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Global stocks go up on telecoms news, stimulus hopes

  TOKYO / AP Global stock markets rose on Wednesday amid optimism about the telecommunications industry and as investors expect more central bank stimulus in the eurozone. KEEPING SCORE: France’s CAC 40 added 0.9 percent to 4,671 while Germany’s DAX was up 1.5 percent at 10,935. Britain’s FTSE 100 rose 1.5 percent to 6,884. U.S. shares were set to drift ...

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UAE stock market outperforms region

  Reuters Stock markets in the United Arab Emirates outperformed the region on Wednesday while investors booked profits in Saudi Arabian petrochemical shares and Egyptian blue chips. Dubai’s main index closed 1.3 percent higher in healthy volume as some large and mid-sized shares, which had been relatively quiet so far this week, gained. Emaar Properties rose 2.4 percent. A Dubai-based ...

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Egypt minister sets ‘3-year strategy’ to revive economy

  Cairo/ AFP Egypt has an ambitious three-year reform plan that, with foreign help, can revive its struggling economy, the minister of international cooperation said. In an interview, Sahar Nasr said the “three-year strategy” will lead to a return of investments, boost industrial production and create jobs. It comes as Egypt faces not only falling growth and a currency crisis ...

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