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Friday, 25 December 2015

US and UK stocks steady as holiday break begins - FT.com

US and UK stocks steady as holiday break begins - FT.com:

"Wall Street and London stocks were steady, pausing for breath after a few strong sessions in which rebounding oil prices boosted risk appetite and supported a seasonal stock market rally.
The dollar was softer and Treasury yields inched lower with trading volumes shrinking as the holidays began.Markets in Germany were closed on Christmas Eve, while many others, including London and New York, were open for just half a day. Most major financial centres — apart from Tokyo — are shut on Friday, Christmas Day."



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Dubai hotels suffer holiday slowdown | The National

Dubai hotels suffer holiday slowdown | The National:

"The festive season may not feel so merry for the hotel sector.

A variety of global factors are likely to result in a softening of the market, with occupancy set to fall under 80 per cent in Dubai, according to analysts.

The economies of the Arabian Gulf states, traditionally a strong market for the holiday season, have been hit by declining oil prices, which fell to an 11-year low last week."



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The new law that will help Dubai to keep on building | The National

The new law that will help Dubai to keep on building | The National:

"Low oil prices may have been the catalyst for the promulgation of the public-private partnership (PPP) law in Dubai but the legislation’s implementation is likely to hit snags even as the emirate seeks private sector partners and their ethos for some big ticket projects.

Through the law, Dubai will be able to invite private companies and investors to finance and operate assets that otherwise would have been funded by government budgets.

With oil prices dipping below US$40 a barrel this month, the time to rely on private sector money may be more urgent that ever before not only for the UAE but for all Arabian Gulf countries."



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