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  Bloomberg Britain’s biggest business lobby cut its growth forecasts for the U.K. economy and said the referendum on European Union membership has put a “dark cloud of uncertainty” over the outlook. The warning on Monday from the Confederation of British Industry follows an intense week of back and forth between both sides of the debate before the June 23 ...

  London / AFP French oil and gas company Total officially launched a project off Britain’s remote Shetland Islands on Monday, hailed by London as a “vote of confidence” in the flagging Scottish North Sea oil and gas industry. The Laggan-Tormore fields are located 600 metres (1,970 feet) under water off Britain’s northernmost outpost. They began production on February 7 ...

  Bloomberg Oil climbed to a six-month high as Goldman Sachs Group Inc. said the market moved into a deficit earlier than expected due to disruptions in Nigeria and higher demand. Futures rose as much as 2.1 percent in New York. The shift to a supply deficit this month happened one quarter earlier than forecast, Goldman Sachs said in a ...

  Abu Dhabi / WAM The fourth session of Abu Dhabi-Japan Economic Council kicked off on Sunday under the co-chairmanship of Yosuke Takagi, the Japanese State Minister of Economy, Trade and Industry, and Ali Majid Al Mansouri, Chairman of the Department of Economic Development (ADDED). Al Mansouri added that Abu Dhabi enjoys now a fast growing economy where the actual GDP ...

  LONDON / AP Ex-London Mayor Boris Johnson has compared the European Union’s aims to those of Adolf Hitler, arguing that the 28-nation bloc is creating a superstate that mirrors the attempt of the Nazi leader to dominate the European continent. Johnson, the most prominent political figure arguing that Britain should leave the EU, says the past 2,000 years of ...

  Bloomberg A year of profit stagnation has left the S&P 500 Index’s price-earnings ratio flirting with some of its highest readings since the Internet bubble. Judged against bonds, though, stocks remain stubbornly cheap. Plotting the index’s per-share earnings against the yield on the 10-year Treasury note, a technique sometimes referred to as the Fed Model, shows the S&P 500 ...

  Aden / AFP A suicide bombing claimed by the IS group and a second attack killed 37 police on Sunday in the Yemeni port of Mukalla where a year of Al-Qaeda rule ended last month, medics said. It was the second attack in days claimed by IS in the city of 200,000 people that was recaptured by government forces ...

  RITIKA SHARMA / Emirates Business “It is a big concern that in UAE the percentage of graduating women is 51% while the percentage of those working is only 18%. Such high number of skilled women only translates to such low number of them in workforce. It is high time we find solutions to such a major workforce difference,” Fadi ...

  ALKESH SHARMA / Emirates Business UAE’s real estate industry is gradually bouncing back, especially sale-purchase segment. Market pundits have observed a good rise in the property buyers’ interest that has been recorded at maximum levels in the last couple of years. Industry experts maintained that upcoming mega events in the region, including Expo 2020 and FIFA World Cup, have ...

  Ajman / Emirates Business A delegation from Ajman’s Municipality and Planning Department headed by Khaled Al Hosani, Executive Director of Support Services, recently visited Smart Dubai Government Establishment (SDG). The delegation was briefed on SDG’s best government practices in the field of evaluating government websites and electronic and smart services as part of sharing knowledge among government entities. The ...