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HuaweiDubai’s benchmark stock index declined the most in almost two weeks. Arabtec fell to the lowest level since March 8 to Dh2.63 indicating a drop of four per cent. Emaar Properties decreased 1.1 per cent to Dh3.54.
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Coface Emirates Services, a subsidiary of French credit insurance group Coface, multiplied its activities during the first part of 2012 and eyes more local SMEs to support its development through a debt protection insurance.
One must give it to the Prime Minister Manmohan Singh. He has timed his moves perfectly well, both in calling the bluff of Mamata Banerjee’s TMC and in making a direct appeal to the people of the country to strengthen his hands “so that we can take our country forward and build a better and more prosperous future for ourselves and for the generations to come.”
Is south asia waking up to grab its real business potential? Businessmen, investors, and government leaders now think so, and have decided to lower trade and investment barriers. They are now pro-active, and going beyond the rhetoric.
Auto giant Toyota on Monday unveiled plans to unveil 21 new hybrid models and launch its latest all-electric vehicle this year in a bid to ramp up sales of environmentally friendly cars.
Gold pulled back from a near seven-month high on Monday, but a recent spate of stimulus measures from central banks that has buoyed bullion is expected to continue supporting prices.
World stocks mostly drifted lower on Monday as investors’ growing concerns about the shaky global economy overpowered any remaining optimism over central bank stimulus efforts. Crude oil tumbled while the dollar rose against the euro but fell against the Japanese yen.
DUBAI — Shares in Saudi Arabia, the only Gulf Arab stock market open on Saturdays, fell to the lowest level in more than a month as investors awaited quarterly results and after oil had its biggest weekly decline in three months.
WASHINGTON — The US Senate passed a measure that would effectively shield US airlines from a European Union programme designed to curtail aviation emissions.
TRIVANDRUM — The Congress-led United Democratic Front government has sought to revive the stagnant manufacturing sector in Kerala by mooting a National Investment and Manufacturing Zone, or NIMZ, along the National Highway from Cochin to Palghat.
