Asian stocks rose this week, with the regional benchmark index capping its 12th week of advance in 13 weeks, as positive economic reports from the U.S. boosted the outlook for the region’s exporters.
Toyota Motor Corp. (7203), Japan’s No. 1 carmaker, climbed 4.7 percent as the yen weakened against the U.S. dollar. Li & Fung Ltd., a supplier of clothes and toys to Wal-Mart Stores Inc., advanced 7.6 percent as U.S. retail sales, consumer confidence and employment reports exceeded economists’ estimates. China Railway Construction Corp. dropped 8.9 percent after a section of a high-speed track it built collapsed in central China’s Hubei province following heavy rains.
Al Bustan spends Dhs15m on renovation
Al Bustan Centre and Residence, the popular hotel apartments among tourists and businessmen, will now have a new and more vibrant look with the near completion of its major renovation.
Omnix releases new solution in Mena
Omnix International, the MENA region’s leading provider of computer aided engineering solutions, has announced the Middle East availability of Autodesk’s new AutoCAD 2015 edition, the latest release
Mideast funds bullish on Kingdom, bearish on UAE
Middle East funds are heavily bullish toward Saudi Arabian stocks after news the market will open to direct foreign investment, while they are bearish on the United Arab Emirates because of concern