Abu Dhabi / WAM Abu Dhabi-based Al Heya Special Glass Factory launched its first ‘Made in UAE’ blast and bullet resistance glass at IDEX this week, hoping to catch the GCC and MENA region markets through its maiden appearance. The company briefed visitors to its stand on tests carried out last month to check the endurance of the glass, describing …

  Reuters Cairo’s main stock index retreated on Thursday after Reuters reported the finance ministry would recommend a tax on stock exchange transactions. In Gulf markets, banks were a drag on most bourses as minutes from a US Federal Reserve meeting showed little support for a March rate rise. Gulf currencies are pegged to the US dollar, so policy rates …

  Bloomberg The dollar continued to fall on Thursday after minutes from the most recent Federal Reserve meeting showed officials were confident they could raise rates gradually without triggering short-term inflation. Oil rose to a seven-week high and stocks were up slightly at the open. The S&P 500 Index rose .10 and Dow Jones Industrial Average was up .12 percent …