DUBAI / Reuters The government of Dubai has completed a project financing worth about $2.45 billion for the extension of the city’s metro rail system, Dubai’s Department of Finance said on Wednesday. The project envisages a 15 kilometre (9 mile) extension of the Dubai Metro’s Red Line, from Nakheel Harbour and Tower station up to the site of the World ...

Bloomberg US stocks swung between gains and losses, the dollar weakened and Treasuries steadied as traders await the Federal Reserve’s first policy decision since Jerome Powell took the helm. The S&P 500 Index fluctuated, while the Dow Jones Industrial Average and Nasdaq Composite Index edged lower. Leisure companies and banks were among the biggest losers in the Stoxx Europe 600 ...

Reuters Saudi Arabia’s stock market rose on Wednesday, lifted by its expected inclusion in the secondary FTSE emerging market index, while United Arab Emirates’ markets were boosted by its top two property companies. The Saudi index gained 0.5 percent to close at 7,762 points, backed by leading stocks that investors expect to attract foreign funds if the FTSE upgrade is ...