China auto firm makes Opel bid 01/01/70 - A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.
Gold steady above $931 as dollar retreats 01/01/70 - Gold rose on Friday, steadying above $931 (Dh3,417) per ounce as the dollar lost ground versus the euro, with deeper concerns over the US economic outlook also underpinning the metal.
Fate of GM in hands of bankruptcy judge 01/01/70 - A federal bankruptcy judge will decide the immediate fate of General Motors Corp's effort to quickly sell its best assets to a group funded by the US government, after a three-day court hearing concluded on Thursday.
Debts of two big Saudi groups exceed estimates 01/01/70 - Affiliates of Saad Group and Al Gosaibi Group - two family-owned Saudi companies that are restructuring their debts - owe at least $860 million (Dh3.1 billion) more than what were previously reported.
Saudis likely to cut prices of heavy crudes to Asia 01/01/70 - Top oil exporter Saudi Arabia will cut or keep steady the official selling prices (OSPs) of most of its crudes to Asia for August as refining margins come under pressure, refiners and traders polled said on Friday.
Indian rail budget keeps fares and cargo costs low 01/01/70 - India's railway minister unveiled a mix of populist measures, including cheap tickets for the poor and no increase in freight or passenger fares, as well as steps to boost the sprawling system's efficiency and finances.
Ambani brothers again in court over gas dispute 01/01/70 - Reliance Industries, controlled by Mukesh Ambani, India's wealthiest man, is set to take a rival group run by his younger brother Anil to the Supreme Court in a gas dispute that promises to become a test case.
Indian rupee gains on growth speculation 01/01/70 - India's rupee completed its first weekly advance since May on speculation government spending will fuel growth in Asia's third-biggest economy.
Summer buying spurs sales of retail gold in Abu Dhabi 01/01/70 - Retail gold sales in Abu Dhabi jumped over 30 per cent in June due to holiday buying which is expected to stay robust into the first-half of July, traders said on Thursday.
Indian stocks advance in wake of railway budget 01/01/70 - India's stocks rose, driving the benchmark index higher for a second week, led by Larsen & Toubro Ltd, after the government pledged investment in the nation's railways and left freight and passenger fares unchanged.
Islamic finance lacks government support in some GCC countries 01/01/70 - Region's banks are relatively new to the alternative to interest-based banking and have made strides but need to expand further across the board to avoid a fragmented system.
Sony struggling as Walkman marks its 30th anniversary 01/01/70 - When the Sony Walkman went on sale 30 years ago, it was shown off by a skateboarder to illustrate how the portable cassette-tape player delivered music on-the-go - a totally innovative idea back in 1979.
How to buy and sell shares 01/01/70 - If you haven't dabbled in the UAE stock markets yet here's how to.
