Dubai: The Dubai Financial Market (DFM) index fell back into the negative territory yesterday surrendering all the gains it made on Tuesday due to a lack of local catalysts and on concerns the budget talks to avoid the US fiscal cliff have made little progress.
However, the volume of trade picked up pace compared to Tuesday, but the market came
Dubai: The GCC petrochemical industry is facing serious challenges due to shortage in gas supplies amid growing demand which will widen the demand-supply gap in the coming years, officials said at a conference yesterday.
In the Middle East, UAE and Iran have higher consumption than production, while Saudi Arabia meets its own demand with production
Washington: For the past four years, Elisse Walter stood out at the US Securities and Exchange Commission for her deep loyalty to SEC Chairman Mary Schapiro.
Now the veteran regulator and SEC commissioner — one of two Democrats on the SEC — is moving to the fore at the powerful agency, taking over the chairmanship after Schapiro steps down next mon
Sharjah: Exhibitors at Sharjah International Automobile Show on Wednesday rolled out their new bold and sleek designs for 2013. Some are taking the opportunity to launch vehicles exclusively in the region.
The Automobile Show, which is in its 11th edition, was officially opened on Wednesday by Shaikh Sultan Bin Mohammad Bin Sultan Al
Kabul: The chief investigator probing Afghanistan’s biggest financial scandal says he will stop at nothing to put the perpetrators in a multi-million dollar bank fraud behind bars.
As a result, Judge Shamsul Rahman Shams worries for his own safety.
Even for a country ranked as one of the world’s most corrupt, the theft of about $935 million (Dh3.43
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