AFP Stocks got a boost on Wednesday after Japan’s central bank overhauled its stimulus programme as markets awaited the outcome of the Fed’s policy meeting. Wall Street opened higher, with the Dow adding 0.5 percent. Meanwhile in Europe, London’s benchmark FTSE 100 index edged up 0.1 percent as the OECD slashed its growth forecast for Britain owing to the ...

  Reuters Bourses in the Gulf were mixed on Wednesday with Saudi Arabia’s bourse supported by the petrochemical sector while Egypt lost steam as local and regional funds exited positions. Saudi Arabia’s index rose 0.4 percent in moderate trade as Brent prices firmed over $46 a barrel. Saudi Basic Industries, the petrochemical heavyweight, climbed 0.9 percent. The insurance sub-index, usually ...

  FUJAIRAH / WAM H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, opened on Wednesday afternoon the UAE’s first berth for very large crude carriers (VLCC) on the Indian Ocean seaport of Fujairah, at cost of AED650 million. The Ruler of Fujairah stressed the keenness of the UAE, led by President His Highness Sheikh ...