0700 | business-news

Emaar Properties alone contributing to significant 22% of weight. The two stocks have been the major drivers of recent volatility in Dubai's financial markets...Frontier Markets Index, a slowdown in activity in Dubai's real estate market, Emirati Central Bank's statement related...
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Source: Zawya Market News

Abu Dhabi :: United Arab Emirates | updated 2014-07-28 01:32:17 -0700 | business-news

The Dubai Financial Market (DFM) index bounced back on Sunday after three consecutive sessions of going down, with a 1.89 per cent gain to reach 4,739.54, while the Abu Dhabi Securities Exchange ( ADX ) general index rose 1.05 per...
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Breaking News: Qantas to keep flying over Iraq despite Emirates route changes
 
Source: Sydney Morning Herald

Dubai :: United Arab Emirates | updated 2014-07-28 04:40:36 -0700 | business-news

We can't do it all at once because we have got an awful lot going through it, but yes we will be doing that, he told London's The Times . Qantas and Emirates have an alliance but they maintain separate...
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Source: Arab News

Dubai :: United Arab Emirates | updated 2014-07-27 15:57:22 -0700 | business-news

Arabtec, the construction company at the center of Dubai's stock market turmoil, has reported an 11 percent rise in second-quarter profit, missing analysts' estimates. Net profit climbed to AED103 million ($28.1 million) in the three months to June 30 from...
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Source: Arab News

Dubai :: United Arab Emirates | updated 2014-07-27 15:55:55 -0700 | business-news

Bahrain Telecommunications Co. (Batelco) has posted a 22.4 percent drop in second-quarter profit, according to Reuters calculations, hurt by continued intense competition in core markets and one-off adjustments. The former monopoly made a net profit of 10.4 million dinars ($27.6...
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Source: Qatar English Daily

Dubai :: United Arab Emirates | updated 2014-07-27 14:56:52 -0700 | business-news

Qatar's state spending increased 12.7 percent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed yesterday. Expenditure rose to a record high...
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Source: Zawya Regional

Abu Dhabi :: United Arab Emirates | updated 2014-07-27 02:56:27 -0700 | business-news

Follow Eid 'crescent' sighting on Sunday July 27 Sultan bin Saeed Al Badi, Minister of Justice has issued a decision setting up the moon-sighting committee for the month of Shawwal, Hijri 1435. The committee, chaired by the Minister of Justice,...
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Source: Asian Wall Street Journal

Dubai :: United Arab Emirates | updated 2014-07-27 01:20:31 -0700 | business-news

Dubai-listed construction firm, said net profit in the second quarter rose 11%, underpinned by its continuing projects and growth in its main markets throughout the Persian Gulf. Arabtec, which helped build the tallest tower in the world, said Sunday that...
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