European shares edged higher on Tuesday, supported by a strong performance from defensive as investors took the view that Spain's bank bailout will solve some but not all of the region's problems.
At 0811 GMT, the FTSEurofirst 300 index of top European shares was up 0.1 percent at 984.25 points after opening lower. The index hit its highest since mid-May in the previous session before giving up most of the gains by the close.
Four new laws by year-end
The UAE will unveil four new federal laws before the end of 2013, UAE Minister of Economy Sultan bin Saeed Al Mansouri told reporters on Monday.
Companies law, which is the most important
KSA to import record high diesel volumes for summer
Saudi Arabia will import near record high diesel volumes this summer, as it gears up to beat the sweltering heat and meet rising travel needs during the fasting month of Ramadan, trade sources said.
UAE economy outperforms, says Emirates NBD Research
Commenting on the UAE's economic performance, Emirates NBD Research said, "The UAE’s real GDP growth reached 4.4 per cent in 2012, higher than our forecast 3.7 per cent, according to the latest data
Saudi Arabia 'one of the best-performing economies of the G-20'
“Saudi Arabia has been one of the best performing economies of the G-20 in recent years, with the average rate of real GDP growth during 2008-12 third behind China and India," the International Monet