NMC stock should gain in the long-term

Dubai: Retail and institutional investors in NMC Health were caught off-guard on Wednesday when two key shareholders sold a chunk of their holdings. But analysts view the move as a net positive for the healthcare company and one that could even help the stock price. Two of NMC’s controlling shareholders – former director Saeed Bin […]

Facebook, eBay crack down on fake reviews after CMA warning

New York: Facebook Inc. and eBay Inc. removed dozens of groups offering fake and misleading online reviews, after the UK’s antitrust regulator stepped up its crackdown on the online platforms. The Competition and Markets Authority said Facebook shut down 188 groups with many consisting of people and businesses offering to write misleading reviews on shopping […]

China says Liu He to travel to US for trade deal signing

Beijing: China announced that Vice-Premier Liu He will travel to Washington to sign the first phase of the trade deal with the US next week, locking in Beijing’s commitment to a ceremony already announced by President Donald Trump. Liu, who has acted as Chinese President Xi Jinping’s top trade negotiator throughout the tariff conflict, will […]

Masdar signs agreement to develop solar project in Azerbaijan

Abu Dhabi: Masdar on Thursday announced that it has signed an agreement with Azerbaijan’s Ministry of Energy to develop and finance a 200-megawatt utility scale solar photovoltaic (PV) project. Under the agreement, Masdar will develop, build and operate the 200MW solar PV project, which will be located 75 kilometres southwest of the capital, Baku. Financial […]

German ‘misery continues’ as industrial orders fall unexpectedly

Berlin: German industrial orders fell unexpectedly in November on weak foreign demand and a lack of major contracts, data showed on Wednesday, suggesting that a manufacturing slump will continue to hamper overall growth in Europe’s largest economy. Germany’s export-dependent manufacturers are struggling with sluggish demand from abroad as well as business uncertainty linked to trade […]

Carlos Ghosn’s wife says she wasn’t aware of escape plan

Paris: Former Nissan chief Carlos Ghosn’s wife Carole said Tuesday she was not in the loop about his audacious escape from Japan, adding that it was the “only choice possible.” Speaking after Japanese prosecutors issued an arrest warrant for her, Carole Ghosn told France’s Le Parisien newspaper that she knew nothing about the December 29-30 […]