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Brexit bounce a disaster for bears as S&P 500 churns near record

  Bloomberg Not only is the rising market punishing shorts, it’s lifting their favorite targets at a rate that is by some measures three times as great as everything else. As a result, the 50 most-shorted stocks—that is, the ones bears had bet would fall —have instead rallied 16 percent since the end of June, the biggest gain in more ...

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Qatar, Egypt climb to multi-month highs, Saudi cools

  DUBAI / Reuters Stock markets in Qatar and Egypt rose to fresh multi-month highs on Wednesday, following global bourses higher, but Saudi Arabia’s index pulled back as oil gave up some of its recent gains. Doha’s main index added 0.7 percent to 10,996 points, a new nine-month high. Stocks most exposed to foreign capital flows were among the top ...

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Dubai to be springboard for floating homes

  DUBAI / Emirates Business Dubai has earned a global reputation for launching unique and spectacular real estate projects, and a Dutch developer hopes the emirate will now provide a successful springboard for stunning floating homes designed to take their owners back to nature. The company, New Living on Water (NLW), will give a Middle East debut to its striking ...

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