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Petrochemicals boost Saudi, markets sluggish - Vodafone Qatar leaps in very active trade
DUBAI: Saudi Arabia's main share market index rose yesterday as investors continued to buy beaten-down petrochemical shares on hopes that oil prices may have bottomed out, while most other regional bourses were sluggish.Brent oil's strong recovery above $50 a barrel last week made investors more comfortable with petrochemical stocks. Sector leader Saudi Basic Industries (SABIC) climbed 3.2 percent to 89.25 riyals on Sunday, while four other...
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Gold glitters for India's leaders but jewellery guarded tight
NEW DELHI: Caressing delicate bangles she hasn't taken off since her wedding 11 years ago, Geetanjali Agarwal says she won't hand over her gold to the government, as it wages a campaign to make the nation's hoard of the precious metal more productive."For a woman to part with her jewellery, that is very difficult," said the 38-year-old New Delhi housewife, who also buys gold coins at the Indian festival of Diwali as an investment. "My daughter is...
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Markaz's presentation on calculating Cost of Capital at KBA
KUWAIT: M.R. Raghu, Head of Research, Kuwait Financial Centre "Markaz" recently presented his viewpoints on calculating the 'Cost of Capital' whichis of prime importance in corporate finance decision making. The presentation was held at Kuwait Banking Association yesterday with the participation of major banks in Kuwait.The presentation pointed out that in the GCC, unlisted companies outnumber listed companies by miles and hence most of the deals...
Shoppers at a mall in New Delhi
India rate cut tempts shoppers to buy cars, major appliances
Shoppers at a mall in New DelhiMUMBAI: The way car salesman Ashish Bhavsar tells it, in India, men come first on their own to eye up a potential purchase. Then they bring their wives. Then - if it's serious - the whole family.On this weekday, almost two weeks after the central bank cut interest rates, a young boy and his elderly grandmother inspect a sports utility vehicle at a busy Hyundai Motor dealership in downtown Mumbai, while his parents...
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Gitex Week to spur growth of region's digital ecosystem - Over 3,600 companies from 62 countries to take part
DUBAI: More than 3,600 companies from over 62 countries are taking part in the 35th edition of the Gitex Technology Week, which is taking place from October 18-22 at the Dubai World Trade Centre.This year's theme is "The Internet Future of Everything", revolves around the pillars of innovation, connected cloud, big data, mobility and security.Out of the 3,600 companies, 30 per cent are from the UAE and around eight per cent from Gulf...
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Tai chi can help build strength, relieve pain
LONDON: For people with chronic illnesses ranging from cancer to arthritis, Tai chi exercises may improve walking, build strength and reduce pain, according to a new analysis of past research. The slow and gentle movements of Tai chi, a modified form of an ancient Chinese martial art, may be especially suitable for middle aged and older people with multiple health conditions, the authors write in the British Journal of Sports Medicine."Given the...
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Street artists give Kiev colorful makeover
In a mural splashed across a four-story building in central Kiev, a small boy nonchalantly throws paper planes. The peaceful image is just one example of the colorful street art springing up across the Ukrainian capital, reflecting a new mood of optimism in a city once criss-crossed by barricades. The artist, 28-year-old Oleksandr Korban, is a former miner who fled the armed conflict in the separatist Donbass region of eastern Ukraine. His mural...
Jennifer Lawrence
Hollywood women say 'no more' to pay disparity, harassment
Jennifer LawrenceHollywood actresses bemoan pay disparity with their male counterparts, as well as the despised "casting couch"-where film executives sometimes make sexual advances before deciding who gets a coveted movie role. But some of Hollywood's top female stars are saying "no more," and are hailing this as a banner year for women in film. Ashley Judd was the latest to join the chorus, telling Variety magazine "one of the industry's most...
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‘He named me Malala’: Portrait of girls’ education icon
Malala was the name on everyone's lips this week at the London Film Festival where a documentary about the youngest-ever Nobel Peace laureate had its European premiere. "He named me Malala" is an intimate portrait of Malala Yousafzai, the passionate Pakistani advocate of girls' education who survived a brutal Taliban gun attack in 2012. Even the festival's biggest stars seemed humbled by the teenager and her aspirations. American actress Meryl...
Albania’s Armando Sadiku (left) vies for the ball with Armenia’s Karlen Mkrtchyan (right) during the Euro 2016 Group I qualifying football match. — AFP
Albania, Romania clinch Euro berths
Albania’s Armando Sadiku (left) vies for the ball with Armenia’s Karlen Mkrtchyan (right) during the Euro 2016 Group I qualifying football match. — AFPPARIS: Albania qualified for their first major international tournament yesterday as they beat Armenia 3-0 to book their place at Euro 2016 alongside Romania, who won 3-0 in the Faroe Islands. Defeat at home to Serbia on Thursday had left Albania needing three points in Yerevan to edge ahead...
Belgium’s Radja Nainggolan (second left) kicks the ball to score against Andorra during the Euro 2016 Group B qualifying match. —AP
Belgium thrash Andorra 4-1
Belgium’s Radja Nainggolan (second left) kicks the ball to score against Andorra during the Euro 2016 Group B qualifying match. —APBELGIUM: Belgium secured a ticket to Euro 2016 by thrashing Andorra 4-1 with two goals in each half, including one from Laurent Depoitre on his debut, to move top of qualifying Group B on Saturday. The Belgians can guarantee finishing first with a home win over Israel on Tuesday, with previous leaders Wales...
Bulgaria’s Ivelin Popov (left) fights for the ball with Croatia’s Luka Modric during the Group H Euro 2016 qualifying soccer match. —AP
Croatia outclass Bulgaria
Bulgaria’s Ivelin Popov (left) fights for the ball with Croatia’s Luka Modric during the Group H Euro 2016 qualifying soccer match. —APZAGREB: Croatia thrashed hapless Bulgaria 3-0 in a Euro 2016 qualifier played behind closed doors at the Maksimir stadium on Saturday to remain in the hunt for an automatic Group H qualifying spot. Fans were not allowed into the ground in Zagreb to witness Ante Cacic’s debut as coach following a racist...