Colors: Orange Color

Entrepreneurs' Organization (EO) UAE, the local chapter of the dynamic global network of entrepreneurs, reported that its members experienced a seamless transition to VAT this week. This smooth period was attributed to the group’s efforts in 2017 to offer world-class peer-to-peer learning platforms and a selection of different UAE workshops hosted by local taxation experts, to help members understand and comply with the new regulations.

The global market of modern and contemporary African art performed strongly in 2016 with a sell-through rate of 72% in a morose context of the international art market and the slowing down of African economies. This segment proved to be an exception.

Currencies

1.2100 a critical resistance level

The euro concluded the 1st week of 2018 effectively where it started, but what should make the bulls happy is the fact that it managed to end the week above 1.20, which should give them a lot of hope for the coming week. We had a range of data from the US with the manufacturing PMI data and the ADP employment report coming in stronger than expected. The NFP came in weaker but there was a revision higher in the data from previous month which helped the dollar to be steady and pushed the euro lower to end the week just above 1.20.

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