Bloomberg Petrochemical and banking shares boosted Saudi Arabia’s bourse on Sunday after oil prices firmed at the end of last week, while small and mid-sized stocks were the main movers on other Gulf markets. Saudi Arabia’s index added 0.8 percent with nearly three-quarters of the 14 listed Saudi petrochemical shares advancing, after Brent oil futures closed 1.9 percent higher ...

  Bloomberg The hedge fund business isn’t what it used to be. For starters, a lot of funds in the industry forgot to hedge at crucial moments over the past decade, according to the men now running the $200 billion wealth management unit of Denmark’s biggest lender, Danske Bank A/S. “If you look back over time, there are a lot ...

  Chisinau / Emirates Business Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, recently met Moldovan Prime Minister Pavel Filip as part of an extended high-level Emirati visit to Moldova. Representatives from the government and the private sector, investors, and entrepreneurs invited to attend the UAE-Moldova Business Forum were also present during the meeting set to discuss potential collaborative ...