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Arabtec drags down Dubai index, Egypt food makers up

  Reuters A slump in shares of Dubai’s Arabtec dragged Dubai’s stock market lower on Monday after the builder reported a larger fourth-quarter net loss, while other markets were mixed. Dubai’s index dropped 1.8 percent, its largest single-day decline since October 2015, after Arabtec plummeted by its 10 percent daily limit having reported a net loss of 2.95 billion dirhams ...

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Global stocks keep climbing as treasuries decline

  Bloomberg Investors continued to add to reflation trades that were reinvigorated last week when President Donald Trump indicated details on his pro-growth policies were imminent. US stocks rose, the dollar strengthened and bonds retreated before data this week provide detail on the strength of US consumer prices. Speeches from a range of Federal Reserve officials will provide clues on ...

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ADNOC to double sulphur production in UAE

  Abu Dhabi / Emirates Business The Abu Dhabi National Oil Company (ADNOC) plans to capitalise on increased sulphur processing capabilities, by doubling production and targeting new markets in Africa, Asia, South America and Australia, according to Omar Suwaina Al Suwaidi, ADNOC’s Gas Management Director. During his keynote speech, today, at the inaugural Middle East Sulphur Conference, Al Suwaidi said ...

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