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Business
HDFC targets 20% GCC growth
yesterday
18 May 2013 HDFC Ltd, India’s premier housing finance company, has brought 50 top developers to the 10th edition of India Homes Fair, a property fair exclusively for the Non Resident Indians (NRIs) in Dubai. These 50 top developers are from across India and are showcasing a wide... Full story
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Business
Abe aims ‘third arrow’
yesterday
18 May 2013 The latest tranche of Japan’s growth strategy will aim to triple infrastructure exports and double farm exports by 2020, as well as boost private investment, Prime Minister Shinzo Abe said on Friday. The government will set a target for domestic private-sector investment of ... Full story
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Business
Dollar above 100 yen for first time in four years
yesterday
18 May 2013 The US dollar topped 100 yen for the first time in more than four years on Thursday as Tokyo’s aggressive stimulus efforts to reflate the Japanese economy continue to depress its currency. The dollar at 2000 GMT was trading at 100.62 yen, up from 99.01 late Wednesday and ... Full story
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Business
Gold prices sink for seventh day
yesterday
18 May 2013 Gold prices fell for a seventh day in a row on Friday, drawn down by a stronger US dollar and better economic news. Gold for June delivery dropped 1.6 percent, losing $22.20 to settle at $1,364.70 an ounce. The precious metal is nearing the recent low of $1,352 it reached April 15, ... Full story
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Business
S&P warns India could face junk status
yesterday
18 May 2013 India faces at least 'a one-in-three' chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor’s has warned, in another blow to the scandal-tainted Congress government. The announcement late Friday comes after finance ministry officials have ... Full story
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Business
UAE’s Coffee champion Romeo Perello set to brew his best at World Barista Championship in Melbourne
yesterday
May 18, 2013 Romeo Perello, the reigning UAE Barista champion, will be off to Melbourne, Australia, to take part in the 2013 World Barista Championships* being held from May 23rd to 26th. Perello was crowned UAE Barista 2012 champion during the 4th National UAE Barista ... Full story
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Business
Dubai World Central announces construction of new agent warehouses at Logistics District
yesterday
May 18, 2013 Dubai World Central (DWC), the world’s first purpose-built aerotropolis, has today announced new developments at DWC’s Logistics District, including the start of construction on the fourth complex of agent warehouses. Covering a total area of almost 8,700 square... Full story
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Business
HH Sheikh Hamdan bin Rashid Al Maktoum honours HE Saeed Mohammed Al Tayer
yesterday
Dubai, UAE, 18 May 2013: HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity and Water Authority (DEWA), has honoured HE Saeed Mohammed Al Tayer, MD and CEO of DEWA, for his contributions and pivotal role in developing the... Full story
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Business
Nawras Gift Club competition launched with prizes worth total of RO 25,000
yesterday
Muscat, 18 May 2013 – Nawras is offering all customers the opportunity to win one of 90 exciting prizes with the new Nawras Gift Club promotion. Each day for three months, customers have the chance to win either a Samsung Galaxy S3 smartphone, BlackBerry Z10 smartphone, 42” Samsung ... Full story
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Business
Dubal and Mubadala to fully acquire Guinea Alumina Corporation
yesterday
Dubai: Aluminium and Mubadala said they will acquire the remaining part of Guinea Alumina Corporation they don’t already own, a move that secures long-term access to bauxite used at UAE smelters. The two parties are purchasing the interests in GAC from BHP Billiton and Global Alumina... Full story
Sunday May 19, 2013
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