Emerging-market stocks declined from a one-week high after Chinese Premier Wen Jiabao warned of a “severe” jobs outlook and amid concern corporate earnings growth is slowing.
Inotera Memories Inc. (3474) paced declines by technology companies after the memory chip maker reported a loss, and Intel Corp., the world’s largest semiconductor maker, cut its sales forecast. Lonking Holdings Ltd. (3339), a wheel-loader maker, plunged 11 percent in Hong Kong as sales dropped. China Resources Land Ltd. (1109) slid as Nomura Securities Co. said the government is unlikely to lower interest rates the rest of the year. China State Construction International Holdings Ltd. (3311) lost 7.9 percent after announcing a share sale.
A Court Ruling In Favor Of Barwa
On April last year, Barwa Real Estate Group announced that a court ruling by Dubai International Arbitration Centre has been issued to obligate Barwa International Company and The Green City Compan
Doha Bank may sell bonds to raise capital
Qatar's Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, its chief executive said.
The Gul
NASDAQ Dubai welcomes EIFB as a member
Emirates Islamic Financial Brokerage (EIFB), one of the UAE's leading Shari'a compliant brokers, has become a Member of NASDAQ Dubai, the region's international exchange.
EIFB will focus
Regulations, lack of liquidity ‘hitting GCC IPOs’
Stricter regulatory scrutiny of companies with plans to list and a lack of liquidity in certain markets are the key factors responsible for the low volume of IPOs in the GCC in the last 12 months, ex