ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.72% to close at 4425.32 points. Accordingly the Market Capitalization has gained AED 5.12 billion attaining AED 717.84 billion. A total of 217.7 Million Shares were traded with a total value of AED 320.86 million during the trading session of 29-03-2016 through 3663 transactions. The number of companies which ...

Bloomberg Credit Suisse Group AG hired Jeffrey Cohen from Lazard Ltd. as the firm seeks to expand its retail and consumer products investment-banking business. Cohen, 52, is a vice chairman based in New York and reports to Jens Welter, global head of retail and consumer products, the Zurich-based firm said in a staff memo, a copy of which Bloomberg obtained ...

Dubai / Reuters Net foreign assets at Saudi Arabia’s Central Bank dropped 1.7 percent from the previous month to 2.19 trillion riyals ($584 billion) in February, central bank data showed on Tuesday. Assets fell 17.3 percent from a year earlier to their lowest level since May 2012. They reached a record high of $737 billion in August 2014 before starting ...