May, 2017

• 18 May

  US stocks fall, Brazil equities plunge

  

  Bloomberg Brazilian equities plunged 10 percent before being halted as political crisis gripped the nation. Losses in US stocks were muted and the dollar rose for the first time in seven days as investors assessed the turmoil in Washington. The S&P 500 Index retreated 0.2 percent, with fresh revelations about undisclosed contacts between Donald Trump’s campaign and the Kremlin adding ...

  Read More »
• 18 May

  MSCI shares pose main drag on Gulf stock markets

  

  Reuters Stock markets in the Middle East most exposed to foreign fund flows followed glo- bal shares lower on Thursday, while the Saudi Arabian index, dominated by local investors, outperformed the region for the day and the week. Dubai’s index lost 0.5 percent as most shares that are constituents of the MSCI emerging market index dropped. DXB Entertainments slumped 4.3 ...

  Read More »
• 18 May

  GCC, EU hold meet to enhance trade, investment cooperation

  

  Abu Dhabi / Emirates Business The UAE participated in the first trade and investment dialogue between the Gulf Cooperation Council (GCC) and the European Union (EU), which concluded at the headquarters of the Council’s General Secretariat at the Saudi Capital of Riyadh. The Ministry of Economy organized the UAE delegation which was headed by Mohammed Nasser Hamdan Al Zaabi, Director ...

  Read More »
• 18 May

  Dubai brings strong business events presence

  Dubai / WAM Dubai Business Events (DBE), the city’s official convention bureau and a division of Dubai Corporation for Tourism and Commerce Marketing, has been showcasing Dubai’s dynamic business events offering at IMEX, which has been taking place this week in Frankfurt. DBE has brought a total of 27 stakeholders and partners to the global events industry exhibition, which has ...

  Read More »
• 18 May

  Smart Dubai wins 3 awards at ICT

  

  Dubai / Emirates Business Smart Dubai has won three awards at the annual Government ICT Achievements Awards, organised recently by .Gov magazine – an ITP publication – at The Grosvenor House hotel in Dubai Marina. Attended by more than 200 government official and ICT experts, the event sheds light on the progress and achievements of governments across the GCC in ...

  Read More »
• 18 May

  Liwan Ramadan Majlis in Dubai to offer elegant cuisine

  Dubai / Emirates Business A special Liwan Ramadan Majlis in Dubai is setting new standards in luxury and opulence during the Holy Month of Ramadan, making it not only a blessed experience but also offering an exclusive feel with its unique mix of attractions. The Liwan Ramadan Majlis in Jumeirah, Dubai will be truly a one-of-its-kind Ramadan Majlis, unravelling a ...

  Read More »
• 18 May

  Tata Steel eyes aggressive India growth as UK fog clears

  

  Bloomberg Tata Steel Ltd. plans to grow “very aggressively” in India, riding on Prime Minister Narendra Modi’s promise of record infrastructure spending, after moving closer to a possible joint venture in Europe that will help stem losses there. “We will be growing very significantly or growing very aggressively as far as India is concerned,” Group Executive Director for Finance Koushik ...

  Read More »
• 18 May

  Japan’s GDP extends run of gains as exports support growth

  

  Bloomberg Japan’s economy advanced for a fifth straight quarter, the longest expansion in a decade, supported by continued strength in exports. Domestic demand rebounded, but economists question whether this strength will continue. Gross domestic product increased by an annualized 2.2 percent in the three months ended March 31 (estimate +1.7 percent), accelerating from a revised 1.4 percent in the previous ...

  Read More »
• 18 May

  Tencent posts record Q1 sales, profit

  

  Bloomberg Tencent Holdings Ltd.’s investments in blockbuster video and gaming content are paying off — big-time. China’s largest internet company posted record quarterly sales and profit that topped all analysts’ estimates as blockbuster titles including Honour of Kings drove a billion-plus users on WeChat and QQ to spend on game items. Chairman Pony Ma’s strategy of stockpiling rights to hit ...

  Read More »
• 18 May

  Australia’s jobless rate drops, currency rises

  

  Bloomberg Australia’s jobless rate fell in April, adding to the previous month’s strong employment gains, reinforcing expectations that the central bank won’t cut interest rates further. Employment rose 37,400 from March; economists forecast 5,000 gain Jobless rate fell to 5.7%, the lowest since January, vs 5.9% estimate. Full-time jobs fell 11,600; part-time employment rose 49,000. Participation rate held at 64.8% ...

  Read More »