Business Blog

UK Stocks-Factors to watch on May 6

LONDON, May 6 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 5 to 7 points higher, or as much as 0.12 percent, on Tuesday, according to financial bookmakers. For more on the factors affecting European stocks, please click on...
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DAMAC launches sharia-compliant hotel apartments

DAMAC Hotels, the hospitality arm of DAMAC Properties, has officially launched the first fully certified Sharia-Compliant serviced hotel apartments in Dubai during the Arabian Travel Market (ATM) Exhibition.

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European Factors to Watch-Shares set to track Wall Street gains

PARIS, May 6 (Reuters) - European stocks were seen inching higher on Tuesday, reversing the previous session's dip and tracking gains on Wall Street following robust U.S. macro data. Financial spreadbetters expected Britain's FTSE 100 .FTSE...
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Tesco to launch own-brand smartphone

Supermarket giant Tesco plans to launch an own-brand smartphone by the end of the year, chief executive Philip Clarke tells the BBC.

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Marriott looks to be present at Dubai World Central

US-based hotel chain Marriott International is looking to be present at Dubai World Central (DWC), the company’s top executive told Gulf News in an interview.

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Pakistan readies risk management guidelines for modarabas

Pakistan regulators will introduce risk management guidelines for modarabas later this year, part of efforts to jump-start the equity-like financing format that remains a tiny part of the country's Islamic finance sector.

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