UAE’s inflation down to 1.62% in 2016
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UAE’s inflation down to 1.62% in 2016

Abu Dhabi – Mubasher: The UAE’s inflation rate fell to 1.62% in 2016, compared to 4.07% in 2015, according to the Federal Competitiveness and Statistics Authority (FCSA). The…

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Al Mazaya buys stake in First Dubai
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Al Mazaya buys stake in First Dubai

Mubasher: The Boursa Kuwait-listed Al Mazaya Holding said that it has purchased 100,000 shares of its subsidiary First Dubai for Real Estate Development. The shares volume equals 0.01%…

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DIFC mulls AED 800m investments in 2017
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DIFC mulls AED 800m investments in 2017

By: Amr Adel Dubai – Mubasher: Dubai International Financial Centre (DIFC) plans to invest AED 800 million in two real estate projects in 2017. The first project is…

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DFM down Monday amid selling pressures
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DFM down Monday amid selling pressures

By: Mahmoud Gamal Dubai – Mubasher: The Dubai Financial Market (DFM) saw a negative performance on Monday, amid increased sales of blue-chip stocks. The general index declined by 1.15%…

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ADX down for 2nd day Monday
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ADX down for 2nd day Monday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a bearish performance for the second successive session on Monday, weighed down by the fall of energy,…

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SHUAA Capital board member resigns
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SHUAA Capital board member resigns

Dubai – Mubasher: SHUAA Capital announced on Monday, 20 February, the resignation of Hamad Al Sagar from its board, according to a statement. Hisham Al Rayes will be…

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Unikai proposes 15% dividends for 2016
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Unikai proposes 15% dividends for 2016

Dubai – Mubasher: Unikai Foods said its board recommended on Saturday, 18 February, the distribution of 10% cash dividends, equivalent to AED 3.025 million or 10 fils per share,…

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IDEX 2017 2nd day sees deals worth AED 7bn
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IDEX 2017 2nd day sees deals worth AED 7bn

By: Rami Sameeh Abu Dhabi – Mubasher: The second day of the International Defence Exhibition and Conference 2017 (IDEX) saw deals worth more than AED 6.92 billion ($1.88…

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ADNOC, CNPC ink concession agreement
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ADNOC, CNPC ink concession agreement

Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) signed on Monday an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in…

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GCC non-oil sector showing recovery signs
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GCC non-oil sector showing recovery signs

Mubasher: Non-oil sectors in Saudi Arabia and the United Arab Emirates (UAE), the two largest economies in the Gulf region, are starting to recover from their slumps in…

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