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Mideast market follows global downtrend

  Reuters Most Middle Eastern stock markets fell in thin trade on Monday, in line with global losses, with Egypt hit particularly hard. The Saudi stock index edged down 0.3 percent in the lowest volume since September; declining shares outnumbered advancing ones by 115 to 31. Most petrochemical producers fell, with Saudi Kayan Petrochemical losing 0.7 percent. The largest dairy ...

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Lockheed’s $29bn copter may win Pentagon’s nod

  Bloomberg The Pentagon is poised to review — and probably approve — a new helicopter from Lockheed Martin Corp. to transport heavy cargo for the Marine Corps in a program valued at as much as $29 billion. The Defense Acquisition Board has scheduled a March 30 meeting to review whether to approve low-rate production for the first 24 of ...

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Emirates monitors US demand amid concerns about laptop ban

  Bloomberg Emirates will adjust its offering if customer demand drops following a US ban on in-flight electronics and called for the measure to be imposed more widely. The world’s biggest long-haul carrier will be watching bookings to its U.S. destinations “very carefully” to monitor any declines, Emirates President Tim Clark said in an interview with Bloomberg TV in Dubai. ...

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