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Market

Shares cool after best week
Risk sentiment softens after Ebola case in NY, ahead of bank stress-test results
Egypt considering $1.5b foreign bond as it repairs economy
The Arab world’s most populous country has been trying to repair an economy battered since an uprising toppled Hosni Mubarak in 2011.
Union National Bank joins DMCC Tradeflow platform
The successful implementation of this service highlights UNB’s strategy to expand its Shariah-compliant offering.
Enoc reduces diesel retail price by 20 fils
Emirates National Oil Company, or Enoc, has reduced the price of diesel by 20 fils to Dh3.50 per litre, effective from October 21.
European shares, euro fall
11 banks may fail financial health check offsetting hopes of ECB bond buying
Top bullion consumer China works on first gold forwards, options
China, which overtook India last year to become the world’s biggest consumer of gold, bans trading in commodity options and forwards at present to limit speculation
Dollar/Saudi riyal forwards jump as spot market pressured
Traders said the riyal’s peg of 3.75 to the dollar was not under serious pressure, and that the currency’s drop did not indicate major concern about Saudi Arabia’s economy.
Egyptian Exchange to approve 10 listings
The Egyptian Exchange expects to have approved the listings of 10 companies by the end of this year as confidence in the local economy grows, the exchange’s chairman Mohamed Omran said.
Data, earnings push stocks
Upbeat US figures fuel a 4% surge in Nikkei, its biggest daily rise since June
Most global stocks rebound
Fall in US jobless applications, Fed official’s comments ease investor nerves
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