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Global economic outlook remains clouded by uncertainties

Almost everything happening these days seems to be adding to the uncertainty of the outlook. The consensus had been that once the election was over, investors would have a better sense of what the United States economy would be like in 2013 and how the tax structure might change. Once the ballot boxes had been stored, however, Hurricane Sandy hit

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UAE banks remain profitable, despite weaker asset quality, slow loan growth and recent regulations

Dubai: Outlook for Gulf lenders, backed by sovereign support, remains stable, credit rating agency Fitch said in a latest report.

“GCC sovereigns are helping to stimulate their economies through government-sponsored infrastructure projects, taking advantage of their significant oil/gas revenues. Oil production is expected to be lower i

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European banks to start repaying LTRO cash at end of January

London: BNP Paribas, Commerzbank and Santander are among a growing number of banks wanting to repay emergency loans to the European Central Bank to distinguish themselves from weaker rivals.

Some €200 billion or more is expected to be paid back by European banks in the next few months, bankers and analysts estimate, out of €1 trillion doled last ye

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European banks to start repaying LTRO cash at end of January

London: BNP Paribas, Commerzbank and Santander are among a growing number of banks wanting to repay emergency loans to the European Central Bank to distinguish themselves from weaker rivals.

Some €200 billion or more is expected to be paid back by European banks in the next few months, bankers and analysts estimate, out of €1 trillion doled last ye

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Cyprus bank bailout review delayed

Nicosia: The Cyprus Central Bank said yesterday that a study into how much the country’s Greek-exposed banking system needs as part of an EU bailout package has yet to be finalised.

The bank said in a statement that the due diligence review of the banking system — expected to be completed on January 18 — was not yet finalised.

“An examination of the

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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