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Public-private partnerships key for promoting trade: Senegal prez

  Dubai / WAM Whatever its size or power, no country today can exist autonomously, said President of Senegal Macky Sall speaking on the worries of a slow-down in trade on the back of protectionist sentiments in the United States. “It would be a mistake to fall back on our own economies because economies are interdependent. Capital, goods and people are ...

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Firm oil boosts Saudi, Kuwait rebounds but Egypt slips

  Bloomberg Petrochemical and banking shares boosted Saudi Arabia’s bourse on Sunday after oil prices firmed at the end of last week, while small and mid-sized stocks were the main movers on other Gulf markets. Saudi Arabia’s index added 0.8 percent with nearly three-quarters of the 14 listed Saudi petrochemical shares advancing, after Brent oil futures closed 1.9 percent higher ...

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A $200bn Danish investor sorts bad hedge funds from good

  Bloomberg The hedge fund business isn’t what it used to be. For starters, a lot of funds in the industry forgot to hedge at crucial moments over the past decade, according to the men now running the $200 billion wealth management unit of Denmark’s biggest lender, Danske Bank A/S. “If you look back over time, there are a lot ...

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