March, 2017

• 28 March

  DIFC Governor meets Kazakhstan president

  

    Dubai / Emirates Business His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC), earlier this week welcomed His Excellency Nursultan Nazarbayev, the President of the Republic of Kazakhstan, as a high level delegation from Kazakhstan visited DIFC for a series of meetings and presentations, in presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of ...

  Read More »
• 28 March

  Empower customers crossed 65,000 in 2016

    Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) on Tuesday announced that the number of its customers has increased to reach 65,000 by the end of 2016. Empower underscored that the number of its clients continues to rise in 2017. According to Empower, the main reason behind this increase is the customers’ growing trust in the district cooling service, ...

  Read More »
• 28 March

  India to pledge $3.5bn for infra projects in B’desh

  

    Bloomberg India is likely to give Bangladesh a credit line of at least $3.5 billion for infrastructure projects during Prime Minister Sheikh Hasina’s state visit in April, as Beijing and New Delhi jostle for geopolitical influence in South Asia. The credit line, which would be India’s third to its neighbour, would go toward a variety of projects ranging from ...

  Read More »
• 28 March

  India’s wheat imports remain near decade high

  

    Bloomberg India’s wheat imports are likely to remain near the highest in a decade as the world’s second-biggest producer seeks to replenish stockpiles slashed by El Nino-induced drought, according to one of the nation’s largest buyers. Imports may reach 3 million metric tons in 2017-18, S. Sivakumar, the chief executive officer of ITC Ltd.’s agriculture business division, said in ...

  Read More »
• 28 March

  US stocks rebound with banks as crude advances

  

    Bloomberg US stocks rose for just the second time in nine sessions, as financial shares rebounded from a six-week low after a spike in consumer confidence rekindled optimism in the strength of the American economy. Treasuries slipped and the dollar edged higher. Banks slammed by concern Donald Trump would have trouble getting regulatory roll-backs through Congress rallied on Tuesday ...

  Read More »
• 28 March

  Emaar Malls jump as Amazon seals Souq.com deal

  

    Reuters Most Gulf stock markets edged up on Tuesday although trading volumes were generally low, while Emaar Malls jumped in Dubai after the company appeared to lose a contest with Amazon.com to acquire Middle Eastern online retailer Souq.com. Emaar Malls added 3.6 percent, outperforming Dubai’s stock index, which dropped 0.2 percent. The company’s shares had dropped 2.8 percent in ...

  Read More »
• 28 March

  Asian markets higher after Wall Street sinks

    AP Asian stock markets rose Tuesday after Wall Street sank on worries the Trump administration might not do as much for businesses as once thought. Tokyo’s Nikkei 225 gained 1 percent to 19,175.48 and Hong Kong’s Hang Seng advanced 0.5 percent to 24,308.32. The Shanghai Composite Index declined 0.4 percent to 3,252.81 while Sydney’s S&P-ASX 200 added 0.2 percent ...

  Read More »
• 28 March

  Sour note!

  

    LONDON / AP It’s a resonant moment of European cultural harmony: a Swedish soprano and a pan-European orchestra rehearsing a Bach cantata in a medieval English church. With Britain about to leave the European Union, it’s also a poignant one. The ensemble rehearsing in a York church is the European Union Baroque Orchestra, founded 32 years ago to use classical ...

  Read More »
• 28 March

  Qatar wealth fund expansion undeterred by Brexit, Trump

  

    Bloomberg Qatar’s sovereign wealth fund plans to expand in the UK and the US, as top officials said long-term commercial opportunities would outweigh political uncertainty roiling the two countries. The gas-rich Gulf emirate will add 5 billion pounds ($6.3 billion) to its UK portfolio in the next three to five years, and will set up an office soon in ...

  Read More »
• 28 March

  Canada, Bakken light oil jump as supply cut meets demand surge

  

    Reuters Light crude surged in Canada and the northern US after an oil-sands upgrader shut for maintenance because of a fire and Energy Transfer Partners LP said it was preparing to place the Dakota Access pipeline into service. Synthetic crude’s premium to West Texas Intermediate futures jumped $1.45 to $4.70 a barrel Monday, the strongest in more than a ...

  Read More »