ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.08% to close at 4255.16 points. Accordingly the Market Capitalization has lost AED 7.56 Billion attaining AED 690.24 Billion. A total of 1.18 Billion Shares were traded with a total value of 1.1 Billion AED during the trading session of 24-02-2016 through 10870 transactions. The number of companies which …

Hong Kong / AFP Asian stocks mostly slumped on Wednesday as sentiment was dragged down by a renewed drop in oil prices and a resurgent yen sucked the air out of the Japanese market. Crude weakened after Iran’s oil minister called a proposal by Saudi Arabia and Russia to freeze production “ridiculous”, as it seeks to boost output after years …

New York / AFP US stocks tumbled, with energy-related equities dropping on lower oil prices and large banks falling on worries over bad energy loans. The Dow Jones Industrial Average fell 188.88 points (1.14 percent) to 16,431.78. The broad-based S&P 500 fell 24.23 (1.25 percent) to 1,921.27, while the tech-rich Nasdaq Composite Index dropped 67.02 (1.47 percent) to 4,503.58. Oil …