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HuaweiIn the UAE, sentiment for the three economic indicators decreased, as future job prospects declined four percentage points to 62 per cent.
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"Impact on inflation should be minor, particularly as diesel prices have dropped, and that drives commercial transport."
UAE Ministry of Economy said it will play its role continually in protecting the consumer in association with its partners on both federal and local government levels.
The government had late last week announced that it would deregulate the price of petrol, and link it to market movements.
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As West Texas crude was slammed down to $48 now, its correlation with the loonie surged.
Fiscal policy initiatives are now focusing on ways to broaden the revenue base, promote investment in projects that create value addition to existing oil and gas export projects.
Eight out of 11 insurance and reinsurance specialists said Iran was an attractive or very attractive market, especially in the marine and energy sectors.
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Kuwait and Saudi Arabia are already working on plans to link fuel prices to market movements.