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DUBAI / WAM Driven by gains held by banking and investment sectors as well as some property companies, Dubai Financial Market (DFM) initiated week’s trades on an improvement note after experiencing a regular profit-booking spree on Thursday, closing 0.64% up at 3596 points, with Abu Dhabi Securities Exchange edging slightly down 0.39% to 4534 points amid overall stable trading conditions. ...

Bloomberg The Trump administration “supports” the current version of a bill to sanction Russia for its actions during the 2016 elections that could soon land on President Donald Trump’s desk for a signature, the White House press secretary said. Sarah Huckabee Sanders’ comments came after Republican and Democratic leaders in the House reached a tentative deal to move ahead this ...

Bloomberg A senior official in the Saudi-led alliance said Qatari officials must revise their policies before direct talks to resolve the crisis could begin. While dialog is important, it should be based on a Qatari “review of actions,” United Arab Emirates Minister of State for Foreign Affairs Anwar Gargash said on Twitter. “Repeating the same positions deepens the crisis,” he ...

Bloomberg Philippine President Rodrigo Duterte won a Congressional vote on Saturday to extend martial law in the southern island of Mindanao, strengthening his legislative hand in the year ahead. With government troops battling IS-linked militants in Marawi City, the House of Representatives voted 245 to 14 in favour of extending martial law until the end of the year. Senators approved ...

Bloomberg German President Frank-Walter Steinmeier said Chancellor Angela Merkel’s government is right to act against what he called unacceptable Turkish policies under President Recep Tayyip Erdogan, who he said seeks to quench the country’s opposition. “Many who have worked cooperatively with him and his party in the last few years are now being persecuted, are thrown in jail, are being ...

Bloomberg President Emmanuel Macron’s approval rating fell sharply in the past month as French voters were either confused by plans for the tax system, shocked by a dispute with the head of the army or unsettled by upcoming labor laws reform, an Ifop pollster told Journal du Dimanche. The rating for Macron, elected in early May, fell 10 percentage points ...

Bloomberg President Donald Trump urged Congress to pass a budget that provides for higher, stable and predictable funding for the US military. “Call that congressman and call that senator, and make sure you get it,” Trump said on Saturday at the commissioning of the Gerald R. Ford, the Navy’s newest aircraft carrier. “We must end the defense sequester once and ...

Bloomberg Donald Trump’s allies in the oil industry are warning the president that his bid to boost US steelmakers could backfire against their efforts to achieve his goal of “American energy dominance.” The intense lobbying effort comes as the Commerce Department faces a deadline to give the president a plan to require oil and gas pipelines use American-made steel, an ...

Bloomberg India approved the sale of a stake in state-run refiner Hindustan Petroleum Corp. to the country’s biggest oil and gas explorer, according to a person with knowledge of the decision. The move fulfills a plan, first outlined in February, to create an Indian oil giant through consolidation and mergers, forming a company comparable with international rivals that could weather ...

Bloomberg Almost two years after the biggest gas leak in US history sprung from a Sempra Energy natural gas storage field in Southern California, the state is ready for the complex to reopen. Sempra Energy’s Aliso Canyon field near Los Angeles is safe to operate at about 28 percent of capacity, with the ability to store as much as 23.6 ...