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Treasuries rally, pound drops on BOE as stocks mixed before jobs

  Bloomberg Treasuries joined a rally in global bonds and the pound slid against its major peers as the Bank of England cut its key rate for the first time in more than seven years. U.S. stocks and the dollar traded in tight ranges as investors awaited Friday’s job report. Sovereign debt from the UK to Germany and American advanced ...

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Gulf recovers slightly as oil price rebounds

  DUBAI / Reuters A recovery in oil prices and global equities helped lift stock markets in the Gulf slightly in early trade on Thursday after a weak performance in the region earlier this week. Dubai’s main index was up 0.4 percent as large and mid-cap stocks outperformed, with Emaar Properties climbing 1.2 percent. In Abu Dhabi the index was ...

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RTA to convert all conventional street lights to LED tech by 2030

  Dubai / WAM A delegation from the Dubai Supreme Council of Energy and the Road and Transport Authority (RTA) visited the Los Angeles Bureau of Street Lighting in the US as part of a series of mutual visits aimed to enhance cooperation and become acquainted with the best international practices. The delegates included Faisal Ali Rashid, Director of Demand Side ...

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