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5 hours ago

Upbeat economic data helps European shares snap losing run

European shares rose on Friday after upbeat industrial output data from Italy and France raised hopes of an economic recovery, even as a spike in coronavirus cases around the world kept gains in check.

5 hours ago

Cutting spending too soon could derail recovery: IMF

5 hours ago

Prices of Construction Cost Index stable in Q1 2020: SCAD

UAE firm and Uzbekistan sign deal

A special Memorandum of Cooperation for development of hospitality sector in Uzbekistan has been signed between the State Committee for Tourism Development in Uzbekistan, the Association of Hoteliers of Uzbekistan and ATECA

5 hours ago

Japanese wholesale prices fall at a slower pace in June: BOJ

Japanese wholesale prices fell in June at a slower pace after sinking at the fastest rate in four years in May, as a rebound in Chinese demand lifted commodity costs and eased some of the deflationary pressure caused by the coronavirus pandemic.

5 hours ago

AirAsia seeks funds worth $469 million

Malaysia’s AirAsia Group is looking to raise 2 billion ringgit ($469 million), its CEO was quoted as saying by the Nikkei Asian Review on Thursday, a day after its auditor cast doubt on the airline’s ability to continue as a going concern.

5 hours ago

China’s auto sector revives on strong demand for trucks, vans

Auto sales in China rose 11.6% in June from a year earlier to 2.3 million units, driven largely by strong demand for trucks and vans as Beijing ramps up infrastructure spending to revive the economy.

6 hours ago

French industrial output bounced back more than expected in May

Production at French factories, mines and water-treatment plants jumped an unprecedented 19.6% in May, nearly erasing an equally unprecedented plunge of 20.6% the previous month, the INSEE stats agency said.

13 hours ago

Tokyo stock close lower over virus worries

The benchmark Nikkei 225 index fell 1.06 percent or 238.48 points to end at 22,290.81. It inched down 0.07 percent over the week. The broader Topix index dropped 1.42 percent or 22.04 points to 1,535.20. It lost 1.10 percent over the week.

13 hours ago

Coronavirus to cost banks $2.1tr by the end of 2021, says S&P

Global banks face combined loan losses of $2.1 trillion by the end of 2021 as a result of the coronavirus crisis, credit ratings agency S&P Global estimates, with a hit of $1.3 trillion this year more than doubling the 2019 level.

09 Jul 2020

UK retail to lose further 5,000 jobs in blow to economy

Britain’s high street faces more than 5,000 job cuts after two of its biggest names said that customers were unlikely to return to their old shopping habits after the coronavirus crisis, in the latest blow to the country’s ailing economy.

09 Jul 2020

Burj Al Arab No.1 city hotel in Mena

Burj Al Arab Jumeirah, the crown jewel in hospitality leader Jumeirah Group’s portfolio and global icon of luxury, has been named the Number One City Hotel in the Middle East and North Africa (Mena) by Travel + Leisure at its World’s Best Awards.

09 Jul 2020

Aspiring entrepreneurs told to strengthen data, market analysis

Continuing its online entrepreneurial education series, ‘Badiri Knowledge Exchange’, the Badiri Education and Development Academy, the education and capacity building arm of NAMA Women Advancement Establishment (NAMA),

09 Jul 2020

Bank of Sharjah’s UAE operation generates Dhs163m net profit in ’19

Bank of Sharjah on Thursday announced the results of the year ended 31 December 2019. The following Management Discussion and Analysis include financial results for Bank of Sharjah and its subsidiaries, together referred to as the ‘Group’.

09 Jul 2020

UK builders point to recovery as demand for new homes rises

British homebuilders Persimmon and Vistry said on Thursday interest in new homes had picked up since coronavirus restrictions on the housing market eased in mid-May, propping up order books for this year with supporting prices for buyers.

09 Jul 2020

Local

Prices of Construction Cost Index stable in Q1 2020: SCAD

Construction Cost Index (CCI), remained unchanged in the first quarter of 2020 compared with the first quarter of 2019 with the index at 98.0 per cent...

5 hours ago