China’s stock futures fell on concern over Europe’s debt crisis after Socialist Francois Hollande was elected president of France and after the Xinhua News Agency reported Industrial & Commercial Bank of China Ltd. suspended a discount on mortgages for first-time home buyers nationwide.
Futures on the CSI 300 Index (SHSZ300) expiring in May, the most active contract, lost 0.1 percent to 2,708.60 as of 9:19 a.m. local time. China Vanke Co. (000002) and Poly Real Estate Group Co. may lead declines for developers on speculation housing demand will weaken. China Petroleum & Chemical Corp. (600028), Asia’s biggest oil refiner, may drop after the Shanghai Securities News said fuel prices may be cut today.
du to enhance 4G service
In its efforts to enhance the user experience on its 4G LTE network, du - the Middle East’s fastest growing telecommunications service provider announced yet another milestone with the successful fie
QCB set to issue QR4bn T-Bills
The T-bills, to be issued on Tuesday, will include QR2bn worth for three month period and QR1bn each of six-month and nine-month maturity period, the Central Bank said on its website.
Saudis occupy 35 percent of hotel rooms in Dubai
Dubai is once again proving to be the choicest destination for Saudis this summer, with hotels in the city showing 35 percent occupancy by them during the Eid Al-Fitr holidays, Al-Riyadh daily report
Gateway Earth Station coming up in Oman
US-based global telecom services provider ORBCOMM says its Oman partner Mahd Telecom has been granted regulatory approval to roll out wireless machine-to-machine communications services targeted at,