ATHENS / AP Angry Greek farmers clashed with riot police in Athens then paraded their tractors and pick-ups outside parliament on Friday, in their first big protest in the capital against pension reform plans after weeks of road blockades. Officers guarded the entrance to the agricultural ministry and fired tear gas to disperse protesters who hurled tomatoes, eggplants and stones ...
Read More »News
Japan’s Nikkei jumps 7 percent, leads world stocks higher
Tokyo Tokyo stocks soared on Monday as a weaker yen and bargain-hunting drove a rebound from last week’s hammering on global equity markets. The benchmark Nikkei 225 index at the Tokyo Stock Exchange jumped 7.16 percent, or 1,069.97 points, to 16,022.58, clawing back from a loss of more than 11 percent last week. The broader Topix index of all first-section ...
Read More »Emirates Securities Market Index up by 0.48 percent
ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.48% to close at 4123.51 points. Accordingly the Market Capitalization has gained AED3.18 Billion attaining AED668.89 Billion. A total of 0.53 Billion Shares were traded with a total value of AED495.74 Million during the trading session of 15-02-2016 through 6280 transactions. The number of companies which has been traded ...
Read More »Aldar profits zoom by 49%
Abu Dhabi / Emirates Business Aldar Properties PJSC (“the Companyâ€), Abu Dhabi’s leading listed property development, investment and management company, on Monday announced net profit of AED 2.6 billion for the financial year ended 31 December 2015, up 13% from AED 2.3 billion in 2014. Net profit for the fourth quarter rose 4% to AED 750 million, from AED 718 ...
Read More »Hong Kong land price plunges 70% in govt tender
Bloomberg In the latest sign that Hong Kong’s property correction is deepening, a parcel of land sold by the government in the New Territories went for nearly 70 percent less per square foot than a similar transaction in September. The 405,756 square foot site in Tai Po sold for HK$2.13 billion ($274 million) or HK$1,904 per square foot, in a ...
Read More »Manazel posts AED 195mn profit up by 29%
Abu Dhabi / Emirates Business Manazel Real Estate PJSC (â€Manazelâ€), a leading UAE developer, on Monday announced its results for the twelve months ended 31 December 2015, the first full year results since listing on the Abu Dhabi Securities Exchange in November 2014. Strong growth in earnings reflects a robust performance for the year. Net profit grew 29% to AED ...
Read More »London realty prices jump 5.4% in February
Bloomberg Asking prices for London homes reached another record this month as the winter lull in the market came to an end. The 5.4 percent monthly surge puts the average price at 643,843 pounds ($932,000), property website operator Rightmove said. Inner London surged almost 8 percent to 848,000 pounds. Nationally, prices rose 2.9 percent in February from January. The report ...
Read More »ADM sponsors, participates in future landscape and public realm meet
Abu Dhabi / WAM As part of its participation in the Fusture Landscape and Public Realm Conference held on Yas Island in February, Abu Dhabi City Municipality, (ADM), reviewed many initiatives in providing services for public realm projects, lighting standards and sustainability in public realms. It also presented other working papers highlighting the role played by the municipality in landscaping ...
Read More »New thermal energy storage prototype at Masdar Institute
Abu Dhabi / Emirates Business The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, has announced the successful initiation of its Concentrated Solar Power on Demand Demonstration (CSPonD Demo) pilot at the Masdar Institute Solar Platform (MISP) located in Masdar City. The demonstration is intended to show that the novel ...
Read More »Oil gives up gains as Iran loads shipment for Europe
Singapore / AFP Oil prices turned lower again on Monday as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut. Both main contracts had soared more than 10 percent on Friday on a report that the OPEC producers’ club was open to output cuts that could drag prices ...
Read More »