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Crude futures rose on Wednesday for the first time in eight days, with US oil pulling further away from the widely watched $30-per-barrel level breached the previous session.
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In this Saturday, March 10, 2013 file photo, Egyptian traders work on the floor of the stock market in Cairo, Egypt. (AP Photo/Amr Nabil, File)
Egypt amends new stock market law
Cairo, Asharq Al-Awsat—The Egyptian government has taken measures to ease some of the provisions from a new stock market tax law announced last week after the Egyptian Exchange (EGX) recorded its biggest daily drop in almost a year on Sunday following the...Caption:
A file photo dated 22 May 2012 shows investors gathering at the Dubai Financial Market, in Dubai, United Arab Emirates. (EPA/ALI HAIDER)
UAE bourse merger gathers steam as advisers hired
Abu Dhabi/Dubai, Reuters—Abu Dhabi and Dubai have hired banks to advise on a possible merger of their two main stock exchanges, a state-backed deal that could energize financial markets in the United Arab Emirates, sources familiar with the plan said. Any merger of...Caption:
President of Crescent Petroleum: Events of the “Arab Spring” changed the reality of exports in Arab States
Majid Jafar, CEO of UAE’s “Crescent Petroleum” and member of the board of directors delegated to “Dana Gas” has said investors from several areas where the company invested and increased productivity were very optmisitc. He admitted that the current value of...Caption:
An investor looks up at screens displaying stock information at the Dubai Financial Market, June 17, 2013 (REUTERS/Jumana El Heloueh)