News related to
growth

INDIA NEEDS MASSIVE MANUFACTURING PUSH

DOMESTIC DEMAND HAS TO SPUR GROWTH   By K.R. Sudhaman   The Make in India lion may not have roared yet but…

BlackBerry names Cisco veteran as new global head of sales

A Blackberry sign is seen in front of their offices on the day of their annual general meeting for shareholders in Waterloo, Canada June 23, 2015. Reuters/Mark Blinch/Files TORONTO BlackBerry Ltd named Carl Wiese as head of global sales on Monday, an appointment that comes at a critical juncture for the smartphone industry pioneer, which needs to spur top-line growth in order for its turnaround efforts to […]

Nintendo CEO who broadened video game appeal dies of cancer

TOKYO Nintendo Co Ltd Chief Executive Satoru Iwata died of cancer on Saturday, months after he led the Japanese video-game maker’s belated entry into mobile gaming following years of declining sales. He was 55. The death of the hands-on CEO and president, announced by Nintendo on Monday, comes at a critical time for the company which is betting that its new smartphone tie-up with online game maker […]

Mena M&A market hits three-year low in Q2

M&A values reached during Q2 is belowits median level of the last six years. Mena M&A market hits three-year low in Q2 DUBAI, 12 hours, 18 minutes ago The Mena M&A market markedly regressed during the second quarter (Q2) of 2015, well behind its prolonged three-year revived activity, with the total value reaching only $3 billion, a report said. With the total number of completed deals on […]

Iran optimism boosts markets

Iranian stocks climbed to the highest level in three months as diplomats from the Persian Gulf country and six negotiating powers moved closer to reaching a nuclear accord. The Tehran Stock Exchange’s benchmark index advanced 1.2 percent on Sunday to 67,646.4, the highest level since April 15, as officials sought to clinch a deal that would help lift sanctions crippling Iran’s economy. Bank Saderat Iran was the […]

Dubai-China Q1 trade worth AED47b

|By TAP Staff| Dubai’s bilateral trade with was valued at AED 47 billion in the first quarter of 2015, it was revealed. For the whole of last year, Dubai-China trade was worth a record AED 175 billion. The statistics were revealed at a meeting between Director of Dubai Customs Ahmed Mahboob Musabih and Consul General of the People’s Republic of China in Dubai, Li Lingbing. The two […]

Luxury car market hit hard

Prices for German luxury cars in China are tumbling as the country’s stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers. At Mercedes-Benz stores operated by a dealer group with nearly 200 multiple brand outlets, customer traffic at showrooms has dwindled markedly since mid-June, when a stock market slide that saw indexes plunge by […]

Ellen Pao resigns as Reddit CEO in fresh sign of turmoil

Ellen Pao speaks to the media after losing her high profile gender discrimination lawsuit against venture capital firm Kleiner, Perkins, Caufield and Byers in San Francisco, California March 27, 2015. Reuters/Beck Diefenbach SAN FRANCISCO Ellen Pao resigned as acting chief executive of Reddit Friday in the latest sign of turmoil at the site, recently roiled by the firing of a popular employee and ongoing tensions over the […]

Dubai real estate prices to continue softening until 2016, says Core Savills

UAE. Core Savills, the largest commercial lease transaction and one of the leading international real estate companies in the UAE, is optimistic on the outlook for the Dubai real estate market. Research released today by the firm has suggested declining apartment and villas prices in the emirate since the market peaked late last year will stabilize during 2016 and return to growth later in the year or […]

Dubai private sector output increases at slower rate, but business confidence rebounds sharply at end of Q2

UAE. Private sector businesses in Dubai signalled further strong increases in business activity and new orders in June, though the rates of expansion moderated to 27- and 53-month lows, respectively. Despite softer increases in activity and new work, Dubai private sector companies were increasingly optimistic towards the year-ahead, with the degree of positive sentiment reaching a 19-month high. Furthermore, increased confidence towards the business outlook underpinned the […]

Samsung Set To Roll Out Note Phablet Early

Electronics giant Samsung is bleeding on the smartphone side, with seven straight quarters of decline. The company hopes to correct that in the quarter ahead by beating Apple to the punch. Samsung is set to roll out its next Galaxy Note phablet device in mid-August. That breaks the company’s release cycle, which usually sees new Note devices hit the market in September. The electronics giant needed to […]

IEA sees still lower oil

Oil prices may fall further as the world remains “massively oversupplied,” before markets tighten in 2016 when output growth outside OPEC grinds to a halt, according to the International Energy Agency. There will be no overall production growth outside the Organization of Petroleum Exporting Countries next year for the first time since 2008, according to the IEA. Growth in U.S. shale oil supplies will stagnate to the […]

