European stock futures fell as investors awaited a U.S report that may show the cost of living in America rose at a slower pace in March and as China’s growth eased more than forecast last quarter. Asian stocks climbed while U.S. index futures retreated.
L’Oreal SA, the world’s largest cosmetics maker, may move after first-quarter sales topped analyst estimates. Bayer AG (BAYN), Germany’s largest drugmaker, might be active as it was said to pay at least $110 million to settle about 500 lawsuits over claims that a line of birth-control pills caused blood clots. EON AG may move after Frankfurter Allgemeine Zeitung reported it will probably see interested parties reducing their offers for its energy-from-waste unit in the next round.
Diversification to drive UAE economic growth
The diversification policy of the UAE constitutes an important pillar of the economic performance as it reduces the dependence on oil and supports the real sector, said an industry expert, projecting
GFC expands presence in Abu Dhabi
Gulf Finance Corporation has enhanced its offering to SMEs in the UAE by establishing a presence in Abu Dhabi’s industrial area, Mussaffah.
Middle East records world’s fastest spas growth
Emerging markets in the Middle East and Africa have been growing the fastest in the world in terms of adding spas as the global wellness industry reached an estimated $3.4 trillion in 2013, according