InFocus | Markets
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Thursday May 21
Talaat Mustafa shares plummet
Shares in Egyptian real estate developer Talaat Mustafa ended 14.5 per cent lower Thursday after the firm's former chairman was sentenced to death for murder, driving the benchmark index lower.
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Thursday May 14
GCC residents still spending despite global gloom
Local and expat consumers in the UAE and Saudi economies still perceive resilience and strength, survey by Booz and Co finds.
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Thursday May 14
Worst is over for Dubai: Bu Amim
The worst for Dubai appears to be over in terms of the financial crisis, according to Hamad Bu Amim, Director-General of the Dubai Chamber of Commerce and Industry, (DCCI).
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Thursday Apr 9
Fox to make reality TV show featuring company layoffs
Fox network is letting employees of some troubled small businesses decide which one of their colleagues will be laid off and turning the results into a reality show.
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Tuesday Dec 23
UAE markets fall to fresh four-year low
UAE markets close lower for the fourth time this week on Tuesday as fears about the health of the economy and bank credit drive selling in properties and banks.
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Sunday Dec 21
Madoff fallout sparks investor selling spree
UAE investors went on a selling spree on Sunday as news of the world's largest sovereign fund's exposure to Bernard Madoff's Ponzi scheme came to light and rumours of corruption scandals hitting the real estate sector and sparking the setting up of accountability body in Abu Dhabi did the rounds in the markets.
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Wednesday Dec 17
Trading in UAE stocks remain flat
UAE stocks on Wednesday remained almost flat amid low volumes with hardly any positive investor sentiment. A US rally on Tuesday after the Fed's rate cuts did not sway the markets here.
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Thursday Nov 27
Effects of low trading bite as UAE shares dip
UAE shares ended mixed on Wednesday amid continuing weak sentiments reflected in extremely low trading volumes that is unlikely to pick up until the year end with banks reluctant to extend liquidity for reasons of stabilising their balance sheets in the fourth quarter.
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Tuesday Nov 25
Gulf ambitions scaled back as economic crisis spreads
When the financial crisis hit Wall Street in September, most governments in the Middle East assumed that their economies would remain insulated from the turmoil.
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Tuesday Nov 25
Khalifa: Oil price drop won't impact economy
Shaikh Khalifa Bin Zayed Al Nahyan downplayed fears of declining oil prices impacting the national economy.
