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.
Qatari group unveils $823m giant mall project
Qatar-based UrbaCon Trading and Contracting (UCC) is developing a mammoth mall project, the Mall of Qatar, in Doha at a cost of over QR3 billion ($823.2 million) which will feature more than 400 stor
Dubai forum to honour MENA businesswomen at awards ceremony
Eighty five per cent of leading organisations in the UAE view gender diversity as a top priority, according to a study by Boston Consulting Group, Shattering the Glass Ceiling: An Analytical Approach
Bahrain launches project for 4,500 homes
The foundation stone for a 270-hectare project featuring up to 4,500 housing units, one of the key strategic development schemes in Bahrain, was laid yesterday (May 21), a report said.
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Arabtec workers end strike; dispute 'resolved'
Dubai contractor Arabtec said on Wednesday that it had amicably resolved a labour dispute that resulted in a four-day work stoppage without clarifying whether the workers' demand for higher wages we
QE Index Up 0.54% in the Early Trade
The QE Index added 48.41 points during the first couple of hours trading on Wednesday 22nd May 2013. The index adding 0.54 percent reached at 9,085.36.