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Oil prices are falling on fears of weak demand

Singapore 13 -8-2019 SPA Oil prices retreated today, extending the impact of the limited gains recorded in the previous session as expectations of a slowdown in demand in the face of hopes to support large producers of prices by reducing oil production. By 0643 GMT, Brent crude futures were down …

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Aldar revenues reach AED 3.42 billion in the first half

Abu Dhabi 08-08-2019 / WAM Aldar Properties reported a 15% year-on-year growth in revenue to AED 3.42 billion, compared to AED 2.98 billion in the same period last year, as a result of an increase in activity across major development projects under construction. Total profit for the first half of …

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AED 2.9 billion Dubai real estate transactions in a week

  Dubai 08-08-2019 The real estate transactions at Dubai Land Department reached AED 2.9 billion this week, with 588 sales worth AED 1.25 billion, including 72 land sales worth AED 450 million and 516 sales of apartments and villas worth AED 800 million. The most important land sales were AED …

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ADNOC acquires 10% stake in global storage operator VTTI

ABU DHABI, 7th August, 2019 (WAM) The Abu Dhabi National Oil Company (ADNOC) today announced a strategic investment in global storage terminal owner and operator VTTI BV (VTTI). As part of this agreement, ADNOC will acquire a 10% equity stake in VTTI. Following the transaction, VTTI will be owned 10% …

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