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HuaweiNEW YORK - Global stocks slipped on Tuesday and the U.S. dollar dropped to a two-and-a-half month low against the Japanese yen as worries about the U.S. economy and Europe overshadowed signs of recovery in China’s vast factory sector.
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Indian state-run insurers have agreed to give limited cover to local ships for carrying Iranian oil, helping the energy-hungry country import reduced volumes from sanctions-hit Teheran from July, a Shipping Corp of India director said on Tuesday.
Fiscal austerity and tough labour reforms have failed to create jobs, leading to an “alarming” situation in the global employment market that shows no sign of recovering, the ILO said on Sunday.
Abu Dhabi’s benchmark stock index advanced for the fourth time in five days after profit at the emirate’s largest real estate developers rose on higher home deliveries in the UAE capital.
Abu Dhabi’s top businessmen have invited US companies to invest in its booming industrial zones.
Al Maya Group, one of the leading retailers in the Middle East, has completed 30 years of operation in the region and plans to reward its loyal customers through a series of promotions over the coming months. The group said as part of the 30-year celebrations, it is starting “the Al Maya Birthday Carnival” from May 1.
Starwood Hotels and Resorts Worldwide has signed two deals to re-enter the Iraq hospitality market after 20 years.
The InterContinental Hotels Group, or IHG, the world’s largest hotel group by number of rooms, and Muscat Golf Course Project on Sunday signed of a 20-year management agreement for the luxury InterContinental Muscat Hills Golf Resort in Oman.
DP World London Gateway has awarded Balfour Beatty Civil Engineering a contract to build a rail terminal capable of handling the longest trains in the UK.
The US dollar stayed under pressure on Monday in the wake of disappointing first-quarter U.S economic growth, leaving the yen, sterling and even high-beta currencies like the Australian dollar at multi-week highs.