Tuesday 9 February 2016
 
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Oil rises 6pc but set for biggest January fall in 25 years

Oil rose by more than six per cent on Friday, as a cold snap boosted demand for heating oil across the United States and Europe, but was still mired near its lowest since 2003 and set for its largest drop in January in at least 25 years.

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M&A bankers toast a bumper year discreetly

Bankers are celebrating the biggest year on record for mergers and acquisitions with magnums of champagne and slap-up dinners: just don't expect to read about it on Facebook.   Conscious of the poor optics of

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Gold set for biggest weekly rise as stocks, dollar slide

Gold steadied on Friday after a rally to six-week highs ran out of steam, but it remained on track for the biggest weekly rise since mid-January as more bad economic data from China battered financial markets.  

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Gold sags to 5-1/2-year low, heads for worst week since Oct

Gold slid more than one per cent to its lowest since 2010 on Friday (July 24), on course for its biggest weekly loss in nine months, as strong US jobs data helped deepen this week's rout and fuelled fears the metal has some way to fall yet.

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Saudi Arabia to remain dominant in GCC construction market

Saudi Arabia is likely to remain the dominant construction market in the GCC for the foreseeable future, 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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Gold stays on track for biggest weekly gain since Jan

Gold held near two-week highs on Friday, on track for its biggest weekly jump since January, after the US Federal Reserve sounded a cautious note on interest rates, arresting a dollar rally. The US currency headed for its worst we

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Gold down on strong shares, set for biggest monthly loss

Gold edged down on Friday and was heading for its biggest monthly loss since September as European shares traded near seven-year highs and upbeat US data supported expectations of a rate hike by the Federal Reserve this year. Gold

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Vince Camuto opens ‘world's biggest store’ in Abu Dhabi

Vince Camuto, a New York-based footwear brand and lifestyle powerhouse, has recently launched the ‘World’s Biggest Vince Camuto’ store in Abu Dhabi’s Yas Mall. The brand is designed for the style-savvy and

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Gold on course for biggest weekly fall since Nov

Gold was on course for its biggest weekly fall in two months despite edging higher on Friday, a day after a two per cent slide on expectations for a US interest rate rise. Investors took some profits on Thursday on concern that st

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Old Sitra bridge to become biggest corniche

Work on the first phase of turning the old Sitra Bridge into Bahrain's biggest corniche has been completed. It cost the Works Ministry BD3.362 million ($8.8 million) and was carried out by Al Hassanian Company, which disassemb

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