DUBAI / Reuters Egypt’s stock market closed at a one-year high on Wednesday on optimism among local investors that a loan deal with the International Monetary Fund would boost the economy, while weak oil prices and global bourses pushed Gulf bourses down further. Cairo’s main index jumped 1.6 percent to a one-year high of 8,105 points in rising turnover, …

  Dubai / WAM Growth of the UAE’s non-oil private sector accelerated to a ten-month high in July. Sharp expansions of output and new work helped the sector to gather momentum, alongside quicker rises in purchasing activity and employment. Notably, the rate of job creation was the fastest in over a year. Meanwhile, purchasing costs continued to increase solidly. The rate …

  Dubai / WAM A total of 503 fake passports were seized during the last six months by the Expertise Centre Identity and Fraud Documents (ECIFD) system at Dubai International Airport, according to a top official. During an inspection visit to the ECIFD, Major General Mohammed Al Marri, Director-General of the General Directorate for Residency and Foreigners Affairs in Dubai, GDRFA-Dubai, …