DUBAI — Soud Ba’alawy has stepped down as Chairman of NASDAQ Dubai after more than two years overseeing the successful expansion of the Exchange.
Ba’alawy has resigned in order to focus more closely on his core role at Dubai Group, the leading diversified financial services company of Dubai Holding. As part of that transition, Ba’alawy will also resign his seat on The NASDAQ OMX Group board. He was appointed to the board in March 2008.
LONDON - After New Year cheer, reality is starting to bite. Several factors have doused the rallies in some key basic resources this year, including dollar strength and concern about regulation, but most noticeable are the steps taken by commodity consuming giant China to curb excessive loan growth.
WASHINGTON - U.S. wholesale inventories unexpectedly fell 0.8 percent in December, while sales rose 0.8 percent, a government report showed on Tuesday.
