Global Share Index Hits Highest Since 2008

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MSCI’s world share index hit its highest level since June 2008, lifted by an improving global outlook and prospects of highly supportive monetary policies remaining in place in most major economies. The index, which tracks 9,000 stocks…

Sheikh Sultan & His Turkish Counterpart Discuss Economic Ties

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(Abu Dhabi) - H.E. Sultan bin Saeed Al Mansouri, Minister of Economy and his Turkish counterpart, Zafer Caglayan during a meeting at Abu Dhabi, discussed ways to promote economic relations between the two countries. They reviewed the progress…

Sheikha Lubna chairs 1st Meeting of WTO's National Committee

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(Abu Dhabi) - UAE Foreign Trade Minister, H.H. Sheikha Lubna Al Qasimi said the bolstering of UAE economic and trade interests within the framework of its membership in the World Trade Organisation (WTO) is an absolute priority. She added…

World Expo 2020 To Bring Record-Breaking Dubai Achievements

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(Dubai) - As the Dubai city perches at the cusp of bigger accolades to line the way, a successful World Expo 2020 bid would serve as another jewel in the crown for Dubai’s victorious turn in the spotlight, which has already borne witness…

Dubai Stocks Hit 3 year High

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(Dubai) - Dubai shares have surged to a three-year high with Emaar Properties driving the upswing. Emaar surged to Dh5.26, the highest since November 2008. Arabtec Holding, the largest UAE builder by market value, rose to the highest level…

Etihad wins Development Excellence Award

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Etihad Airways has won the award for “Fastest Growing Airline to the Middle East” at the 2013 Athens International Airport (AIA) Airline Marketing Workshop. This is the second consecutive year the UAE flag carrier has earned top honors…

G20 seeks to Banish ‘Economic Warfare’ Fears

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G20 finance ministers sought to convince markets at a meeting in Moscow they would not slide into “economic warfare” with competitive devaluations of currencies to boost activity. British Finance Minister George Osborne warned of the…

Sheikha Lubna Meets Ethiopian President

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(Addis Ababa) - UAE Foreign Trade Minister, H.H. Sheikha Lubna met the President of Ethiopia, Girma Wolde-Giorgis at the Ethiopian capital, Addis Ababa during the inauguration ceremony of Julphar Plant. Sheikha Lubna led UAE delegation to…

EU Leaders Agree on 960 bln Euro Budget

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European Union leaders agreed the framework of a new long-term budget after 15 hours of through-the-night negotiation, laying the ground for 960 billion euros of spending on agriculture, aid and scientific research in the years ahead. The…

US-European Free Trade Zone Within Reach: Joe Biden

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(Munich) - Addressing world leaders at Munich Security Summit, US Vice-President Joseph Biden said that a free trade zone between the US and Europe is gaining traction and could become a reality. A free-trade deal is “within our reach”…

World Tourist Numbers Exceed 1b

(Madrid) - International tourist arrivals has exceeded one billion number for the first time last year, with the Asia-Pacific region posting the biggest increase in foreign visitors, and numbers will rise further in 2013, a UN body said. The…

Apple Loses World's Valuable Company Crown

Apple shares extended their losses, losing its position as the world's biggest company based on market value. Apple ended down 2.36 percent at $439.88, giving it a market capitalization of $413 billion, while ExxonMobil rose 0.36 percent…

Dubai Shares Hit 3-year High

Driven by rising investor optimism in Dubai’s sustained real estate recovery, Emaar shares rallied to a record level since 2009 to propel the benchmark stock index to the highest level in three years. Shares of Emaar, the developer of…

Facebook Offers Free Phone Calls

A new Skype-like feature is being introduced to the networks messenger mobile application. Called the ‘free call’ feature, Facebook is currently testing it on American users to phone each other over a wi-fi connection, avoiding carrier…