February, 2016

• 25 February

  Emirates Securities Market down by 0.37 percent

  

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.37% to close at 4239.35 points. Accordingly the Market Capitalization has lost AED2.56 Billion attaining AED687.68 Billion. A total of 0.65 Billion Shares were traded with a total value of AED0.66 Billion during the trading session of 25-02-2016 through 7094 transactions. The number of companies which has been traded ...

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• 25 February

  European shares rebound despite China slide

  

  London / AFP European stock markets rebounded on Thursday despite another slide for Chinese share prices, as investors looked ahead to a key meeting of finance ministers to discuss strains in the global economy. London’s benchmark FTSE 100 index rallied to stand 2.0 percent higher in late morning deals. In the eurozone, Frankfurt’s DAX 30 won 0.8 percent and the ...

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• 25 February

  Tokyo shares higher in early deals on Wall St gains

  Tokyo / AfP Tokyo shares rose in early trading on Thursday as a weaker yen provided support to exporters following a positive lead from Wall Street as oil prices rebounded from steep falls. US stocks pushed higher on Wednesday as crude prices stabilised, with both US and Brent closing modestly higher following Tuesday’s slump of more than four percent. Higher ...

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• 25 February

  USA new-home sales tumble in Jan

  

  Washington / AP Americans stepped back from buying new homes in January, as purchases plunged sharply in western states where prices are typically higher. The Commerce Department said Wednesday that new-home sales fell 9.2 percent last month to a seasonally adjusted annual rate of 494,000. Most of the decline stemmed for a 32.1 drop in sales in the West. Sales ...

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• 25 February

  Vancouver’s island hinterland attracts affordability refugees

  

  VANCOUVER / Bloomberg Three times a week Neil Valsangkar escapes Canada’s most expensive real estate market by paying C$100 ($73) for a 20 minute float plane ride to his Vancouver office from his home across the Salish Sea. The 50 kilometer (31 mile) aerial commute allows the father of three to live in Nanaimo, British Columbia where homes cost about ...

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• 25 February

  IT alert: Locky on prowl in UAE

  

  ALKESH SHARMA / EMIRATES BUSINESS Information technology networks in the country now have a new bug to fight. The malware which is already spreading havoc in the American and European corporate world is posing serious threats to companies in the UAE and Middle East. Industry experts have sounded an alert against ‘Locky’ — as it is named — which is capable ...

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• 25 February

  ‘All-women’ airlines all set to take-off

  

  RITIKA SHARMA / Emirates Business Taxis, fashion brands and now airlines – you cannot get enough of this young nation when it comes to women. From earning global recognition for respecting women to having a higher number of female university graduates than their male counterparts, UAE has shown the world that it is more than committed to raising the status ...

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• 25 February

  Girl students take wings at Airbus Little Engineer workshop

  Emirates Business From assembling a model of the Airbus A380, the world’s largest passenger aircraft to carry out a simulation of a launch mission to space, more than 30 female students from the UAE got an opportunity to participate at the Airbus Little Engineer workshop held alongside the Global Women’s Forum in the UAE. The workshop conducted by Airbus Middle ...

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• 25 February

  Time for thrill-seekers to earn wings!

  

  Abu Dhabi / EMIRATES BUSINESS The ultimate record-breaking roller coaster ‘Flying Aces’ launched on Wednesday at Ferrari World Abu Dhabi, delivering a unique, adrenaline-fueled experience for roller coaster lovers and thrill seekers alike. The exciting new ride was unveiled at an exclusive launch event attended by HE Mohamed Khalifa Al Mubarak, Chairman of Abu Dhabi Tourism & Culture Authority, and Mohamed ...

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• 25 February

  Mena Market Place adds Just Premium to operations

  Sunaina Rana / EMIRATES BUSINESS UAE-based company Mena Market Place is soaring to new professional heights under the leadership of director Nader Bitar. One of the leading programmatic advertising companies in the region, the firm has now formed strategic partnerships with industry giants Just Premium and SSP Rubicon Project. Nader Bitar, Director, Mena Market Place, said, “Mena Market Place is the ...

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