Abu Dhabi / WAM National banks invested AED200 million ($54.45 million) in local stock markets in April after stock prices reached attractive levels, an increase of 2.2 percent compared to March. This investment led to an increase in the prices of many stocks, which positively affected general indexes over the past weeks. Attractive stock prices encouraged individuals and traders to ...

Bloomberg South Africa is seeking investments from multilateral lenders, commercial banks and pension funds in what a senior ruling party official said will be a $20.5 billion infrastructure program. The program will focus on “network industries such as rail and ports, energy, broadband connectivity, water, sanitation and human settlements,” Paul Mashatile, the treasurer-general of the African National Congress, said in ...

Bloomberg Oil extended declines after an industry report showed US crude inventories swelled for the first time in three weeks. Futures fell 1.4% in New York, following Wednesday’s 4.5% decrease. The American Petroleum Institute reported that stockpiles expanded by 8.73 million barrels last week, according to people familiar with the data, raising questions about the strength of the market’s return ...