UAE news

12:48 AM Trump wants Fed to stop interest hikes  
Mubasher: The President of the United States hopes that the Federal Reserve will not be raising interest rates anymore
12:40 AM US budget deficit up 48% in November 
The United States saw a jump in the budget deficit in November, due to an increased public spending.
12:34 AM Oil settles with big gains 
Oil prices ended today's trading session on a higher note supported by plans by major producers to cut crude output
12:26 AM Gold settles lower Thursday 
Gold prices declined on Thursday, with the US dollar showing a strong performance against major currencies
Bahrain's government is currently working on a raft of policies to prop up startups
13 December 09:20 PM Bahrain eyes becoming innovative hub for startups in GCC- EDB
By: Mohammad Shokhba Cairo – Mubasher: Bahrain is seeking to be the innovative hub for startups in the GCC region, Mohamed Hejres, senior manager of investors relations and government affairs at the Bahrain Economic Development Board (EDB), said. …
13 December 06:34 PM US natural gas storage drops as prices surge
The US natural gas inventories dropped by 77 billion cubic feet (Bcf) in the week ended 7 December to a total of 2,914 Bcf.
13 December 06:30 PM ECB’s head sees economic risks ‘moving to downside’
The European Central Bank President Mario Draghi warned that economic risks facing the Eurozone are now “moving to the downside.”
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13 December 06:09 PM Moody's confirms CBD ratings
Dubai - Mubasher: Moody's Investors Service has confirmed the ratings of Commercial Bank of Dubai (CBD), but changed the outlook on the long-term deposits ratings to negative from ratings under review.  The ratings stand at Baa1 long-term deposit …
13 December 05:46 PM ADX ends week in red; market cap hits AED 490.24bn
The energy sector topped the ADX’s decliners falling 3.19%
13 December 05:45 PM DFM breaks 4th weekly drop, ends in green
The services sector topped the bourse’s gainers adding 8.9%
13 December 05:44 PM Jumeirah opens 1st ‘eco-conscious’ resort in Abu Dhabi
The resort offers an environmentally-sensitive holiday destination
13 December 05:00 PM US weekly jobless claims drop 27,000 in early December
US unemployment claims dropped 27,000 week-on-week to 206,000 claims in the week ended 8 December, data released on Thursday showed.
13 December 04:50 PM US import prices record largest drop in 3 yrs
The costs of the US import dropped in November, helped mainly by lower fuel prices, data released on Thursday showed.
The acquisition gives the European dairy giant full ownership of a cheese production site in Bahrain
13 December 04:34 PM Danish Arla Foods to acquire Mondelez International’s ME cheese business
Mubasher: Danish dairy group Arla Foods has reached a deal with US Mondelez International to acquire its processed cheese business in the Middle East region. The acquisition gives the European dairy giant full ownership of a cheese production site …
13 December 04:14 PM Saudi Tanmiyat, BEC to complete $100m Dubai towers in 2019
Dubai towers comprise more than 500 residential and commercial units
13 December 04:02 PM ECB holds interest rates; QE to end in December
The European Central Bank on Thursday decided to keep its key interest rates on hold.
13 December 03:54 PM Energy, real estate stocks boost ADX Thursday
The ADX closed Thursday’s trading session in the green, recording the highest liquidity since 2016
13 December 03:48 PM Turkey holds interest rate unchanged
Turkey's central bank on Thursday kept its benchmark rate unchanged.
13 December 03:31 PM Swiss maintains ultra-loose policy, slashes inflation outlook
Switzerland's central bank left its expansive monetary policy unchanged, lowering its inflation forecast for next year citing strong Swiss franc and economic downside risks.
The project's investment cost and its timeframe were not disclosed.
13 December 03:25 PM Tonino Lamborghini resident project to add 8,000 homes in Dubai
Dubai – Mubasher: Chinese real estate Oriental Pearls revealed its Tonino Lamborghini Residences Dubai project spanning 4.6 million square metres. The new project will add around 8,000 premium freehold apartments in Meydan, according to the …
13 December 02:59 PM Norway puts rate on hold, expects slower tightening pace
Norway's central bank left its benchmark interest rate unchanged, but said it would tighten cost of borrowing at a slightly slower pace than previously planned.
Amwal owns an equity of 5% in Noor Markets
13 December 02:59 PM Kuwait’s Amwal approves expansion plans in UAE
Mubasher: Amwal International Investment announced that its board members approved the offers presented to sell assets in the company’s investment portfolio, including Al Shamel International Holding and other companies. The board members of …
The customer staples sector topped the gainers adding 9.01%
13 December 02:18 PM DFM registers 3rd straight growth on selective buying Thursday
Dubai – Mubasher: The Dubai Financial Market (DFM) ended Thursday’s trading session with a positive performance, for the third consecutive session, supported by selective purchases on blue-chip stocks. The general index rose 0.98%, ending the last …
13 December 01:47 PM Global oil supply could tighten more rapidly in 2019–IEA
The global oil market could shift into supply shortage sooner than expected, the International Energy Agency said on Thursday.
13 December 01:29 PM Flydubai offers new fares for economy passengers
The fresh fare types have been applied for all bookings as of 2 December