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DUBAI / WAM The Arab-Brazilian trade exchange has significantly developed during the first half of 2017, with the daily growth rate of Brazilian exports to the Arab countries being on the rise during the monitored period, according to the Arab-Brazilian Chamber of Commerce. A report released by the Chamber has stated that the Brazilian exports bound to the Arab nations ...

Bloomberg Apple Inc. soared to a record after giving a revenue forecast that highlighted resilient demand for the iPhone ahead of the launch of its new models and the growing significance of the company’s supporting businesses. New iPhones typically go on sale in mid- to late September, which produces a few weeks of revenue that are included in the company’s ...

Bloomberg Irish home prices will surge at the fastest pace in Europe in coming years, fueled in part by bankers moving to Dublin as the UK prepares to depart the European Union, S&P Global Ratings said. The price of a house in Ireland will increase 8.5 percent this year and 7 percent in 2018, S&P said. That’s the fastest rate ...

Bloomberg The gain in hiring at companies in July, along with upward revisions to the prior month, is consistent with moderate growth in U.S. employment, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey. Highlights of ADP Employment (July) Private payrolls rose by 178k (est. 190k); gain in June revised to 191k from 158k Payrolls ...

Bloomberg Facebook Inc.’s Instagram is most popular for people younger than 25, who the company says spend an average of more than 32 minutes a day on the photo-sharing app. For those 25 and older, usage is more than 24 minutes a day, the company said. Instagram is crediting much of the growth in engagement to its “Stories,” which was ...

Bloomberg UK construction growth slowed to the weakest in almost a year in July, according to IHS Markit. The Purchasing Managers’ Index fell to 51.9, the lowest since August, from 54.8 in June. That’s below the 54 forecast by economists in a Bloomberg survey, although it remains above the 50 level dividing expansion from contraction. The construction sector was a ...

Bloomberg Volkswagen AG, Daimler AG and BMW AG agreed to upgrade more than 5 million diesel cars in Germany in a bid to salvage their beleaguered diesel technology and draw a line under an emissions scandal that shows no signs of abating after nearly two years. The deal, hashed out at an emergency summit in Berlin on Wednesday, also includes ...

Bloomberg Egypt may exceed its $10 billion target for foreign direct investment this year as the weaker pound reduces the cost of doing business in North Africa’s largest economy and a new investment law comes into force, the investment minister said. Sahar Nasr told Bloomberg she had been approached by investors from Saudi Arabia, Singapore, China and the United Arab ...

Bloomberg Europe’s oil industry is once again generating cash even as crude languishes at half the price of three years ago. Yet companies remain vulnerable to a renewed downturn. The region’s top three — Royal Dutch Shell Plc, Total SA and BP Plc — can now cover spending from cash flow with oil at $50 a barrel. But BP predicts ...

Bloomberg Saudi Arabia aims to sell about 5% of Saudi Aramco in an initial public offering next year, and stock exchanges from UK to Japan are vying for what may be world’s richest IPO. Saudi crown prince, Mohammed bin Salman, will soon decide where to sell the company’s shares after government officials heard a presentation on the listing process last ...