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Sharjah helps rebuild one of Africa’s iconic libraries in Guinea

Sharjah / Emirates Business Sharjah has announced the completion of the restoration and renovation of one of Conakry’s, Guinea, most beloved libraries, which was destroyed by a horrific fire accident in 2012, with more than 10,000 of the nation’s richest literatures and publications damaged by the fire. The Djibril Tamsir Niane Library was renovated through generous support by HH Dr ...

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US stocks bounce back with tech; Treasuries weaken, dollar steady

Bloomberg US stocks bounced back from Monday’s selloff as the rout in technology selloff eased and carmakers rallied on strong sales reports. Treasuries and gold retreated. The S&P 500 climbed from the lowest level since early February after closing below the 200-day moving average for the first time since the Brexit vote almost two years ago. General Motors jumped almost ...

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Egypt falls on failed buyout offer, Gulf mostly lower

Reuters Egyptian stocks fell on Tuesday, hit by a plunge in index heavyweight Global Telecom after the company’s majority shareholder withdrew a buyout offer, while Saudi Arabia stabilised after three days of falls. Most Gulf markets were lower or flat in the absence of fresh cues ahead of quarterly earning announcements for companies, which began this week. A six-day rally ...

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