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.
Asian markets mostly fell as weak Chinese trade data reinforced concerns of a slowdown in the world’s number two economy, while profit-taking after a week-long rally added to selling pressure.
The world’s most popular sports team is getting ready to list its stock on the world’s largest exchange.
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.
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.
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.
The UAE’s biggest construction group Arabtec Holding on Wednesday declared more than 30 per cent increase in its net profit for the first six months of 2012, compared to same period last year.
Move over, Mumbai, Bangalore. Pune city, once called the cultural capital of India and the Oxford of the East, is where the action is happening in all things expensive, tasteful and aspirational. Why else do you think American real estate mogul Donald Trump would zero in on this city of some 55 lakh population, to give wings to his branded real estate dreams in India?
India’s industrial output shrank by a shock 1.8 percent in June, data showed Thursday, highlighting the challenge for new finance minister P. Chidambaram to reverse the nation’s sharp growth slowdown.
Backed by high oil prices, strong government financial balances and a continued wave of public spending on infrastructure projects and social programmes, GCC countries are set to witness further solid economic growth in the next two years, a regional bank said.
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