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Emerging markets race to year highs on stimulus prospects

  Bloomberg Emerging-market stocks and currencies headed for the highest close in more than a year as prospects for central bank stimulus and a better-than-expected U.S. jobs report fueled demand for higher-yielding assets. Turkish assets gained after Moody’s Investor Service delayed a potential sovereign downgrade. South Korean stocks rallied after S&P Global Ratings raised the country’ credit ranking. Russia’s ruble ...

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Nasdaq Dubai to open equities futures market

  DUBAI / Reuters The Nasdaq Dubai exchange will open an equity futures market next month to trade single-stock futures on the shares of some of the United Arab Emirates’ biggest companies, the bourse’s chief executive said on Monday. The introduction of stock futures could be a major development for equity markets in the UAE, where short-selling is restricted and ...

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ADNEC sustains growth as strategic Abu Dhabi asset

  Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (ADNEC) on Monday announced H1 results that demonstrate strong operating performance and continued growth. The company registered AED1.32 billion in direct and indirect economic impact and drew more than 812,000 visitors to its conferences and exhibitions at Abu Dhabi National Exhibition Centre and Al Ain Convention Centre in H1 2016. With ...

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