The European Central Bank (ECB) is under pressure to follow the US Federal Reserve and cut interest rates when it meets on Thursday, economists said.
The Bahrain Economic Development Board (EDB) announced during its Board Meeting that it attracted 134 companies in 2019, expected to result in a total investment of US$835 million. That investment is projected to create more than 6000 jobs in the local market over the next three years.
Tesla stock has been on fire. Shares are up more than 190% from 2019 lows, leaving investors to wonder what’s next for the electric-vehicle pioneer. On Wednesday, Tesla reported a profit for the final quarter of 2019 — its second quarterly profit in a row. The stock doubled since Oct. 23, the day before it jumped more than 17% on an earnings-fuelled gap up. The main achievement is, according to Gulf Brokers, that TESLA sold 367,500 cars in total in 2019 — more than it sold in 2018 and 2017 together.
Abu Dhabi Securities Exchange (ADX) has given approval for Pattern Day Trader (short-term trading) earlier this week. The product is available for customers through brokerage firms licensed by ADX and the Securities and Commodities Authority (SCA) based on laws set by said authorities to protect investors.