DUBAI / Reuters Saudi Arabia’s stock market edged up on the back of modest gains in the banking sector on Sunday while Egypt imitated world markets’ strong finish at the end of last week. Most other Middle Eastern bourses fell. The Riyadh index added 0.1 percent, remaining near a six-week low, as Samba Financial Group jumped 3.4 percent after its …

ABU DHABI / WAM A report by the Industrial Development Bureau (IDB) has revealed that 16 industrial facilities entered production in the Emirate of Abu Dhabi during the first half of 2017, an increase of 100 percent compared to the same period last year, with a total investment value of over AED3.8 billion. The biannual report of the Abu Dhabi …

Dubai / WAM Dubai Electricity and Water Authority (DEWA) awarded contracts to design, manufacture, test and supply 1,570 cast resin distribution transformers, with capacities of 11/0.4kV, and 1,000 and 1,500 kVA equipped with low-voltage smart meters, to a number of leading specialist international institutions. This is part of DEWA’s ongoing efforts to meet various requirements to expand the electricity distribution …