U.S. stocks retreated this week, with the Standard & Poor’s 500 Index having its biggest decline since December, amid weaker-than-estimated housing data and reports showing manufacturing contracted in Europe and China.
Stocks rose on March 23 as a jump in oil prices lifted energy shares. The rally failed to help the industry avoid posting the worst performance for the week among the S&P 500’s 10 groups, falling 3 percent as Baker Hughes Inc. (BHI) slumped 11 percent. The Dow Jones Transportation Average lost 2.5 percent, the most since Nov. 25, as FedEx Corp. tumbled amid a disappointing earnings forecast. Apple Inc. (AAPL) advanced 1.8 percent after announcing its first dividend in 17 years.
OPEC production rises as members stand firm
Organization of the Petroleum Exporting (OPEC) oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a Reuters survey show
UAE Tablet PC market to reach over $1.2b by 2019
Increasing demand for Tablet PCs from education and healthcare sectors coupled with anticipated decline in average selling prices to drive Tablet PC adoption in UAE through 2019, according to a repor
Global halal food market is worth $1.1 trillion
The international Halal food market, considered one of the fastest growing segments of the worldwide food industry and currently worth $1.1 trillion globally, occupies an integral part of Gulfood 201