European shares inched higher in morning trade on Friday, helped by encouraging company earnings and a march higher for construction and material stocks led by a rise in 2012 sales targets for French firm Vinci .
Sandvik jumped 10 percent, with volumes hitting 143 percent of its 90-day daily average, after the Swedish machinery and tool maker posted record orders and a surprise rise in quarterly earnings, on the back of strong demand in its industrial tools and mining business.
The FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,045.09 points at 0850 GMT after falling to a low of 1,034.54 earlier in the session following a two-notch cut in Spain's credit rating overnight.
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,