ABU DHABI / Reuters The Nasdaq Dubai exchange launched equity index futures on Sunday for the main indexes of Dubai Financial Market and the Abu Dhabi Securities Exchange, a top official said. The new instruments could help to attract fresh money to the exchanges by giving investors more opportunity to hedge. Nasdaq Dubai began trading single-stock futures for shares in …

DUBAI / Reuters Middle Eastern stock markets may have an upward bias on Sunday because of a gradual recovery in oil prices and in Egypt’s case, last week’s interest rate cut, although there appears to be little reason for any strong rise in equities. Wall Street closed marginally firmer while Brent oil continued its gradual recovery, settling up 51 US …

Bloomberg India’s state-owned UCO Bank said it has exposure of $411.8 million in the nearly $2 billion bank fraud perpetrated against Punjab National Bank, a case linked to billionaire jeweler Nirav Modi. UCO Bank’s Hong Kong branch granted loans against letters of credit issued by PNB, UCO Bank said in a filing with the Bombay Stock Exchange. Other banks, including …