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Finance & Markets

Fujairah resort eyes tourism windfall as trade shifts east

Sandy Beach’s Tarek Aboudib says rail and port investment can draw weekenders, investors and business travellers, with wellness, adventure and destination events offering the biggest upside

We haven't written up this one. Arabian Business has the full story — the link below goes straight to it.

Read the original at arabianbusiness.com →

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Domestic Equity ETFs Post First Net Outflow

As volatility in the domestic stock market widened, domestic equity exchange-traded funds (ETFs) posted their first net outflow of the year this month.

  • Domestic equity ETFs recorded first net outflow of 410.0 billion won in August.
  • Outflows driven by weakening stock market and stricter regulations on single-stock leveraged ETFs.
  • Retail investors net bought $5.88 billion in U.S. stocks from June to August 7.

More from Tuesday 11 August →