Media IN 25-06-2018 US stocks ended lower today. The Dow Jones industrial average <.DJI> was down 328.09 points, or 1.33 percent, at 24,252.83. The Standard & Poor’s 500 Index <.SPX> was down 37.81 points, or 1.37 percent, to close at 2717.07. The Nasdaq Composite Index closed down 160.81 points, or …
Read More »London Stock Exchange ends lower
Media IN 25-06-2018 The London Stock Exchange (FTSE 100) finished its day trading on a low. The index of the top 100 companies on the London Stock Exchange (LSE) was down 2.24% from the last close of 172.43 points to close at 7509.84 points.
Read More »A slight drop in gold prices is accompanied by a rise in the dollar
Media IN – Agencies 25-06-2018 Gold prices fell on Monday as pressure on the dollar rallied on expectations of higher interest rates as global trade tensions kept the metal above the 6-month low hit last week. Gold posted a slight drop in spot transactions by 0.3 percent to $ 1264.70 …
Read More »Oil … decrease due to increase
Media IN 25-6-2018 Oil prices fell slightly on Monday, as traders consider an expected production increase of 1 million bpd following the OPEC meeting in Vienna last week. Brent crude futures were down $ 74.25 a barrel, down 1.7 percent from the previous close. US WTI futures traded at $ …
Read More »New Air Services Agreement signed between Australia and India aimed at strengthening bilateral relations
Media IN- Agencies 24 – 06 – 2018 Australian Federal Trade and Investment Minister Stephen Chippo said in a statement issued by his office that the Australian government signed a new air services agreement with its Indian counterpart to strengthen bilateral relations. “Liberalized air services arrangements are an important step …
Read More »7Awards for Abu Dhabi Islamic Awards from Emaya Finance
Media IN 24-06-2018 Abu Dhabi Islamic Bank (ADIB) won seven new awards in the top two banks and finance deals at the Emia Finance Awards ceremony held in London. Abu Dhabi Islamic Bank (ADIB) won the awards of Best Islamic Finance Bank and Islamic Financier for its successful completion of …
Read More »Sharp drop in foreign exchange reserves in Algeria
Media IN- Agencies 24-06-2018 Algerian Prime Minister Ahmed Ouyahia said on Saturday that his country’s foreign exchange reserves fell by $ 7.3 billion in the first five months of this year and are expected to fall by $ 5 billion from now until the end of the year. Ouyahia said …
Read More »President Sisi endorses the law on allowances and pensions
Media IN- CAIRO 24-06-2018 – Egyptian President Abdel Fattah al-Sisi announced on Saturday a law to grant an exceptional allowance to state employees and employees of 10 percent of the basic wage. The minimum amount of the periodic bonus payable is 65 pounds per month (about 3.6 dollars) The law …
Read More »Tunisia raises fuel prices by 75 million per liter
Media IN 23 06 2018 Tunisia has decided to raise the price of gasoline and diesel fuel by 75 million per liter starting today. The Ministry of Energy and Mines said in a statement that this increase, which came in light of the rise in oil prices in the world …
Read More »Variations in OPEC on increasing production
Media IN 21-06-2018 According to informed sources, there has been a clear divergence in the attitudes of OPEC participants on the need to increase oil production. Some member states believe that current production should be maintained according to the 2017 agreement. Saudi Arabia and non-OPEC member Russia see increasing production …
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