The leading academic theory of asset bubbles is that they don’t really exist. When asset prices skyrocket, say mainstream theorists, it might mean that some piece of news makes rational investors realize that fundamental values like corporate earnings are going to be a lot higher than anyone had expected. Or perhaps some condition in the economy might make investors suddenly ...

BLOOMBERG Saudi stocks led Middle Eastern markets lower as oil languished near $40 a barrel and the Easter weekend holiday in Europe sapped volumes. Equities in Dubai extended the longest losing streak in more than two months. The Tadawul All Share Index sank for a fourth day, losing 1.7 percent to 6,244.60 as of 3:17 p.m. in Riyadh. Jabal Omar ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.73% to close at 4418.03 points. Accordingly the Market Capitalization has lost AED 5.29 billion attaining AED 716.66 billion. A total of 313 Million Shares were traded with a total value of AED 356.37 million during the trading session of 26-04-2016 through 4475 transactions. The number of companies which ...

BLOOMBERG As starts go for Japan’s initial public offering market, this year’s has been pretty bad. When Willplus Holdings Co., a car dealer, opened below its offer price on its debut last week, it became the sixth of 21 IPOs to do so this year. In the rush of initial share sales in 2015 that saw 98 companies go public, ...

Abu Dhabi / Emirates Business Saadiyat Development and Investment Company (SDIC) awards the landscaping contract of Hidd Al Saadiyat to Gulf Contracting Company (GCC). Hardscaping of the neighborhoods, kicking off in 2016, will include pavement of driveways, pathways and road signage, benches, light poles, and bollards. Furthermore, underground work activities including irrigation, electrical, manholes and concrete bases for signage will ...

Bloomberg Macy’s Inc. named Four Corners Property Trust Inc. Chief Executive Officer Bill Lenehan to its board, enlisting a real estate expert to help the chain figure out what to do with its properties. The 39-year-old will join the board on April 1, the Cincinnati-based company said in a statement. Lenehan, who became CEO of Four Corners last year, has ...

Bloomberg The property market is an animal almost every central banker is worried about and hardly anyone can control. As the Federal Reserve downshifts into go-slow mode while the European Central Bank and other monetary authorities ease, expect to hear a lot of concern about property prices. Here’s the dilemma: How do you cut rates to goose too-low inflation and ...

AFP The serenity of Cui Ruzhuo’s ink landscapes is a far cry from the turmoil of China’s contemporary art market. But he can bank on his own status as the country’s best-selling living artist. Cui’s works reflect traditional Chinese forms and subjects, replete with largely monochrome mountains, lakes and trees. Little known in the West, his works fetched a total ...

AFP Stroll around the office or neighborhood six times a day, and earn $1.50 toward your health insurance. Step up activity a bit more and bring the total to $1,400 annually. The catch: you need to wear a special activity tracker that monitors steps taken, “intensity” levels and other physical indicators. That’s the offer in a new insurance product marketed ...

RITIKA SHARMA / Emirates Business Abu Dhabi’s tourism industry is heading to China next week, visiting five major cities, with a dedicated roadshow which aims to showcase the Emirate to the People’s Republic and reinforce the rapid growth of inbound tourism from the country. A 15-strong delegation, led by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) and comprising ...