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US Fed chair Jerome Powell backs cautious path on rates
The "consensus view" at the US Federal Reserve is that gradual interest rate rises remain the best policy, the head of the US central bank has said.
Federal Reserve chair Jerome "Jay" Powell made the remarks at an annual economic conference in Wyoming.
He said the difficulties of interpreting data suggest the wisdom of a conservative approach.
However, he added, policymakers will act deci... |
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Trump administration plans to drop Obama-era rule aimed at abuses by for-profit colleges
The Trump administration plans to scrap rules aimed at protecting students from unscrupulous for-profit college programs that have saddled many graduates with debts proportionally far higher than their incomes.
The change would eliminate the Obama administration's so-called gainful employment regulations. The rules had threatened to cut federal funding from for-profit colleges that don't prove ... |
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Shareholders approve Fox Disney deal
Shareholders have signed off on Walt Disney's plan to buy the film and television assets of Rupert Murdoch's 21st Century Fox for $71bn (£54bn).
The approval, which had been expected, bring the merger one step closer to completion.
Regulators in the US have already approved the plan, but it still needs the go-ahead in many other countries.
The companies said last December they hoped to co... |
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Dubai developer vows to turn piece of desert into green residences.
The Dh75 million Samana Greens residential project in Arjan area near Miracle Gardens tourist spot in Dubai is under fast-track before its commercial launch. Samana Developers, a Dubai-based developer of the project, said its on fast track with the contractor on ground completing 12 per cent of the construction works in 100 days, reflecting the developer’s strong commitment to complete the project... |
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Trump tariffs: Markets fall as trade war fears mount
Stock markets have fallen around the world in the wake of President Trump's latest tariffs threat to China.
The Dow Jones closed down almost 1.2% or 287 points after Asian and European markets fell sharply earlier.
Mr Trump has threatened to put tariffs on an extra $200bn (£141bn) of Chinese goods, sparking fears of a trade war.
The US president said the tariffs would be imposed if China ... |
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Shane Watson Strikes Icon Player Deal with T10 Cricket League 2018 to be held in UAE
Karachians, the new T10 Cricket Team launched in April, has announced Shane Watson – former Australian Cricket team Captain and one of the most sought after cricket players in the world today, as the team’s Icon Player for the T10 League to be held later in the UAE.
T10 League is a professional ten-over format Cricket League launched in 2017 and owned by T10 Sports Management, it is approved by... |
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Dubai Land Department wins ‘Ideas Arabia 2018’ award in technology category
Dubai, United Arab Emirates, 22nd May 2018: Dubai Land Department (DLD) has been honoured at the ‘Ideas Arabia Awards 2018’, which is a subsidiary of the Dubai Quality Group (DQG) and represents a key enabler to achieving the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to enhance a culture of creativity and innovati... |
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Forbes Middle East honours Gemini’s Chairman Sudhakar Rao with top Indian business leader award
The Forbes Middle East brings together the most influential experts and heads of the region’s top companies through exclusive events in the region. In such a gala event held last week in Dubai to honour “Top 100 Indian leaders in the Arab world”, Sudhakar Rao, Chairman of Gemini Property Developers, a Dubai-based real estate developer, was honoured among 150 Indian business leaders and business ex... |
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Middle East Memons vow larger role to serve humanity
The World Memon Organisation Middle East chapter celebrated its Annual Day at a packed ceremony held in Dubai, announcing renewed pledge to serve humanity with their welfare projects. The World Memon Organisation (WMO) is an international umbrella organization of the Memon Muslim Community serving humanity through its seven chapters in Pakistan, India, Sri Lanka, Middle East, Africa, Europe and No... |
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ADNOC Signs New Offshore Concession Agreement with Austria’s OMV
The Abu Dhabi National Oil Company (ADNOC) signed, today, an agreement awarding OMV a 20% stake in Abu Dhabi’s SARB and Umm Lulu offshore concession. OMV is an Austrian integrated oil and gas company part-owned by a subsidiary of Abu Dhabi’s Mubadala Investment Company.
The signing was witnessed by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Deputy Supreme C... |
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