Weak China data leads shares, euro lower

markets

Weak China data leads shares, euro lower

LONDON - Poor Chinese trade data clipped a hot streak for European shares and the euro on Friday, trimming gains built since the European Central Bank signalled it was readying plans to combat the region’s debt woes and limp growth.

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European share rally loses momentum

LONDON - European shares fell on Friday after a five-day winning streak, as weak Chinese economic data and declines in bellwether Swiss food group Nestle pushed markets down from four-month peaks.

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World stocks fall as China trade growth slides

markets

World stocks fall as China trade growth slides

World stock markets tumbled as investors withdrew from riskier assets after China’s trade suffered a steeper-than-expected slowdown. The figures underscored concerns that the world’s No. 2 economy is succumbing to an economic downturn despite government efforts to stimulate growth.

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Aldar’s Q2 profit rockets 228%

Abu Dhabi’s biggest real estate developer, Aldar Properties, made a net profit of Dh417.9 million in the second quarter of the year — a 228 per cent growth — on strong revenues due to the handover of its properties.

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UAE, Turkey to share expertise in trade, tourism and energy

As part of the visits made by the diplomatic missions and consulates in Dubai to the Dubai Supreme Council of Energy, Saeed Mohammed Al Tayer, vice-chairman of to the Dubai Supreme Council of Energy, received Elif Comoglu Ulgen, Turkish Consul General, who was heading a delegation from the Consulate.

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Tabreed appoints new CEO

National Central Cooling Company (Tabreed), the Abu Dhabi-based district cooling utility company, on Wednesday announced the appointment of Jasim Thabet as its new chief executive officer.

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