The collapse of China’s stock markets a year ago was eye-catching, but in the end, hardly earth-shattering. Despite the pain for millions of retail investors, the fact is that stocks remain a small part of the financial system in China. Their brief, giddy rise and spectacular collapse never really threatened the wider Chinese economy, let alone the global financial ...

  Bloomberg US stocks fluctuated near an all-time high, while a rebound in crude oil lifted energy producers and gold snapped its longest rally in six weeks. The rally in global bonds faltered. The S&P 500 Index swung between gains and losses as retailers stumbled a second day on lackluster quarterly results. Crude rose past $40 a barrel after U.S. ...

  DUBAI / Reuters Egypt’s stock market closed at a one-year high on Wednesday on optimism among local investors that a loan deal with the International Monetary Fund would boost the economy, while weak oil prices and global bourses pushed Gulf bourses down further. Cairo’s main index jumped 1.6 percent to a one-year high of 8,105 points in rising turnover, ...

  Dubai / WAM Growth of the UAE’s non-oil private sector accelerated to a ten-month high in July. Sharp expansions of output and new work helped the sector to gather momentum, alongside quicker rises in purchasing activity and employment. Notably, the rate of job creation was the fastest in over a year. Meanwhile, purchasing costs continued to increase solidly. The rate ...

  Dubai / WAM A total of 503 fake passports were seized during the last six months by the Expertise Centre Identity and Fraud Documents (ECIFD) system at Dubai International Airport, according to a top official. During an inspection visit to the ECIFD, Major General Mohammed Al Marri, Director-General of the General Directorate for Residency and Foreigners Affairs in Dubai, GDRFA-Dubai, ...

  Dubai / Emirates Business In line with its commitment to support aerospace innovation across the Middle East, Honeywell (NYSE:HON), has brought its industry-leading test aircraft to Dubai for a three-day stop as part of final testing for a revolutionary new GX Aviation, high-speed inflight Wi-Fi network arriving to airlines and business jets later this year. Honeywell has a long ...

  RAS AL KHAIMAH / wam The Ras Al Khaimah Department of Economic Development (DED) in cooperation with the Federal Competitiveness and Statistics Authority, has completed its annual economic survey and quarterly survey (Q1 2016), which ran from April 10 until June 16. The surveys involved 1,200 companies across a variety of sectors throughout the emirate, including free zones, and ...

  Dubai / WAM The Dubai Islamic Economy Development Centre and Dubai Chamber of Commerce and Industry have announced the organisation of the third Global Islamic Economy Summit (GIES) 2016, to be held at Madinat Jumeirah this October with Thomson Reuters as Strategic Partner. Themed, “Inspiring Change”, this year’s event will include six plenary sessions covering broad topics such as the ...

  Ras Al Khaimah / Emirates Business Ras Al Khaimah recorded a 23 per cent increase in visitors from India during the first six months of 2016 compared to the corresponding January-June period last year, according to the Ras Al Khaimah Tourism Development Authority (RAKTDA). The positive growth trend during 2016 ranks India as the third largest international source market ...

  Dubai / WAM The Dubai Supreme Council of Energy (DSCE) has joined the Building Efficiency Accelerator (BEA) partnership, launched by the United Nations (UN), to double the rate of energy efficiency by 2030. Building efficiency policies can result in 25-50 per cent reductions in energy demand from both new and existing buildings, saving money and reducing pollution. “DEWA adopts a ...