Dubai / WAM Daily volumes on the Dubai Gold and Commodities Exchange (DGCX) in February traded 62,844 contracts per day. Trading activity on the exchange’s Indian products remained consistent on the back of increased volatility in Indian markets due to the Union Budget announcement made at the beginning of the month and the ongoing state elections. The DGCX Indian product …

  DUBAI / WAM Representatives from the UAE’s Ministry of Economy and the Federal Democratic Republic of Ethiopia, have discussed the means of developing future economic ties to boost levels of trade, promote bilateral investments and encourage the UAE business sector to explore potential economic opportunities in Ethiopia, notably in commerce, industry, tourism and agricultural investment sectors. The meeting was attended …

  Bloomberg The dollar extended gains, while Treasuries retreated as bets increased that the Federal Reserve will raise rates in two weeks. US stocks fell from records as a torrid run in bank shares ended. Lenders led declines a day after reaching the highest level since 2007, while energy producers slipped with the price of crude. Data showing U.S. jobless …