Saturday 25 April 2015

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MSCI INDEX AT MULTI-YEAR PEAK
Equities hit record highs, dollar slips on gloomy data

Equity markets worldwide climbed to record highs on Friday as solid corporate earnings and an all-time peak for the Nasdaq stock index stoked investor optimism, while the dollar eased on gloomy US economic data.

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1

US CRUDE UP 6th WEEK
Oil at 4-1/2 month high as Yemen fighting continues

Oil prices diverged on Friday, with Brent hitting 4-1/2-month highs on continued fighting in Yemen as US crude fell on concerns of another upcoming stock build, though both benchmarks headed toward weekly gains.

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2

LOW-KEY LAUNCH
Apple Watch goes on sale amid supply shortage

The Apple Watch goes on sale around the world on Friday, the final stage of a protracted launch of Apple Inc Chief Executive Tim Cook's first new product, capping months of publicity and a frenetic two weeks of pre-orders.

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3

SPOTLIGHT
After Yemen attack, Saudi may struggle with peacemaker role

As Saudi Arabia winds down the campaign it led against Yemen's Houthis, a militia allied to its regional rival Iran, Riyadh faces a test of its diplomatic skills in trying to arrange talks among Yemen's fractious elites.

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4

SPECIAL REPORT
Ocean output seen at $2.5trn a year, but sinking fast

Economic output by the world's oceans is worth $2.5 trillion a year, rivalling nations such as Britain or Brazil, but marine wealth is sinking fast because of over-fishing, pollution and climate change, a study said on Thursday.

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5

NEWS IN PICTURES
Floating catwalk

The long-awaited fashion shot featuring global sensation Jessica Minh Anh in Tony Ward’s red dress on the iconic Brooklyn Bridge has now been revealed. The bridge provided the backdrop for Jessica’s floating catwalk.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Saudi to remain dominant in GCC construction market

Saudi Arabia is likely to remain the dominant construction market in the GCC, with an estimated $200 billion spend in construction planned over the next two years and much more in the pipeline, according to a report.

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Retail & Wholesale

Apple Watch goes on sale amid supply shortage

The Apple Watch goes on sale around the world on Friday, the final stage of a protracted launch of Apple Inc Chief Executive Tim Cook's first new product, capping months of publicity and a frenetic two weeks of pre-orders.

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Energy, Oil & Gas

Oil prices edge back from 2015-highs on Yemen concerns

Oil prices have edged back from 2015-highs reached the session before, but remain on course for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments.

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Finance & Capital Market

UAE Exchange in deal with Bank of Baroda for FLASHremit

UAE Exchange, a leading global remittance, foreign exchange and payment solutions brand, has joined hands with Bank of Baroda, an Indian public sector bank, to offer FLASHremit, an instant bank transfer facility.

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Analysis, Interviews, Opinions

The new dress code: wearable technologies

The business world is now exploring how it can take advantage of the new possibilities provided by wearable technology, ranging from smartglasses and smartwatches to augmented reality and fitness trackers.

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Travel, Tourism & Hospitality

Airbus plans big sales drive for A380

Europe's Airbus pledged on Friday to boost sales of its A380 superjumbo, as the world's largest passenger jet prepares to celebrate a bitter-sweet 10-year anniversary in the skies having booked no new airline orders since 2013.

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Lifestyle

Sotheby’s Doha art sale nets $7.5m

A recent Sotheby’s sale of contemporary art in Doha, Qatar achieved a strong total of $7.51 million, solidly between pre-sale expectations of $6.17-8.86 million.

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Motoring

Renault global sales surge 13.7pc in Q1

Renault’s sales jumped 13.7 per cent to 9.39 billion euros ($10.14 billion) in January-March, with a recovery in Europe's long-suffering autos market more than making up for a collapse in Russian demand and weak emerging economies.

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Health & Environment
Media & Promotion

300 social media experts convene at Dubai summit

More than 300 senior delegates, social media marketers, communicators, managers, directors and executives gathered at the second edition of the Social Media Summit in Dubai.

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