Dubai / WAM Daily volumes on the Dubai Gold and Commodities Exchange (DGCX) in February traded 62,844 contracts per day. Trading activity on the exchange’s Indian products remained consistent on the back of increased volatility in Indian markets due to the Union Budget announcement made at the beginning of the month and the ongoing state elections. The DGCX Indian product …

  DUBAI / WAM Representatives from the UAE’s Ministry of Economy and the Federal Democratic Republic of Ethiopia, have discussed the means of developing future economic ties to boost levels of trade, promote bilateral investments and encourage the UAE business sector to explore potential economic opportunities in Ethiopia, notably in commerce, industry, tourism and agricultural investment sectors. The meeting was attended …

  Bloomberg The dollar extended gains, while Treasuries retreated as bets increased that the Federal Reserve will raise rates in two weeks. US stocks fell from records as a torrid run in bank shares ended. Lenders led declines a day after reaching the highest level since 2007, while energy producers slipped with the price of crude. Data showing U.S. jobless …

  DUBAI / Reuters Egypt’s stock market rose sharply on Thursday after the finance minister said he would propose only a gradual introduction of a stamp duty on transactions, while stocks going ex-dividend dragged down Dubai. The Egyptian index climbed 2.6 percent as blue chip Global Telecom jumped 7.6 percent. Amr al-Garhy told Reuters on Wednesday that he would propose …

  KUALA LUMPUR / AP A North Korean envoy rejected a Malaysian autopsy finding that VX nerve agent killed Kim Jong Nam, saying on Thursday the man probably died of a heart attack because he suffered from heart disease, diabetes and high blood pressure. Malaysia dismissed the claim. The death of Kim, the estranged half brother of North Korea’s ruler, …

  Bloomberg French presidential candidate Marine Le Pen was stripped of her European Parliament immunity from prosecution because of a judicial investigation in France into the posting on her Twitter account of images of murders by IS. The European Union assembly voted by a show of hands on Thursday in Brussels to make the move against Len Pen, who leads …

  BEIRUT / AP Syrian government forces battling the IS group re-entered Palmyra on Thursday in their quest to again take the historic town they had lost to the militants in December, state media reported. The SANA news agency reported by early afternoon that government troops entered the town’s archaeological site, a UNESCO World Heritage Site, around mid-day, then the …

  GENEVA/ AP Diplomats and negotiators have set their sights on modest achievements in the latest round of Syria talks in Geneva, after a week of discussions centering on setting an agenda for future talks. Meanwhile, fighting continued Thursday near Palmyra in central Syria. UN Special Envoy to Syria Staffan de Mistura is due for another round of meetings on …

  WASHINGTON / AP White House lawyers have instructed the president’s aides to preserve materials that could be connected to Russian interference in the 2016 election and other related investigations, three administration officials said on Wednesday. The instructions, which were sent to White House staff on Tuesday, come after Senate Democrats last week asked the White House and law enforcement …

  PESHAWAR / AP A suspected US drone strike in Pakistan’s northwestern tribal region on Thursday killed two militants, three intelligence officials said. The latest strike took place in the Kurram tribal region bordering Afghanistan and the identity and nationality of the slain men were not immediately known, said the officials. They spoke on condition of anonymity as they were …