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Abu Dhabi house prices seen stable in Q1
DUBAI - House prices in Abu Dhabi are likely to remain stable in the first quarter, but rents will keep declining due to increased supply, property consultancy Landmark Advisory said on Tuesday.
UK economy to pick up speed, rates to remain low
LONDON - The British economy will expand at a faster clip in the second half of this year than previously thought but the Bank of England is still unlikely to shift interest rates until at least October, a Reuters poll shows.
Japan GDP growth to pick up in Q4, then slow
TOKYO - Japan’s economy probably grew at its fastest pace in nearly two years in the fourth quarter of last year thanks to a recovery in capital expenditure, while energy price rises are likely to slow deflation, a Reuters poll shows.
U.S. economic growth to slow to 2.7 pct in Q1
NEW YORK - U.S. economic growth is set to cool after a burst of activity late last year and expectations for a jobless recovery will prompt the Federal Reserve to keep interest rates on hold until well into the second half of 2010, a Reuters poll shows.
Eurozone outlook tame, slim chance of Greek bailout
LONDON - The euro zone economy will probably just bump along in 2010 and there is only a one in four chance that Greece may have to seek a bailout this year to put its public finances back on track, a Reuters poll found.
Kuwait projects huge deficit in next fiscal year
KUWAIT CITY - OPEC member Kuwait is projecting a 22.4 billion dollars budget deficit for the 2010-2011 fiscal year after raising spending by over 33 percent, according to a draft budget seen on Tuesday.
UK trade deficit widens to 11-month high in Dec
LONDON - Britain’s goods trade deficit with the rest of the world unexpectedly widened to its highest in nearly a year in December, after imports from non-EU countries shot up at their fastest rate since March 2005.
Low Pace of Growth in 2010: Suwaidi
ABU DHABI - The UAE will see low economic growth in 2010, but higher and better than the previous year, governor of the Central Bank of the UAE told reporters at a briefing on Monday.
Shuaa Eyes Fee Income Boost, 2010 Profit
DUBAI - Shuaa Capital aims to triple its fee income in the next three years, as the investment bank focuses on its domestic market and Saudi Arabia, which it hopes will make the bank profitable again in 2010.
World Sugar Supply to Surpass 3pc Rise in Demand
DUBAI - World sugar consumption may expand by up to three per cent annually, while supply would pick up to post a surplus in the next fiscal year, industry experts and analysts said.
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