U.S. stocks drops sharply

New York, Rabi’II 18, 1437, January 28, 2016, SPA — U.S. stocks dropped sharply on Wednesday after the U.S. Federal Reserve frustrated stock investors hoping for a strong sign it might scale back future interest rate hikes because of recent financial and economic turmoil.

In a widely expected decision, the Fed kept interest rates unchanged and it said it was “closely monitoring” global economic and financial developments, but it maintained an otherwise upbeat view of the U.S. economy.

The Dow Jones industrial average ended down 222.77 points or 1.38 percent at 15,944.32 points. The S&P 500 index lost 20.68 or 1.09 percent to 1,882.95 points. The Nasdaq Composite index dropped 2.18 percent to 4,468.17 points.
–SPA
02:35 LOCAL TIME 23:35 GMT
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شركة فينيكس موتوركارز تعلن عن أمر شراء 50 سيارة نقل ركاب لا تولد انبعاثات (زيوس) ستنتجها شركات أل أند آر غروب

السيارات الكهربائية تثوُر أساطيل النقل في المطارات أونتاريو، كاليفورنيا، 27 كانون الثاني/يناير، 2016 / بي آر نيوزواير / — تواصل شركة “فينيكس موتوركارز أل أل سي”، وهي شركة متخصصة في صنع السيارات الكهربائية لأسواق أساطيل المركبات، نموها السريع بقبولها أمر شراء 50 من حافلاتها الكهربائية زيوس المكوكية التي لا تولد أي انبعاثات من إنتاج شركات […]

شراكة استراتيجية بين “في بي أس” للرعاية الصحية و مستشفي الأطفال في فيلادلفيا

ستعمل تلك الشراكة على دمج الخبرات بين خبراء طب الأطفال في العالم لتقديم خدمة طبية مميزة للمرضى في المنطقة دبي، فيلادلفيا، 27 يناير 2016:أعلنت “في بي أس” للرعاية الصحية، واحدة من المؤسسات المزودة للخدمات الرعاية الصحية المتكاملة الأسرع نمواً في منطقة الشرق الأوسط وأوربا والهند، توقيع اتفاقية تحالف أستراتيجي مع مستشفي الأطفال في فيلادلفيا، واحدة […]

Saudi Industrial Development Fund approves loans over SR 11 billion last year

Riyadh, Rabi’II 17, 1437, January 27, 2016, SPA — The Director General of Saudi Industrial Development Fund (SIDF), Abdulkarim Al-Nafie said that the Fund recorded unprecedented numbers during the past year in terms of approved loans reached about 155 loans amounting to SR 11.43 billion, an increase of 7% in numbers of loans compared to the fiscal year 1435/1436 AH with an increase in value by 94%.
Al-Nafie explained in a press statement that these figures are higher in terms of the value of loans approved by the Fund in one year since it was established in 1394 AH which came in the first year of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud’s ascension to the throne.
–SPA
15:07 LOCAL TIME 12:07 GMT
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European shares lose ground

LONDON, Rabi’II 17, 1437, January 27, 2016, SPA — European shares lost ground on Wednesday, impacted by a drop in Swiss drugmaker Novartis and German chemicals company BASF after their weak earnings updates,according to Reuters.

Royal Bank of Scotland also fell more than 2 percent after the bank warned its profits would be hit by a pension charge and U.S. litigation provisions, while a forecast of lower revenues from Apple impacted technology stocks.

The pan-European FTSEurofirst 300 index was down by 0.6 percent, while the euro zone’s blue-chip Euro STOXX 50 index fell 0.8 percent.

Novartis fell 2.7 percent after its fourth-quarter core net income missed analyst expectations, while BASF weakened by 2.9 percent after issuing a profit warning.
–SPA
12:28 LOCAL TIME 09:28 GMT
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Businesses Agree on the Benefits of Employee Engagement, but Quantifying these for the Boardroom Remains a Challenge

31% of employers in Western Europe say it’s difficult to measure the ROI of engagement on the wider business, and 30% say boardroom decision-makers cannot easily understand its impact 68% of employers in Western Europe still rely on traditional annual staff surveys to measure engagement LONDON, Jan. 27, 2016 /PRNewswire/ — Oracle has today released findings […]