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Asia profits tank 73% as earnings season kicks into high gear

Bloomberg After a dreadful March quarter for Asian corporations, investors are bracing for another wave of reporting cards that will reflect the first full three-month period during the worst virus outbreak in living memory. More than 280 companies on the MSCI Asia Pacific Index are expected to report results next week, and the number will continue to climb in August. ...

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UAE, Turkmenistan discuss ways to bolster bilateral ties

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday received a telephone call from Gurbanguly Berdimuhamedow, President of Turkmenistan. During the conversation, the two leaders discussed ways of strengthening bilateral ties and cooperation to serve the mutual interests of the two ...

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Dubai records AED72.5bn in real estate transactions in H1

Dubai / WAM Dubai’s real estate market witnessed transactions worth AED72.5 billion in the first half of 2020, despite the impact of the global Covid-19 outbreak, according to a report issued by the Dubai Land Department (DLD). The figures indicate that Dubai’s real estate sector is gradually returning to normal, driven by the stimulus packages and initiatives launched by the ...

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