UAE news

moments ago Gold narrows its weekly losses
Gold prices settled on Friday at a higher note, but registered weekly losses
1 hour ago China could target America’s big 30
China could target American companies in part of retaliation against the tariffs imposed by the Trump Administration
4 hours ago North, South Korea agree cross-border family reunions
North and South Korea on Friday agreed to resume reunions for families separated after the decades-long Korean War sealed the borders between the countries.
5 hours ago Lebanon’s economy to grow 2.5% in 2018 - Moody's
Public debt problem still posing a major challenge
5 hours ago OPEC agrees to raise output by undisclosed amount
Members of the Organization of Petroleum Exporting Countries (OPEC) on Friday announced that they agreed on ramping up their oil production, easing their supply curbs.
06:31 PM IMF praises ECB commitment to policy
The Highly rated euro-denominated debt securities are likely to become increasingly scarce
05:47 PM Eurozone’s growth challenged by risks
Global and domestic risks are rising, including escalating trade tensions, policy complacency among member states, and political shocks
05:44 PM Blackberry Q1 profits, revenues beat forecasts
Blackberry on Friday posted its profits and revenues in the first quarter that came beyond analysts’ expectations on the back of software high growth
03:54 PM Iran hints ‘cooking’ deal to hike OPEC output
Meeting between members of the Organization of Petroleum Exporting Countries (OPEC) on Friday seemed to result in an agreement on ramping up oil supply.
02:11 PM Eurozone agrees plan to end Greece’s bailout
Eurozone finance ministers on Friday agreed on debt relief for Greece and a large cash payout as part of a broad bailout programme exit deal.
12:26 PM Eurozone business growth rebounds in June
Flash estimates for the Eurozone showed that business activity growth gained momentum in June.
11:37 AM Germany's private sector growth improves in June
Germany’s private sector slightly picked up steam in June from 20-month low pace in the previous month, driven by resilient demand in the service sector.
10:56 AM Oil rises on uncertainty over OPEC meeting, trade dispute
Oil climbed on early Friday, driven by uncertainty as to whether OPEC members would agree on increasing production at their meeting later in the day.
21 June 11:40 PM Mexico raises interest rates 0.25%
The Central Bank of Mexico decided on Thursday to raise its main interest rate in order to combat the depreciation of the local currency
21 June 11:32 PM Oil falls as OPEC set to raise production
Saudi Arabia and Russia are supporting the moves to increase production
21 June 11:25 PM Gold prices down for 3rd day in row
Gold prices declined for the third consecutive day, and ended Thursday’s trade on a lower note despite a decline in the US dollar
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21 June 08:33 PM Investcorp examines credit market landscape, opportunities
Mubasher: Investcorp released on Thursday a white paper on the six credit-related strategies that may help deliver value in today’s market environment, under the title “Opportunities in Credit”. The research paper examines United States …
Three key factors will lead to the increase of oil output
21 June 07:24 PM ADX sinks 180 pts; market cap records AED 460bn in week
By: Bedour Al Raee Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 179.47 points, or 3.81%, to 4,535.26 points in a week. Over the week, market capitalisation declined to AED 460.5 billion from AED 477.3 billion …
UAE's Mubadala to expand agribusiness via mergers, acquisitions
21 June 07:01 PM UAE's Mubadala to expand agribusiness via mergers, acquisitions
Abu Dhabi – Mubasher: Mubadala Group has announced plans to expand its agriculture and farming business by merging and acquiring two companies operating in the field of aquaculture. “Mubadala took the decision last year to build its presence in …
21 June 06:50 PM Eurozone, EU consumer confidence falls in June
Consumer confidence in both the Eurozone and European Union (EU) dipped in June, the preliminary estimates revealed on Thursday.
The real estate sector went down 5.42%
21 June 06:47 PM Profit-taking weighs on DFMGI in week
By: Enas Bahgat Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index lost 126.17 points, or 4.13%, to 2,928.17 points in a week on the back of profit-taking. The DFM’s trading volume reached 288.41 million shares, while the market’s …
21 June 06:15 PM US house prices grow in April below forecasts
US house prices increased in April, seasonally adjusted data by the Federal Housing Finance Agency (FHFA) showed on Thursday.
21 June 05:50 PM Naqvi dismisses intentional wrongdoing at Abraaj
Dubai – Mubasher: Abraaj Group, the Dubai-based private equity firm, has been facing a backlash following money misusage allegations. Earlier in June, the buyout firm filed for liquidation, as a response to a group of liquidation petitions. The …
21 June 05:41 PM US natural gas storage, prices rise
Mubasher: The US Energy Information Administration (EIA) reported that the country’s natural gas storage rose by 91 billion cubic feet (Bcf) last week.
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21 June 05:36 PM Eni sells 10% of Zohr to Mubadala
Mubasher: Eni sold a 10% stake in the Shorouk concession to Mubadala Petroleum. The Shorouk concession is offshore Egypt, where the supergiant Zohr gas field is located, according to the company’s statement. Eni now holds a 50% stake of the …