ArabToday

German DAX stock market index hits new all-time high

Frankfurt am Main - AFP

Germany's blue-chip share index, the DAX, hit an all-time high Monday, as stock markets across Europe reacted with relief to pro-business French presidential candidate Emmanuel Macron's first-round success. The index of 30 leading stocks flirted with levels just below 12,400 points. It briefly touched 12,399.91, only slightly higher than the previous record of 12,391 reached in April 2015. By 0915Read more

S.Africa winemakers on quest for quality and prestige

Stellenbosch - Arab Today

Looking out at his 50-hectare (124-acre) estate in a valley nestled below the Helderberg mountains, winemaker Ken Forrester beams with pride in his achievements over 20 years in the business. "We never had a bad year, it's been a consistent grow," said Forrester, who is based in Stellenbosch -- the wine region just north of Cape Town. But like manyRead more

'Furious' leaves competition in the dust at N.America box office

New York - AFP

"The Fate of the Furious" ran at full throttle for a second weekend, raking in $38.7 million to head North American box-office profits with a total of $163.6, industry analysts estimated on Sunday. Although the eighth installment in Universal Studio's "Fast and Furious" series -- starring megastars Vin Diesel and Dwayne "The Rock" Johnson -- shattered records during its openingRead more

Samsung to update software over 'red screen' smartphone

Seaul - Arab Today

Electronics giant Samsung will this week offer an unusually early software update for its newly-released Galaxy S8 phone, it said Monday after some consumers complained of red-tinted screens. The launch of the device is a key step for the South Korean tech firm as it seeks to move on from last year's humiliating withdrawal of the Galaxy Note 7 overRead more

Trump believes in 'reciprocal' free trade

Washington - Arab Today

The United States, which is considering new protectionist policies, believes in "free and fair" trade, US Treasury Secretary Steven Mnuchin said Saturday. "President Trump's agenda is to make sure that we have free and fair trade and I think, as you know, the United States is probably the most open trading market there is for both goods, services and investment,"Read more

How bad corporate debts are holding back India's growth

New Delhi - AFP

The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon's unpaid debts are just the tip of an iceberg that is already holding back the country's economic growth. The multimillionaire owner of a Formula One team and founder of the Kingfisher beer brand was arrested on Tuesday in Britain, where heRead more

IMF warns against protectionism, but strikes word from statement

Beijing - AFP

IMF warns against protectionism, but strikes word from statement Like many other officials at the meeting, he warned in his statement that "rising anti-globalization and protectionism sentiment against international trade and investment pose challenges to global growth." Meirelles also called for action to help all members of society feel "included in the economic progress," partly because it is "crucial toRead more

HRH Premier congratulated by deputy Interior minister

Manama - Arab Today

His Royal Highness Prince Khalifa bin Salman Al Khalifa the Prime Minister received a cable of congratulations from Deputy Interior Minister Lt-General Adel bin Khalifa Al Fadhel, on being conferred the Arab League's Development Work Shield. The Arab Development Work Shield was conferred by the Arab League on the Prime Minister as the first Arab leader in recognition of HisRead more

Gem, pearl business seminar concludes

Manama - BNA

Bahrain Chamber of Commerce and Industry (BCCI) has concluded a seminar on pearling and gemstones delivered by international gemologist Vincent Pardieu. The seminar was organized by the pearl, gold and jewellery sector committee of the Chamber headed by board member Deema Al Haddad in cooperation with the Gem and Pearl Testing Laboratory of the Ministry of Industry, Commerce and Tourism.Read more

Oman hosts GCC red crescent societies seminar

Muscat - BNA

The fifth workshop for the Gulf Cooperation Council (GCC) red crescent societies in collaboration with the GCC General Secretariat, has begun in Oman's capital Muscat. Dr. Yahya bin Badr Al-Ma'awali, Undersecretary of the Ministry of Social Development, member of the OCO Board of Directors, the chief guest pointed out in a press statement that the workshop provides an opportunity forRead more