June, 2017

• 4 June

  Could China be on the verge of a recession?

  

  For the first time ever, China is facing a dreaded prospect: the inverted bond yield curve. The phenomenon, in which long-term interest rates sink below short-term interest rates, has caused some consternation among market-watchers, who know it’s traditionally a harbinger of recession. The inversion suggests markets expect interest rates to fall eventually as monetary authorities move to stimulate economic activity. ...

  Read More »
• 4 June

  Store-killer Amazon shows physical retail still matters

  

  Amazon helped kill bookstore chains, and now it’s becoming one. The company has been opening physical bookstores in cities like Seattle, San Diego and Chicago since 2015. Last week, it opened its seventh bookstore in an upscale mall in New York City. In an ironic twist, Amazon’s store is one floor up from a former Borders store, the bookstore outlet ...

  Read More »
• 4 June

  Bitcoin and stocks are both powered by psychology

  

  Bitcoin has been on an unbelievable run. The cryptocurrency is up around 124 percent for 2017. And that’s after it gained 125 percent in 2016. In May alone, it’s up more than 60 percent. It’s hard to know what the long-term impact or performance will be, but one thing’s for sure — investors are swept up in cryptocurrency mania. One ...

  Read More »
• 4 June

  S&P 500 manages weekly gain for restless bulls

  

  Bloomberg The bulls are back in charge after a second weekly advance pushed the S&P 500 Index to a fresh record. But look a little more closely and the signs of unease in the stock market are hard to ignore. It’s visible in fund flows, where investors are rotating from US stocks to the rest of the world at the ...

  Read More »
• 3 June

  Dubai external trade in 7 foods hits AED16.3bn

  

  DUBAI / WAM Dubai Customs’ statistics has revealed that the value of Dubai external trade in the seven primary Ramadan foodstuff in 2016 reached AED16.34 billion. Sugar topped the list at AED5.1 billion, followed by rice at AED4.8 billion, nuts at AED3.7 billion, bottled water at AED1 billion, juices at AED873.8 million, dates at AED813.75 million, and flour at AED57.37 ...

  Read More »
• 3 June

  ‘Sustainability Champions’ join training session

  Dubai / WAM Dubai Investments, the leading, diversified investments conglomerate listed on the Dubai Financial Market, has hosted the second round of the training session for ‘Sustainability Champions’ of the company and its subsidiaries. Held under the theme ‘For a Better Partnership within the Dubai Investments Family’, the session focused on the Sustainable Development Goals 2030, outlined by the United ...

  Read More »
• 3 June

  Musanada to deliver AED687mn Al Hayer project by early 2019

  

  Abu Dhabi / WAM Abu Dhabi General Services Company, Musanada, has revealed that work is progressing as planned in the Al Hayer residential project in Al Ain, which will be handed over by early 2019. This forms part of Musanada’s efforts to deliver leading housing projects, thus contributing to achievement of the objectives of Abu Dhabi Plan in the area ...

  Read More »
• 3 June

  1,41,500 firms fined over incomplete work permit registration, late renewal

  Abu Dhabi / Emirates Business 1,41,500 fines had been issued for incomplete work permit registration or late renewals against 52,765 private sector companies, the Ministry of Human Resources and Emiratisation (MOHRE) announced on Saturday. Saif Al-Suwaidi, Undersecretary of Human Resources at the Ministry, said, “The number of fines cumulates to 15 percent of total sum of companies recorded within the ...

  Read More »
• 3 June

  RTA updates ‘Salama Magazine’

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA), launched an updated version of its smart app, Salama Magazine, to facilitate and speed up the experience of children and their parents browsing the traffic awareness and safety publication. The updated edition is enhanced with augmented reality games, which will enable the publication to reach out to children everywhere, the RTA ...

  Read More »
• 3 June

  ADNIC top performer for ‘innovation in corporate insurance solutions’

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADINC), one of the leading regional multi-line insurance providers for corporates and individuals has been recognized for innovation in corporate insurance solutions at the Innovation and Excellence Awards 2017. Commenting on the achievement, Abdulla Al Nuaimi, Excutive Vice President – Shared Services at ADNIC said: “ADNIC’s business strategy is built ...

  Read More »