Business Blog

Europe Factors to Watch-Shares set to bounce; Barclays, BNP eyed

PARIS, June 26 (Reuters) - European stocks were set to rise on Thursday, bouncing back from the previous session's sell-off and tracking gains on Wall Street, with shares of Barclays BARC.L in focus after The New York Attorney General filed a...
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Nikkei ekes out gains on Fed rate views; Rakuen soars

TOKYO, June 26 (Reuters) - Japan's Nikkei rose marginally on Thursday, crawling back from a one-week low as weak U.S. gross domestic product data supported by views that the U.S. Federal Reserve will keep interest rates low for longer. Rakuten...
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Katara Hospitality buys five hotels

Katara Hospitality, the Qatar-based global owner, developer and operator of iconic hotels, has yesterday confirmed the acquisition of five properties in key European cities from a private investor.

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Ashghal to introduce EAMS technology to boost operations

The Public Works Authority -- Ashghal -- in collaboration with IBM is introducing a new advanced technology to enhance the efficiency of operations, maintenance and management of road networks and systems.

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Danube hits sell-out on first day itself

Off-plan projects with property values seen as being accessible are finding no dearth of buyers in Dubai. The Danube Group’s first venture into real estate development, a cluster of 171 town houses in the Al Furjan community being built for Dh500 million, was sold out on the first day itself.

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Tight cash management drives huge gains for Nakheel

Now that Nakheel has clear the debt it amassed before the global financial crisis, the company said it is free to focus on the future.

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