Business

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 3.03% to close at 4095.68 points. Accordingly the Market Capitalization has gained 19.52 Billion AED attaining 664.37 Billion AED. A total of 0.88 Billion Shares were traded with a total value of 1.11 Billion AED during the trading session of 2016-01-31 through 11591 transactions. The number of companies which ...

ABU DHABI / EMIRATES BUSINESS Finance House (FH) announced its Corporate Credit Rating of “BBB-” (Long-Term) and “A3″ (Short-Term). With both Investment Grades recently affirmed by Capital Intelligence (CI), the international credit rating agency, Finance House demonstrates solidly stable outlooks, while maintaining the same Credit Rating for three consecutive years. While affirming the above ratings in a recently released Credit ...

The DFM General Index increased 4.9 percent to the highest level since Jan. 6, taking its three-day gain to 11 percent. The measure’s 30-day volatility is near the highest in a year following the swings in January. Abu Dhabi’s ADX General Index advanced 3.7 percent. First Gulf Bank PJSC was the biggest contributor to gains with a 12.4 percent jump, ...

Dubai / EMIRATES BUSINESS Dar Al Sharia, Dubai Islamic Bank’s fully owned subsidiary, has cements its position as the leading provider of Islamic finance advisory and consultancy services across multiple jurisdictions and regulations. Over the past year, the subsidiary has been recognised for its stellar performance. Being the pioneer behind the concept of Islamic banking, DIB established Dar Al Sharia ...

Jerusalem / Bloomberg Israel’s natural gas companies and Noble Energy Inc. have signed the first contract to supply natural gas from the Leviathan site offshore Israel. Partners in Leviathan, Israel’s largest field, will supply 6 billion cubic meters of gas over 18 years to two power stations owned by local electricity producer Edeltech Group, according to an e-mailed statement. Under ...

Lagos / AFP Onele Vincent and his colleagues are fed up with the rising cost of living. So they decided to do something about it and led a noisy protest at a top Lagos hotel where they work. “Things are more expensive, rent is high, food is high,” Vincent said last week in the lobby of the Southern Sun hotel, ...

Sarajevo /AFP With 360 villas and apartments around an artificial lake, swimming pools, a halal supermarket and a Muslim prayer area, the ‘Sarajevo resort’ is one of Bosnia’s most ambitious residential projects to date. It is one of dozens of real estate ventures in the picturesque hills surrounding the capital of the Balkan country that are specifically targeting visitors from ...

Creativity and innovation are the buzzwords around which the future economic plans and strategies of the United Arab of Emirates (UAE) revolve around these days. President of the UAE His Highness Sheikh Khalifa bin Zayed Al Nahyan recently announced a detailed plan worth over AED300 billion to become a “knowledge-based economy” and end the dependence on oil for sustainable growth of ...

What was the perspective of 2015 edition of Rockwell Automation? Very large number of products, approximately 55 new products and over 1500 SKU’s (Stock Keeping Units) were showcased. Now we are focusing on architecture rather than on individual products e.g. ethernet architecture, gigabit ethernet support on I/O (input/output module), in-to-in internet security, integrated software tools that are focused on delivering ...

There was a time when shoppers used to travel length and breadth of the city’s main shopping arenas and spent plenty of their time in hand-picking the best furniture, home décor and accessories in a bid to give that perfect touch to their sweet home. However, mall revolution has swept the United Arab Emirates (UAE) expressively and has entirely changed ...