Business Blog

Europe shares inch lower on soft Chinese data, Ukraine crisis

PARIS, May 5 (Reuters) - European shares inched lower in early trade on Monday, as soft Chinese manufacturing data and tensions in Ukraine weighed on sentiment. Volumes were expected to be thin as the UK market was closed for a public holiday. At 0705...
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Dubai hotel room supply up 8.2% in 2014

Dubai’s hotel room supply is forecast to grow at an annual compound growth rate (CAGR) of 7.9 per cent between 2014 and 2017, according to a report by real-estate consultancy JLL, which was released on Sunday

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Europe Factors to Watch-Shares set to inch up in thin volumes

PARIS, May 5 (Reuters) - European stocks were seen inching higher on Monday in thin volumes as UK markets were closed for a holiday, with gains set to be capped following soft Chinese manufacturing data. Financial spreadbetters expected Germany&aposs DAX .GDAXI to open around 6 points higher, or up 0.13 percent, and France&aposs CAC 40 .FCHI to open 7 points higher, or up or 0.07
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Phone merchants slam decision to freeze IMEI registration

A gathering of importers and traders of mobile phones slammed Saturday a decision by the Telecommunications Ministry to cancel starting May 5 a requirement to register the IMEI codes of devices to allow them to access the Lebanese network.

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DIARY-Islamic Finance to December 31

Items marked ** denote new or amended listings TUESDAY, MAY 6 (until May 7) SAUDI ARABIA - The Saudi Arabia Conference 2014 Details: http://www.euromoneyconferences.com/saudi.html WEDNESAY, MAY 7 (until May 8) UK - Sukuk Day Seminar Details: http://sukukday.com/ MONDAY, MAY 19 (until May 22) MAURITIUS - 11th Islamic Financial Services Board Summit Details: http://www.ifsb.org/eve

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Internet of Everything can raise SAR59.1bn for public sector

The Internet of Everything (IoE) or the "network connections of people, process, data and things" can generate SAR59.1 billion (USD14.3 billion) for Saudi Arabia's public sector over the next decade, according to a survey.

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