London / AFP London’s stock market fell on Monday on a rallying pound, while eurozone indices rose further after a pre-weekend surge triggered by well-received US jobs data. Around 1015 GMT, London’s benchmark FTSE 100 index was down 0.25 percent, as the pound jumped above $1.33 in the wake of strong UK services sector activity that further eased concerns ...

  Dubai / Emirates Business On its second year, the Global Grad Show is opening in Dubai from October 24-29 attracting an unprecedented number of student innovators exhibiting their unique designs. The show returns with 145 projects from 50 leading global universities, representing an almost three-fold increase in participation over last year and, for the first time, includes schools from ...

  Dubai / Emirates Business The 35th edition of the Sharjah International Book Fair (SIBF), taking place from November 2-12 has announced that 2016 is set to be another record-breaking year. The organisers of the third largest book fair in the world have revealed that its total exhibition area for publishers has been already sold out, with two more months ...

  Siddhartha Bhattacharya / Special To Emirates Business The Era of Data Chaos has arrived. Businesses in UAE need a better way to face the mountains of data created every day. Depending on the industry, your company possesses between 1 million and 12 million gigabytes of information. Most of that data is unstructured. Of course, this makes document management chaotic. ...

  Bloomberg The world’s top two crude-oil producers pledged to cooperate to stabilize global markets, while failing to announce any specific measures to bolster prices. “We have a number of tools at our disposal for joint actions,” Russian Energy Minister Alexander Novak said Monday following a meeting with his Saudi counterpart Khalid Al-Falih at the G20 summit in China. Russia ...

  Bloomberg As speculation swirls over whether oil producers will reach a deal to coordinate output and aid a recovery in prices, Iran says it’s ready to pump more. The OPEC member can raise production to 4 million barrels a day in two to three months from the current daily level of about 3.8 million, Mohsen Ghamsari, director of international ...

  Bloomberg A power struggle between Prime Minister Benjamin Netanyahu and a senior minister in his Likud party shut down the train line linking two of Israel’s biggest cities for a day, snarling commuters in miles-long traffic jams and bringing hundreds of demonstrators into the streets before service was restarted. Thousands of Israelis starting their work weeks and soldiers returning ...

  Emirates Business Chestertons KSA has released its Q2 2016 report for Riyadh, the first ever analysis of the Saudi capital by the leading property consultant. The report highlights that there is increasing demand for affordable housing, as Riyadh’s population growth continues to outstrip property market supply. The Riyadh Real Estate Market Overview for Q2, 2016, points out that Riyadh’s ...

  Bloomberg China should keep the 50 percent cap on foreign ownership in local passenger-vehicle joint ventures for at least another five to eight years to ensure Chinese carmakers are ready for full-fledged competition, according to the state-backed auto association. The government can consider lifting the limit on different parts of the automotive industry according to their maturity, starting with ...

  Bloomberg Tencent Holdings Ltd. has surpassed China Mobile Ltd. to become the country’s most valuable corporation, underscoring the growing importance of a vibrant private economy over lumbering state-owned enterprise. Tencent rose 4.2 percent to HK$210.20 in Hong Kong on Monday, reaching a market value of HK$1.99 trillion ($256.6 billion) and joining the ranks of the world’s 10 largest public ...