Sunday , December 4 2016

Recent News

DP World, Canada’s Caisse to create $3.8bn port venture

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  Bloomberg Dubai-based DP World Ltd. is teaming up with Caisse de Depot et Placement du Quebec, Canada’s second-largest pension fund manager, to create a C$5 billion ($3.8 billion) venture that will invest in ports around the world, including regions such as Asia and Latin America. DP World, which operates ...

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UAE, Japan discuss ways to bolster ties

  ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, and Kentaro Sonoura, Japanese State Minister for Foreign Affairs, met on Saturday in Abu Dhabi to discuss ways of bolstering strategic relations between the UAE and Japan in all spheres, ...

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UAE economy scales up growth ladder

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  Abu Dhabi / Emirates Business The UAE witnessed significant economic progress in 2016, with many of its vital sectors accelerating at a substantial rate. The country also made major strides in achieving important socio-economic developments in line with the directives of HH Sheikh Khalifa bin Zayed Al Nahyan, UAE ...

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Dow reaches record as rising oil pulls stocks mostly higher

epa05104038 A view of a screen showing the Dow Jones industrial average on the floor of the New York Stock Exchange (NYSE) at the end of the trading day in New York, New York, USA, 15 January 2016. The Dow Jones industrial average lost 390 points in response to dropping oil prices, among other factors.  EPA/JUSTIN LANE

  NEW YORK / AP More gains in Goldman Sachs and Chevron helped pull the Dow Jones industrial average to another record high even as other indexes were flat to lower in early trading on Thursday. Ford and General Motors are rising after they announced strong sales in November. Technology ...

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Markets win boost on hopes of OPEC oil cut

epa05623881 A journalist films a display panel with his cellphone on the floor of of the stock exchange while a television interview is conducted in Frankfurt am Main, Germany, 09 November 2016. US businessman Republican Donald Trump has won the US presidential election. Americans voted on Election Day to choose the 45th President of the United States of America to serve from 2017 through 2020.  EPA/FRANK RUMPENHORST

  AFP Oil prices rallied more than six percent on Wednesday, pushing European and US stocks higher as traders seized on hopes that OPEC could later decide to cut crude output. Saudi Arabia’s influential oil minister Khaled al-Falih sounded an upbeat note that the Organization of the Petroleum Exporting Countries ...

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Major indexes set records as energy companies surge

  NEW YORK / AP The Dow Jones industrial average and the Standard & Poor’s 500 index reached record highs on Wednesday morning as a rally in energy companies led US stocks higher. Energy companies gained as countries in OPEC, which collectively produce more than one-third of the world’s oil, ...

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European stocks diverge as oil slides before OPEC meet

  London / AFP European stock markets mostly rebounded on Tuesday but London extended losses as mining shares lost their shine, while oil prices slumped almost a dollar on the eve of a crucial OPEC meeting. Asian traders had earlier moved cautiously, with the recent Trump-fuelled rally in stocks subdued ...

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Tokyo stocks end lower as ‘Trump rally’ fizzles

  Tokyo / AFP Tokyo stocks ended lower on Tuesday as markets took a breather following a string of recent gains that propelled the benchmark index to its highest level in 11 months. Japanese shares advanced last week as the yen tumbled against the dollar on expectations that US interest ...

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