Dubai / Reuters Most Gulf stock markets edged down on Sunday with Saudi Arabia dampened by a much wider first-quarter loss at PetroRabigh, while agreement between the International Monetary Fund and Cairo did little to help Egypt’s bourse. The Saudi stock index slipped 0.4 percent as PetroRabigh tumbled its 10 percent daily limit after reporting that its quarterly loss ballooned …

DUBAI / WAM Dubai master developer Nakheel on Saturday announced that it has signed a construction contract worth nearly AED1.5 billion for The Palm Gateway, a new, three-tower residential, retail and beach club complex at the foot of the world-famous Palm Jumeirah. Nakheel has appointed Shapoorji Pallonji Mideast LLC to carry out the work, which will begin in Q2 2017 …

DUBAI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development has said that Dubai and the UAE have become important global crossroads, particularly for finances, investment, bankers, traders, business owners and entrepreneurs. Speaking on Saturday at ‘The Success Summit’, in Dubai, the minister in his keynote speech said, “Our environment favours aggressive, imaginative visionaries, well-informed …