Asian shares were down on Friday and on track for a weekly loss as investors, anxious over faltering global growth, fretted about the possibility that the US Federal Reserve could still raise borrowing costs this year.
Oil prices edged up on Friday boosted by stronger than expected US economic data though the longer-term outlook for energy markets remains weak due to a global oil supply glut and uncertainty over economic growth prospects in Asia.
Asian shares rose modestly on Friday on relief the Federal Reserve held off on raising interest rates but gains were capped by renewed concerns about the health of the global economy, in particular China.
Oil markets stabilised in cautious trading on Friday (June 5) ahead of an Opec decision that is likely to keep the market oversupplied and sets aside warnings of a second lurch lower in prices as some members like Iraq and Iran look to ram
Eros Group, a major distributor of world-renowned brands in consumer electronics in the Middle East, achieved record breaking sales of the Samsung Galaxy S6 and S6 edge within the first two days of its launch in the UAE.
Samsung Electronics, a leading multinational electronics company, recently introduced the new Galaxy S6 and Galaxy S6 edge to the GCC at the World Tour event held in Dubai, UAE.
Dubai is the first city globally to host the Samsung
Leading telecommunications operator Viva Bahrain, in partnership with Samsung Electronics, has launched a campaign to give its customers the opportunity to enjoy Samsung’s Galaxy S6 and S6 edge first.
Viva customers will now
Ford Motor Co is recalling 14,737 new vehicles including its biggest seller, the F-series pickup truck, due to the chance that an electrical short could cause a fire, US federal regulators said on Thursday.
Ford will inform owners of its F
Lenovo has launched its new laptop series called “ThinkPad Edge” in 13- 14- and 15-inch models specifically for small to medium sized business (SMB) customers, said a statement.
The laptops are offered in new rich and vibrant colour choice
Ford continued to show its prominence in the utility vehicle category in the region with a preview of its 2008 model-year nameplates at the ninth Middle East International Motor Show (MEIMS).
For 2008, Ford offers the region's largest uti