March, 2017

• 27 March

  Kuwait to adopt new equities benchmark next year

  

    Reuters Kuwait’s stock exchange will introduce a new equities benchmark next year after completing a reorganization of its listed companies into new market categories, the bourse’s chief executive officer said. Boursa Kuwait, as the exchange is known, will group companies in segments according to criteria including market capitalization and average daily traded volume as part of a program to …

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• 27 March

  Global stocks sink as ‘Trump trade’ flips into reverse

  

    AP Stocks around the world sank on Monday on worries that the Trump White House may not be able to help businesses as much as once thought. Many of the trends that have been in place since Election Day went into sharp reverse: The dollar’s value sank against other currencies, as did bank stocks, while prices jumped for Treasury …

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• 27 March

  Mideast market follows global downtrend

    Reuters Most Middle Eastern stock markets fell in thin trade on Monday, in line with global losses, with Egypt hit particularly hard. The Saudi stock index edged down 0.3 percent in the lowest volume since September; declining shares outnumbered advancing ones by 115 to 31. Most petrochemical producers fell, with Saudi Kayan Petrochemical losing 0.7 percent. The largest dairy …

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• 27 March

  Lockheed’s $29bn copter may win Pentagon’s nod

  

    Bloomberg The Pentagon is poised to review — and probably approve — a new helicopter from Lockheed Martin Corp. to transport heavy cargo for the Marine Corps in a program valued at as much as $29 billion. The Defense Acquisition Board has scheduled a March 30 meeting to review whether to approve low-rate production for the first 24 of …

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• 27 March

  Emirates monitors US demand amid concerns about laptop ban

  

    Bloomberg Emirates will adjust its offering if customer demand drops following a US ban on in-flight electronics and called for the measure to be imposed more widely. The world’s biggest long-haul carrier will be watching bookings to its U.S. destinations “very carefully” to monitor any declines, Emirates President Tim Clark said in an interview with Bloomberg TV in Dubai. …

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• 27 March

  BA starts scanning faces to enable faster boarding

  

    Bloomberg British Airways (BA) is rolling out technology that will allow passengers to go through boarding gates at its main London Heathrow Airport hub using facial recognition. Biometric devices at the main security-screening area in Terminal 5 capture a traveler’s features along with the boarding pass, and then a facial scan at the gate verifies the person’s identity, allowing …

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• 27 March

  Etihad Airways Engineering receives production approval

  

    Abu Dhabi / Emirates Business Etihad Airways Engineering become the first organisation in the Middle East to be granted with a Part21G Production Organisation Approval (POA) by the European Aviation Safety Agency (EASA). With the new approval Etihad Airways Engineering is now entitled to manufacture interior parts such as seat covers, carpets, curtains, decals and markings alongside composite and …

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• 27 March

  From Tundey Kababi to zoos!

  

    Lucknow / AP India’s most populous state is running out of meat. After the Hindu right-wing Bharatiya Janata Party came to power in Uttar Pradesh this month on the back of a resounding electoral victory and named a Hindu priest-cum-politician as the state’s chief minister, the government began cracking down on illegal slaughterhouses and meat shops. The new chief minister, …

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• 27 March

  Oil drops as producers seek more time to cut stockpiles

  

    Bloomberg A pledge by crude producers to consider extending their output-cut deal failed to excite oil bulls, with prices dropping as more time was seen needed to trim swollen global stockpiles. Futures lost as much as percent 1.3 percent in New York, extending their third weekly drop this month as rising US supplies offset the effect of output curbs …

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• 27 March

  Saudi sweetens huge Aramco IPO with tax cut

  

    Reuters Saudi Arabia’s government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company’s initial public offer of shares next year, which is expected to be the world’s largest equity sale. A royal decree on Monday, retroactive to Jan. 1, set a tax rate of 50 percent for the firm. Previously, Aramco had …

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