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US stocks drop as investors await tax-cut vote; dollar rises

Bloomberg US equity markets fell in lighter-than-usual trading as investors waited for lawmakers to vote on tax cuts in the world’s largest economy. Treasuries declined while the dollar rose. The S&P 500 Index dropped after prospects for passing the tax plan had sparked a two-day rally of almost 1.5 percent that took the benchmark within a whisker of 2,700 for ...

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Qatar leaps, Saudi barely changed before state budget

Reuters Qatar’s stock market jumped on Tuesday as local retail investors piled back into the bourse, while Saudi Arabia closed barely changed ahead of the release of its 2018 state budget. The Qatari index surged 3.8 percent, its biggest daily gain since January 2016, to its highest level since late September. It rose above its 100-day average for the first ...

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Mohammed launches centre for future research in Dubai

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Mohammed bin Rashid Centre for Future Research. The centre will openly publish its research and outcomes to global academic and research communities and will adopt a new concept based on open and participatory international research among scientists. ...

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