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Friday, 16 February 2018

Middle East property investors shrug off Brexit blues | Arab News

Middle East property investors shrug off Brexit blues | Arab News:

"The UK capital is still seeing strong interest from Middle Eastern property buyers, even as politicians in Westminster wrangle over Brexit.
The lure of safe-haven London remains high, and is expected to strengthen rather than decrease, brokers said.
Arab buyers are lured by currency weakness, the decline in prime central London prices and robust domestic demand for homes."



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Dubai on course to outstrip pricey London’s record for building apartments | Arab News

Dubai on course to outstrip pricey London’s record for building apartments | Arab News:

"Dubai is on course to absorb more new apartments than London over the next two years, as luxury “ghost towers” threaten to haunt developers in both cities, analysts say. Brokers warn that the pair are developing luxury units far beyond the reach of average earners. In London, the average home costs more than £470,000 ($663,000), which is 12 times more than the average salary of just over £39,000 ($55,000). In Dubai, the average annual income is 72,000 dirhams ($19,600), according to property consultancy Phidar Advisory, whereas average apartment prices in the city are just over 2 million dirhams (nearly $550,000)."



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QSE’s benchmark index gained 134.44 points last week - The Peninsula Qatar

QSE’s benchmark index gained 134.44 points last week - The Peninsula Qatar:

"Qatar Stock Exchange’s (QSE) benchmark index gained 134.44 points, or 1.51 percent, last week when the bourse closed yesterday at 9,027.71 points.

Trading value during last week decreased by 37.08 percent to reach QR809.27m compared to QR1.28bn.
Trading volume decreased by 30.11 percent to reach 36.18 million shares, as against 51.78 million shares, while the number of transactions fell by 35.17 percent, to reach 14,439 transactions as compared to 22,273 transactions."



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OPEC Considers Moving the Goalposts - Here's Where They Might Go - Bloomberg

OPEC Considers Moving the Goalposts - Here's Where They Might Go - Bloomberg:

"After a year of production cuts, OPEC and Russia are finally near their goal of shrinking the world’s swollen oil inventories. So why are they planning to change their target?

The answer lies somewhere between the murky and incomplete nature of oil data and the competing interests within the producers’ group.

The 24-country alliance wants to reduce oil stockpiles to their five-year average, a goal that is almost at hand according to figures from the International Energy Agency. Yet Saudi Arabia and Russia now say that metric is flawed -- distorted by years of excessively high supplies and patchy data outside developed economies."



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