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added: Sun, 16th October 2005 | 311 views | 0x in favourites
feed url: http://www.ameinfo.com/rss/1940.xml
AME Info News - Finance and Economy [Viewed: 164]
The Dubai Financial Market ended the day slightly lower, dipping 1.31 points to finish on 5,685. Arab Insurance Group was day's big gainer, up 9.06%. Meanwhile, the Abu Dhabi Securities Exchange fell 9.26 points, or 0.18%, to close at 5,016. [AMEInfo.com]
Global Investment House, Kuwait's largest investment bank, has acquired 10% of National Co. for Consumer Industries, a Kuwaiti importer of consumer products, reported Bloomberg.
[AMEInfo.com]
The UAE's Ministry of Economy is launching a national survey to compile reliable statistics on the workforce in the country. The survey, which will begin on May 17, will be conducted against a representative benchmark of sample families across the UAE. Relevant data will be collected through field visits to these families. [AMEInfo.com]
A new report by the International Monetary Fund said the UAE's current account balance is projected to grow by a record $24.2bn or 58% in 2008 to $65.9 billion while the country's balance of trade is set to jump 60% to $72.5bn in 2008, reported the Khaleej Times. In 2007, the UAE's current account balance rose by 16% to $41.7bn from $35.9bn in 2006. The surge in the current account balance was due to a record jump in exports of goods and services, analysts said.
[AMEInfo.com]
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