Thursday, March 23, 2017

Business News


February records marginal decline in Dubai residential prices

Residential real estate prices in Dubai saw a marginal drop this February from the previous month. The readings are based on the ValuStrat Price Index, a comprehensive sample of residential property types across the city. ValuStrat Research Manager Haider Tuaima told ARN that although capital values have fallen slightly in ...

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Flights face disruption over French air traffic controllers strike

Airline passengers face major disruption next week as French air traffic controllers (ATCs) gear up for five days of strike action Controllers in Brest, Aix-en-Provence and Bordeaux will start their strike starting Monday. Air France workers have also called for a separate strike on Tuesday. Most airlines using southern and ...

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China cuts growth target to 6.5% this year

The Chinese growth target for this year has been cut to around 6.5 per cent. China is expected to stick to a pro-active fiscal and prudent monetary policies in 2017. This will “help stabilise market expectations and facilitate the country’s structural adjustments,” Premier Li Keqiang said at the opening ceremony ...

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Snapchat value soars

The value of the company that owns Snapchat has soared by almost half after its debut on the New York Stock Exchange. Snap Inc had been valued at AED85 billion when it floated. The smartphone app – which has 158 million daily users – has never made a profit since ...

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NASA buying extra rides to Space Station

US Space Agency NASA will pay Boeing up to $373.5 million for rides to fly up to five astronauts to the International Space Station aboard Russian Soyuz capsules. The extra rides will cost nearly $75 million per person. The extra rides will allow NASA to add a fourth astronaut to ...

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