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Pound’s prospects to be shaped by Brexit trade talks

Bloomberg Pound traders are about to get their first insight into how the currency may fare in the next phase of the Brexit talks as negotiators move on to the potentially more complicated stage of discussing trade. Sterling may be vulnerable as UK Prime Minister Theresa May meets with her cabinet ministers on Tuesday to begin mapping out what they ...

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Region edges up, building-related shares boost Saudi

Reuters Middle Eastern stock markets edged up in quiet trade on Sunday, with construction and building materials stocks boosting Saudi Arabia ahead of the release of its 2018 state budget this week. Saudi Arabia’s index added 0.3 percent as builder Khodari surged 7.6 percent in its heaviest trade since January. Najran Cement gained 4.5 percent and in addition to Khodari, ...

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ADFD allocates AED10.5bn to finance 26 Bahrain projects

Abu Dhabi / Emirates Business A technical delegation from Abu Dhabi Fund for Development (ADFD) visited the Kingdom of Bahrain to review the progress of the development projects financed by the Fund in the country. The projects are being implemented as part of the AED9.19 billion grant provided by the UAE to Bahrain within the framework of the GCC development ...

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