European stocks dropped for a fourth week, the longest streak of losses since August, as concern resurfaced about the region’s debt crisis and economic reports in China and the U.S. missed estimates.
Societe Generale SA (GLE) and UniCredit SpA sank more than 8 percent as banks led losses on the Stoxx Europe 600 Index this past week. Banco Espirito Santo (BES) SA tumbled 13 percent as it announced a share sale. Nokia Oyj (NOK1V) slumped 21 percent after reporting an operating loss for its mobile-phone division and forecasting that earnings won’t recover this quarter.
The Stoxx 600 lost 2.2 percent to 253.4 as China’s economy slowed more than forecast and a U.S. report showed employers added fewer jobs in March than estimated. The gauge has still climbed 3.6 percent this year as the European Central Bank disbursed more than 1 trillion euros ($1.3 trillion) to the region’s lenders through its longer-term refinancing operation, or LTRO.
Al Batinah Hotels-AGM Decision
The AGM of Al Batnah Hotels SAOG held o 9th March 2014 at 4:00 pm at Sohar Beach Hotel, Sohar.The shareholders had approved the following decisions:
1- the Board of Directors Report for the
GCC banking remains resilient
The majority of banks in the GCC region are domestically-owned, and consequently, there are high barriers to entry and restrictions on foreign banks. These barriers also limit the ability for cross-b
Gulf Finance House to start $3bn Tunisia project
Bahrain's Gulf Finance House (GFH) will start building a $3 billion financial park and real estate development north of Tunisia's capital, a project that had been suspended for five years, the Islami