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Saturday, September 21, 2019
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Whats happening in the world of business and the world economy from the perceptive of Dubai residents

The 30-share index was trading 206.33 points, or 0.56 per cent, lower at 36,357.55 at 0930 hours, while the broader Nifty slipped 64.65 points, or 0.60 per cent, to 10,776. Domestic equity benchmark BSE...
The Fed lowered interest rates for a second time this year in a 7-3 vote on Wednesday but signalled further cuts are unlikely as the labour market remains strong. Gold prices were little changed...
A former economics professor who took the helm of the central bank in March, Diokno said the US economy is growing due to the tax cut enacted under President Donald Trump, but the policy will exacerbate debt...
China's gross domestic product (GDP) grew 6.3% in the first half of the year, and Li said the economy was "generally stable" in the first eight months of the year. Chinese Premier Li Keqiang...
The attack by Houthi rebels in neighbouring Yemen hit two sites owned by state-run Aramco Hong Kong:  Oil prices saw a record surge Monday after attacks on two Saudi facilities slashed output in the world's...
The strike that took effect at midnight may cost GM about $50 million a day in earnings The United Auto Workers union called its first strike against General Motors Co. in 12 years,...
Bangladesh Economic Forum will kick-off in Dubai on September 15 DUBAI: A number of UAE business groups are set to invest $10 billion (Dh36.7 billion) into Bangladesh, according to data compiled by Bangladesh Economic...
Oil Minister Bijan Namdar Zanganeh said the deal reached between two government-owned firms, Pars Oil and Gas Company and PetroPars, to develop the Balal field would be the first of many. Two Iranian companies...
The International Monetary Fund (IMF) has cut its projection for India’s economic growth by 0.3 percentage points to 7 per cent for the fiscal year 2019-20 owing to the “weaker-than-expected outlook” for the domestic demand.
The move comes two days after the Centre announced a plan to procure apples from the growers in Jammu and Kashmir and make payments directly to their bank accounts. Jammu and Kashmir governor Satya...
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