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Gulf markets diverge, Egypt settles at 14-month high

  Reuters Stock markets in Dubai, Qatar and Egypt climbed to multi-month highs on Monday but Saudi Arabia was dragged lower by banking shares vulnerable to economic pressures due to low oil prices. Dubai’s index rose 1.0 percent to end at 3,602 points, just below technical resistance at its April peak of 3,605 points, as trading volume more than doubled ...

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European stocks little changed as DAX erases annual decline

  Bloomberg European shares were little changed, with Germany’s DAX Index erasing its annual drop, as investors assessed recent gains in light of the outlook for earnings and economic growth. Rebounding automakers posted the best performance of the Stoxx Europe 600 Index’s 19 industry groups. Volkswagen AG’s 1.4 percent advance buoyed the DAX, which entered a bull market last week, ...

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Indonesia airlines cleared to fly into United States

  AGENCIES Indonesia, an aviation market with one of the world’s worst safety records, had its air-safety rating upgraded by the US Federal Aviation Administration, a move that may add momentum to flag carrier PT Garuda Indonesia’s expansion plans. The Southeast nation’s transport ministry said it received a letter from the U.S. embassy saying Indonesia got elevated to Category 1, ...

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