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SNB disregards critics as franc keeps negative rates in play

Bloomberg Swiss National Bank (SNB) interest rates are stuck to the floor and 2019 could see criticism of the policy growing louder: The financial sector hates it and there’s trouble brewing in the real estate market. After nine years of economic growth and the eradication of deflation risks, the arguments are building for the SNB to call time on the ...

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Abu Dhabi reinforces position as global tourism destination

ABU DHABI / WAM The Abu Dhabi Department of Culture and Tourism has made many achievements, in light of the emergence of specialist tourism trends and its efforts to improve local tourism infrastructure and to inaugurate new attractions that combine originality, modernity and hospitality. These achievements have positively affected the number of visitors to the emirate and its hotel occupancy ...

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Japan imports 26.5mn barrels of oil from UAE

TOKYO / WAM Japan has imported 26.528 million barrels of crude oil from the UAE in November 2018, data released on Sunday by the Agency for Natural Resources and Energy in Tokyo showed. This accounts for 28.3 percent of Japan’s total crude imports, the agency that belongs to the Ministry of Economy, Trade and Industry, reported. Japan’s total crude oil ...

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