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Posted: April 25, 2014
INTERNATIONAL. The credit agency cut Russia's rating to BBB- from BBB, in a move that underscores risks from President Vladimir Putin's policy of intervention in Ukraine.
UAE. The biggest bank by assets in the United Arab Emirates, beat analysts' estimates as interest income and fees growth offset a surge in bad loan provisions.
UAE. The developer of Burj Khalifa expects profit of 3.07 billion dirhams (US$836 million) for this year and 3.7 billion dirhams for 2015, Chairman Mohamed Alabbar told shareholders last night.
INTERNATIONAL. Some banks have pulled back their global commodities trading activities and are consolidating their gold trading with their foreign exchange trading in electronic trading platforms.

MIDDLE EAST BUSINESS SECTORS

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 24, 2014
UAE. As of March 2014, and including the recent issuance, we estimate the government debt stood at US$54.8 billion (55.9% of GDP), compared to US$50.5 billion (55.5% of GDP) in the same period of last year.
date:Posted: April 23, 2014
UAE. Managing an internationally mobile workforce can be challenging, particularly as home country and host country laws can be vastly different; Legal compliance with local laws may mean that it is not possible to impose global policies on the workforce.
date:Posted: April 22, 2014
UAE. "Adapt to Survive", a global study by PwC, commissioned by LinkedIn, reveals the economic impact of not having the right people in the right jobs.

MIDDLE EAST COUNTRIES

INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
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