Amsterdam-listed OCI NV , the Egyptian construction, chemicals and fertiliser company, has announced a fall in orders at its building business ahead of plans to list it as a separate company.
The company also said it had taken pro
Brent crude oil fell by more than a dollar to around $85 a barrel on Friday as a firmer dollar and a well supplied oil market pushed the benchmark towards its steepest monthly decline since 2012.
The dollar rose to its highest lev
World oil prices are on the brink of sliding another $10 or more, according to chart analysts who say the over 20 per cent drop since June has wiped out key support levels and left behind a "technical graveyard".
Brent nudged higher to hover just under $109 a barrel on Friday, but was set to post a second straight weekly fall on easing Ukraine tensions and ample supply.
Optimism that monetary stimulus in the euro zone w
The UAE’s personal computer (PC) market has suffered a 13.76 per cent fall in sales as vendors were focusing more on tablets and smartphones in the first quarter of this year, said a report.
The laptop an
Brent crude oil futures fell for a second straight session on Wednesday, dropping below $109 a barrel on easing fears that Russia's incursion into Ukraine could lead to war.
Brent is now almost $4 below a two-month high hit at
Shares in InterContinental Hotels Group fell on Tuesday as a failure to announce a return of cash to shareholders and higher-than-expected costs for 2014 eclipsed a 10 per cent rise in 2013 profit.
The firm, which declined to comm
Brent crude edged lower toward $107 a barrel on Monday after six nations struck a fresh six-month deal with Iran to curb its nuclear programme and US President Barack Obama urged Congress not to impose additional sanctions on the country.
The delivery of F-16 fighters to Iraq is on track for next fall, a senior US administration official said on Wednesday, with Iraq recently depositing an installment of roughly $650 million for the jets.
The official said the issue
National Bank of Abu Dhabi said on Tuesday that its third-quarter net profit dropped 8 per cent from a year earlier to 1.04 billion dirhams ($283 million), missing analysts' forecasts.
Revenues in the three months to September