Good times soon over for refiners

A brief period of high profitability for the world’s oil refineries is likely to come to an end as quickly as it began, the International Energy Agency (IEA) said on Friday. Weak crude oil and relatively high prices for gasoline, diesel and petrochemical feedstock have pushed up refining profits sharply over the last six months, helping oil companies cope with much lower profits from upstream production. In […]

AWS Launches New Device Farm, API Gateway

Mobile application developers will be able to test the quality of their apps through a new service — AWS Device Farm — unveiled by Amazon Web Services. The announcement was one of several made during the AWS Cloud Summit taking place Thursday at the Javits Convention Center in New York City. Other new developments announced during the event included Amazon API Gateway, a managed service designed to […]

INDIA STEADY AMID FRESH BOUTS OF MARKET TURMOILS

MID-YEAR OUTLOOK SHOWS GLOBAL GROWTH SLOWING   By S. Sethuraman   Global financial markets turned turbulent in the first week of July…

Worldwide sukuk issuance looks set to stall in 2015 as major issuer changes course, says S&P report

UAE. The global sukuk market is heading toward a correction in 2015 after the Central Bank of Malaysia (BNM)–one of the largest issuers of sukuk worldwide–stopped issuing earlier this year, says a report published today by Standard & Poor’s Ratings Services. But as the report, titled “Global Sukuk Issuance Stalls In 2015 As Major Issuer Exits The Market,” points out, BNM’s move leaves the door open to […]

Microsoft To Shed 7,800 Jobs, Write Down $7.6B from Nokia Deal

Redmond is cleaning house. Microsoft just announced plans to restructure its phone hardware business to better focus and align resources. Part of that alignment translates to layoffs. Microsoft will cut up to 7,800 positions, primarily in the phone business. The result: an impairment charge of about $7.6 billion related to assets connected to its Nokia Devices and Services business acquisition. That’s on top of a restructuring charge […]

So, You’ll Switch To Dividend Growth Investing After You Have Your Millions, Eh?

AED2.27b worth claims filed with DIFC Courts

|By TAP Staff| Claims worth AED 2.27 billion have been filed with the DIFC’s Court of First Instance from January to June 2015. This represents a 447 percent increase compared with the same period in 2014. The big increase reflects the growing confidence placed in DIFC and Dubai as a global and regional centre of legal excellence, DIFC Courts said. The average value per claim in the […]

Goldman Sachs sees no China bubble

China’s biggest stock-market rout since 1992 has done nothing to erode the bullish outlook of Goldman Sachs Group Inc. Kinger Lau, the bank’s China strategist in Hong Kong, predicts the large-cap CSI 300 Index will rally 27 percent over the next 12 months as government support measures boost investor confidence and monetary easing spurs economic growth. Leveraged positions aren’t big enough to trigger a market collapse, Lau […]

UAE PMI falls to near-two year low to signal cooling in growth momentum

UAE. Non-oil private sector firms in the UAE reported the weakest improvement in business conditions since August 2013 during June. Marked slowdowns in growth of output and new business were at the forefront of the overall deceleration, while employment continued to rise at a solid pace. Meanwhile, inflationary pressures from both input costs and output charges were negligible. The survey, sponsored by Emirates NBD and produced by […]

Dubai hotels sector focus shifting to mid-market

Dubai and the mid- market hotel sector …stable performance. Dubai hotels sector focus shifting to mid-market DUBAI, 11 hours, 43 minutes ago Dubai is seeing a shift towards the development of mid-market hotels, underpinned by government incentives, a growing middle class in key source markets and the rise of a younger, more cash constrained guest profile, a report said. Strong demand for branded mid-market hotels has helped […]

Oil price flux unlikely to hit long-term sector growth

Oil price flux unlikely to hit long-term sector growth BEIRUT, 13 hours, 17 minutes ago The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector, a report said, noting that the current fluctuations may speed up some of the trends that were already unfolding. The new report entitled “Oil and Gas Reality Check 2015” released by Deloitte, a […]

ME property market among world’s fastest growing

ME property market among world’s fastest growing NEW DELHI, 2 days ago Middle East real estate market revenues have augmented at a compounded annual growth rate (CAGR) of 4.7 per cent between 2009 and 2014, making it one of the fastest growing sectors across the world, a report said. Foreign real estate developers have infused billions of dollars into places such as Oman, Qatar, Dubai (UAE), Saudi […]