To assist Indian nationals at the Dubai airport, the Consulate General of India in Dubai has operationalised emergency helpline numbers
“The whole thing is doomed,” Christensen said yesterday in an interview at the bank’s Dubai office. “Right now we’re in one of those fake solutions where people think that the problem is contained or being addressed, which it isn’t at all.”
The euro has gained 8.2 per cent versus the dollar in the past six months and reached as high as $1.3711 on February 1, the strongest since November 14, 2011. The European Central Bank forecasts the euro-area economy will shrink 0.3 per cent this year and ECB President Mario Draghi has said the currency’s gains pose a risk for growth and inflation.
While the euro has strengthened, the economies of Germany, France and Italy all shrank more than estimated in the fourth quarter. Ministers from the 17-member euro area met during the week to discuss aid to Cyprus and Greece as a tightening election contest in Italy and a political scandal in Spain threaten to reignite the region’s debt crisis.
“I’d be a bigger seller of the euro at anything near 1.4,” according to Christensen, who said he isn’t making any speculative bets against the currency.
The euro declined 0.2 per cent to 1.3332 against the dollar, falling for a fourth day. France is grappling with shrinking investment, job cuts by companies such as Renault and pressure from European partners to speed budget cuts. While Germany expanded 0.7 per cent last year, France posted no growth and Italy probably contracted more than 2 per cent, the weakest in the euro-area after Greece and Portugal, according to the European Commission.
The economy is on the brink of its third recession in four years and the highest joblessness since 1998.
To assist Indian nationals at the Dubai airport, the Consulate General of India in Dubai has operationalised emergency helpline numbers
The Argentine goalkeeper made the save that sent his side through to their first major European semi-final since 1982 after penalty chaos against Lille
After the evacuation, an area was set up to provide food, water, and medical assistance to the citizens residing in the community
The Red beat Italian side Atalanta in the second leg quarter-final but lost 3-1 on aggregate as Leverkusen advance to semis despite 1-1 draw with West Ham
US equity futures and Asian shares declined while safe haven demand lifted US Treasuries
Passengers reaching their final destination without their baggage should contact the airport airline representative or contact their airline call centre, DXB said
Spot gold was trading at $2,384.14 per ounce at 9.25 am UAE time, up 0.17 per cent
Passengers already in Dubai and in transit will continue to be processed for their flights, the airlines said