Business

Middle East Stocks Mostly Gain, Qatar Jumps on Raised Foreign Ownership Limits

Middle East Stocks Mostly Gain, Qatar Jumps on Raised Foreign Ownership Limits

Middle East shares mostly rose, with Qatar advancing after several companies raised foreign ownership limits. Egypt was closed for the holidays. Qatar Electricity and Water Co, Qatar Islamic Bank and Industries Qatar each raised their foreign ownership ceilings to 49% from 25%, starting on Monday.Higher ceilings should eventually lift stocks’ […]

Dunkin’ Brands Signs Deal to Open 5 New Stores in North Carolina

Dunkin’ Brands Signs Deal to Open 5 New Stores in North Carolina

Dunkin’ Brands Group (DNKN) said Monday it has signed store development agreements with two franchise groups to build five Dunkin’ Donuts restaurants in the Greensboro, Wilmington and Greenville communities of North Carolina. The first deal covers two new locations with an existing franchisee, while the second deal covers the establishment […]

US Stocks Rally as Tech Sector Logs Gains

US Stocks Rally as Tech Sector Logs Gains

US equity benchmarks were rallying on Monday led by gains in the technology and financial sectors as traders digested comments from social networking giant Facebook’s (FB) chief executive and upcoming inflation data. Some 10 of the 11 key Standard & Poor’s 500 Index sectors were higher at the time of […]