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India stocks halt 4-day rally as data shows recovery woes

Bloomberg Indian equities declined, halting their longest run of gains in three weeks, as economic growth concerns resurfaced amid a steady increase in new infections. The S&P BSE Sensex falls 0.4% to 38,244.45 as of 9:40 am in Mumbai, after rising for four straight sessions. The NSE Nifty 50 Index also declined by a similar magnitude. The nation’s factory output ...

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Emaar Malls posts AED345m net profit in first half of 2020

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Dubai / Emirates Business Emaar Malls, the developer of premium shopping malls and retails assets including The Dubai Mall, majority-owned by Emaar Properties, reports revenue of AED1.657 billion in the first half of 2020 (January to June). With a first-half net profit of AED345 million, the result demonstrates the resilience of the business. Commenting on the results of the first ...

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UAE and China’s tech strategies served well during pandemic

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Beijing / WAM The UAE Ambassador to China has said that both the UAE and China have been making headway in technological innovation and achievements. “This is a seismic age for technology, from the apps we use on our phones and new ways of working to high technology itself,” Dr Ali Obaid Al Dhaheri wrote in an Op-Ed in the ...

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