Friday 18 April 2014
 
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Ultra wealthy to spend more on luxury goods

The spending of ultra-high-net-worth individuals (UHNWIs) on luxury goods is set to increase globally this year, said a survey. The Wealth Report’s Attitudes Survey found that over a third of the wealth advisors expected the

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51pc Dubai car buyers 'dissatisfied' with price

About 51 per cent of car buyers in Dubai deem that the price they pay for their vehicles is ‘unreasonable,’ said a report. A car consumer poll by the Department of Economic Development in 2013 included feedback from 89

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Gold firms after 2-day loss, weak data hurts stocks

Gold edged higher on Thursday, snapping two sessions of losses that pulled it back from 3-1/2 month highs, as a retreat in stock markets after weak French and Chinese data boosted its appeal as an alternative asset. The metal has

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IHG shares fall on lack of cash payout, higher costs

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

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Saudi expat remittances up 18pc

Foreign remittance by expats in Saudi Arabia reached SR148 billion ($14.7 billion) last year, up 18 per cent compared to 2012, said a report. Personal foreign remittances of Saudis and expats reached SR226.6 billion in 2013, up 16

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Gold near 4-week highs on US stimulus hopes

Gold traded near its highest in four weeks on Wednesday after tepid US jobs data bolstered hopes that the Federal Reserve will maintain stimulus policies supportive of bullion prices. US nonfarm payrolls in September increased by

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Egypt bourse hits 33-month high

Cairo's bourse rose to a 33-month high as upbeat regional investor sentiment and a positive global backdrop supported buying after a long holiday. The index climbed 1.1 per cent to 6,054 points, its highest level since January

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Gulf employee healthcare costs 'higher'

The cost of providing employee health benefits for companies in the Gulf is higher than for those located in the rest of the EMEA (Europe, Middle East and Africa) region, according to a recent report. The Mercer Marsh Benefits rep

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India August inflation likely at 6-month high

Indian inflation likely edged up to a sixth-month high in August, driven by higher food prices and as the battered rupee made key imports such as fuel costlier, a Reuters poll found. Wholesale prices, India's key inflation mea

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Gold climbs but stays below $1,400

Gold edged higher on Thursday as investors looked for bargains after a sharp drop in the previous session, but it stayed below the key level of $1,400 an ounce as upbeat US data dented its appeal as an alternative investment. Robu

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