Recent Posts

Saudi edges up in volatile trade, Egypt hits record

  DUBAI / Reuters Saudi Arabia’s stock market edged higher in volatile trade on Thursday but suffered its worst weekly decline since September, while Egypt extended its bull run as international funds accumulated shares. The Saudi index closed 0.4 percent higher at 6,922 points; it remains near a six-week low and lost 3.8 percent over the week. Investors bought shares ...

Read More »

US stocks drop as bond rally sinks bank shares

  Bloomberg Treasuries rallied, sending 10-year yields to the lowest since November, while the dollar slumped with US stocks as investors reassessed post-election market moves spurred by speculation Donald Trump’s policies would jumpstart American economic growth. Trump yesterday gave investors little reason to add to bets that had taken the dollar to a 14-year high and stocks to records. Some ...

Read More »

‘UAE-India biz ties have strong potential for further growth’

  Abu Dhabi / Emirates Business A high-level delegation from the UAE is participating in the 8th eighth Vibrant Gujarat Global Summit which kicked off on January 10 – under the theme of ‘Sustainable Economic & Social Development’ and will conclude today in Gandhinagar, the capital of Gujarat state in Western India. The group is headed by HE Dr Rashid ...

Read More »
Send this to a friend