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.
Striving to highlight high-ranking women in the corpo
ADIB named ‘Islamic Bank of the Year’ by IFLR
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has received the prestigious ‘Islamic Bank of the Year 2014’ award for the 2nd consecutive year from the International Fina
Home grown companies targeting Expo 2020
With property developers aggressively preparing towards the World Expo 2020, several home-grown companies are establishing new product lines to cater towards the requirements of forthcoming projects.
UAE, Japan trade reaches Dhs146.54b
The trade exchange between the UAE and Japan grew by 6 per cent to Dhs146.54 billion ($39.93 billion) in the first nine months of this year compared with Dhs137.7 billion ($37.52 billion) in the same