DUBAI / Reuters Egypt’s main stock index corrected on Monday as local traders booked profits and Gulf markets diverged with United Arab Emirates markets outperforming as traders focused on financial shares while a retreat in oil prices weighed on Saudi Arabian petrochemical producers. Cairo’s main index fell 0.9 percent, snapping four straight sessions of gains. Local institutions were net …

  Bloomberg Stocks slumped while Treasuries rose with gold as the new year rally in riskier assets faltered. Political risks rippled across foreign-exchange markets with the pound, Turkish lira and South Korean won leading declines. The Dow Jones Industrial Average declined after Friday climbing within a point of 20,000. The yield on 10-year Treasury notes slid below 2.40 percent, while …

  Dubai / WAM Hussain Nasser Lootah, Director-General of Dubai Municipality, has revealed that the municipality has allocated AED7 billion in this year’s budget for executing infrastructure development and new large-sized high-priority projects and services in the field of health and environment. “The lion’s share of the volume of expenditure in the budget will be received by the storm water tunnel …