ABU DHABI, Feb 18 (Reuters) - The Nasdaq Dubai exchange launched equity index futures on Sunday for the main indexes of Dubai Financial Market and the Abu Dhabi Securities Exchange, a top official said.The new instruments could help to attract fresh money to the exchanges by giving investors more opportunity to hedge. Nasdaq Dubai began trading single-stock futures for shares in some of the United...Read More
DUBAI/CAIRO, Feb 18 (Reuters) - Qatar National Bank (QNB) has hired CI Capital to advise it on the sale of a small stake in its Egyptian unit.QNB plans to reduce its 97.125 percent stake in QNB Alahly to 95percent, the bank said in a statement.The sale is intended to comply with the rules of listing on the stock exchange, which requires that the free float shall not be less than 5 percent, it said...Read More
DUBAI, Feb 18 (Reuters) - Most major Gulf stock markets edged up in early trade on Sunday although Dubai fell, partly because of a continued slide in Shuaa Capital .The Saudi index was up 0.5 percent after 55 minutes with blue-chip bank Al Rajhi gaining 0.9 percent. National Medical Care Co rose 1.3 percent after proposing to resume dividend payments for 2017.But Buruj Cooperative Insurance sank 6...Read More
China's Shandong Gold Mining Co Ltd and Zijin Mining Group Co Ltd are in separate talks with Acacia Mining Plc to form a joint venture for the London-listed company's gold mines in Tanzania, three people familiar with the matter told Reuters.Read full newsRead More
TORONTO, Feb. 15, 2018-- McEwen Mining Inc. announces results of the updated Feasibility Study for its 100% owned Gold Bar Mine in Nevada. Construction has started on the Gold Bar Mine with a planned completion ...Read full newsRead More
It's not every day that you get a chance to own a mine that could have tens of millions of dollars of gold.Read full newsRead More
The national park's full planning committee will visit the site on 27 February before making a decision.Read full newsRead More
At the head of a poisoned river, the Munduruku find a devastated land where their village once stood. Can they stop the illegal mining that stole their homes?Read full newsRead More
CAIRO, Feb 18 (Reuters) - INTEREST RATESLatestLast change PreviousCentral17.75 15/02/1818.75 bank o/n depositCentral18.75 15/02/1819.75bank o/n lendingCentral18.25 15/02/1819.25bank discount rate MONTHLY DATA _____________ Month Pvs Yr agoUrban 17.128.1consumerJanuary 21.9prices(year-on-year,pct change) CoreinflatioJanuary 14.3519.86 30.86n (year-on-year,pct change) Foreign January 38.20937.020...Read More
DUBAI, Feb 18 (Reuters) - Middle Eastern stock markets may have an upward bias on Sunday because of a gradual recovery in oil prices and in Egypt's case, last week's interest rate cut, although there appears to be little reason for any strong rise in equities.Wall Street closed marginally firmer on Friday while Brent oil continued its gradual recovery, settling up 51 U.S. cents at $64.84 a barrel....Read More
A loan of $5,850 helps a member to buy ten pigs and have them delivered to strengthen her initial capital.Read full newsRead More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Friday was a 78-78-134 draw. The TSX Venture Exchange fell four points to 830 while polished diamond prices fell 1.6 per cent. Chris Taylor's Dunnedin Ventures Inc. (DVI) rose four cents to 30.5...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $6.80 to $1,346.50 on Friday. The TSX Venture Exchange fell 4.03 points to 830.17 while the TSX Gold Index dipped 3.54 points to 187.41. Agnico Eagle Mines Ltd. (AEM) led Canadian golds lower. It fell $2.17 to $...Read More
There's a vast world outside of the U.S. waiting for you to discover it. You know that but aren't sure about leaving what's familiar to you.There are many ways you can get around the overreaching laws and regulations, the political manipulation, and the social pressure. You can change your domestic lifestyle, work toward a freer life in the U.S.But if you have the itch to go global, there are near...Read More
Thestock market pullback of the last couple of weeks has shown that markets arejittery, and will likely be volatile for awhile as investors keep a vigil onrising bond yields (inflation) and potential interest rate hikes. In theseuncertain times, one sector that appears to be holding its own, and then some,is commodities. Let’s examine why this is the case, and why commodities aregoing to be...Read More
Federal Reserve officials like to say their policy course is "data-dependent." That sounds very cautious and intelligent, but what does it Continue...Read More
Gold spiked in January, and looked to be headed even higher. But there were some problems. First, futures speculators – as tracked by the Commitment of Traders (COT) report – had goneoverwhelmingly long, and since they tend to be wrong at emotional extremes, this was a red flag. Second, gold was approaching the $1360 level that had, since 2014, been the place where upward momentum went...Read More
Gold continues to prepare to break out of its giant Head-and-Shoulders bottom pattern. As we can see on its 8-year chart below, this base pattern has been developing for getting on for 5-years now, so it has major implications. Upside volume has been building for a long time, driving volume indicators higher, a sign that a breakout and new bullmarket is simply a matter of time, and not much at tha...Read More
Inflation is back. So what does this mean for gold?The consumer price index came in hotter than expected at 2.1%. A CNBC report said the number "pushes the economy toward a potential danger zone for inflation."Analysts had expected January inflation to come in at 0.3, after being up by 0.1 the previous month. Instead, the December number was revised up to 0.2 and January came in at 0.5. As Peter S...Read More
Gold spiked in January, and looked to be headed even higher. But there were some problems. First, futures speculators - as tracked by the Commitment of Traders (COT) report - had gone overwhelmingly long, and since they tend to be wrong at emotional extremes, this was a red flag. Second, gold was approaching the $1,360 level that had, since 2014, been the place where upward momentum went to die. F...Read More