BLOOMBERG Chinese stocks rallied heading into the year-end, boosted by a rotation into some of 2023’s worst-performing sectors and a supportive global backdrop. The CSI 300 Index gained 2.3% to cap its best day in five months, as overseas investors bought onshore equities worth 13.6 billion yuan ($1.9 billion) on a net basis in Thursday’s session. A subgauge of industrial …

BLOOMBERG European stocks extended the rally seen across Asian markets and Wall Street, as investors position themselves for Federal Reserve interest-rate cuts next year. Gold traded near a record high struck earlier this month. The Stoxx Europe 600 index climbed 0.3% after a gauge of Asian equities rallied for the fourth straight session. The European benchmark is at the highest …

CAIRO/ WAM AD Ports Group (AD Ports) today announced that it has signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) for the development and operation of a multi-purpose terminal at Safaga Seaport. Following the Government of Egypt’s approval, this significant milestone reaffirms the strong trade ties between the UAE and the Arab Republic of Egypt. The …