June, 2016

• 12 June

  China stock market burns investors with boom-and-bust

  

  Shanghai / AFP Small-time investor Tracy Li lost more than $3,000 of her hard-earned salary from working at a bank after China’s stock market crashed last summer, wiping out trillions of dollars in valuations in just days. A year later, and she has been burned twice, betting government intervention to prop up the market after the rout would guarantee good ...

  Read More »
• 12 June

  Gulf stocks drop as uncertainty plagues emerging-market assets

  

    BLOOMBERG Dubai stocks led a retreat across Gulf Arab equities, tracking declines in emerging markets as investors brace for a series of key global events including this week’s Federal Reserve meeting and MSCI Inc.’s annual market-classification review. The DFM General Index retreated 1 percent, the steepest drop since June 2. Emaar Properties PJSC, the developer with the largest weighting ...

  Read More »
• 12 June

  LatAm’s worst bank stock offers max potential returns

    Bloomberg Itau Corpbanca is the Latin American lender that offers investors the juiciest potential returns, equity analysts say. It’s also the worst performer in the region as investors ignore buy recommendations and wait for a recovery in its earnings. Itau Corpbanca’s 12-month average target price is 31 percent above the current price, the largest difference among 27 Latin American ...

  Read More »
• 12 June

  England’s Euro 2016 exit could wipe £6bn off stock market

    Dubai / Emirates Business England’s early elimination from the Euros 2016 could wipe £6 billion off the stock market in a single day, a finance expert from London Business School has warned. Alex Edmans, Professor of Finance, London Business School, on Sunday said the effect of football results on national mood is so strong that it can spill over ...

  Read More »
• 12 June

  Peru could be mine superpower if leader can woo farmers

  

    Bloomberg Arriving late to the mining boom helped Peru defy a global freeze on project spending as prices plunged. Now the pipeline’s drying up, and the country’s chances of joining neighboring Chile as a copper superpower depend largely on the next president’s affinity with remote communities. For Pedro Pablo Kuczynski, who secured the majority of votes in presidential election, ...

  Read More »
• 12 June

  Evaluation of applications for biz, innovation awards commences

  

    Dubai / WAM Dubai Chamber of Commerce and Industry, in its continued quest to harness a robust and competitive business environment, has now commenced the evaluation of applications for both the Mohammed bin Rashid Al Maktoum Business Award and the newly launched 1st edition of the Mohammed bin Rashid Al Maktoum Business Innovation Award. The Mohammed bin Rashid Al Maktoum ...

  Read More »
• 12 June

  MoE inspects Abu Dhabi fruits & vegetable market

  

    Abu Dhabi / WAM The Ministry of Economy (MoE) organized an inspection of the fruits and vegetables market at the Port Zayed area in Abu Dhabi on Sunday. The visit was led by Dr Hashim Al Nuaimi, Director of the Ministry’s Consumer Protection Department, and was held in cooperation with the Department of Economic Development in Abu Dhabi. The event marks ...

  Read More »
• 12 June

  Al Ghafli reviews progress of Sheikh Shakhbout Medical City

  

    Abu Dhabi / WAM Saeed Eid Al Ghafli, Chairman of the Executive Office, has confirmed that the Government of Abu Dhabi is determined, according to adopted plans, to follow the wise leadership’s guidance seeking to reinforce health services and facilities in the Emirate of Abu Dhabi, and to provide the best available services, treatments and technologies. He made this statement ...

  Read More »
• 12 June

  Western Union launches ‘30 Days of Betters’ Ramadan campaign

  

    Abu Dhabi / Emirates Business The Western Union Company, a leader in global payment services, on Sunday launched its “30 Days of Betters” program to reinforce the universal concepts of sharing and caring during the Islamic holy month of Ramadan. The program will run simultaneously in the United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), Qatar, Kuwait,Indonesia and ...

  Read More »
• 12 June

  ADFD hosts Ramadan lecture for staff

  

    Abu Dhabi / Emirates Business In keeping with the spirit of the Holy Month of Ramadan, Abu Dhabi Fund for Development (ADFD) hosted a religious lecture delivered by Taleb Al Shehhi, Director of Preaching Department at the General Authority of Islamic Affairs and Endowments and Vice Chairman of Sharia Committee at Zakat Fund. The lecture aimed to increase the ...

  Read More »