U.S. stocks retreated this week, with the Standard & Poor’s 500 Index having its biggest decline since December, amid weaker-than-estimated housing data and reports showing manufacturing contracted in Europe and China.
Stocks rose on March 23 as a jump in oil prices lifted energy shares. The rally failed to help the industry avoid posting the worst performance for the week among the S&P 500’s 10 groups, falling 3 percent as Baker Hughes Inc. (BHI) slumped 11 percent. The Dow Jones Transportation Average lost 2.5 percent, the most since Nov. 25, as FedEx Corp. tumbled amid a disappointing earnings forecast. Apple Inc. (AAPL) advanced 1.8 percent after announcing its first dividend in 17 years.
SICO retains top broker status on stock exchange
Securities & Investment Company (Sico), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced it has retained its status as the leading broker on the Bahrain Bourse (BH
Bahraini firms urged to focus on innovation
Bahraini firms need to innovate to retain their competitive advantage, according to Industry, Commerce and Tourism Ministry Under-Secretary for industrial affairs Osama Al Arrayed.
Omani firm inks mining deal with Rwanda
Rwanda-based Tri Metals Mining Limited, a subsidiary of Mawarid Mining LLC, a wholly-owned subsidiary of MB Holding Company LLC registered in the Sultanate of Oman, has signed three large-scale mini