DAMAC Properties, one
of Dubai's largest private developers, swung to a net loss of
36.9 million dirhams ($10 million) in 2019 from a profit of 1.15
billion dirhams in 2018, the firm reported on Tuesday.
Nigeria will get a grant of more
than $1 million from the U.S. government for technical and
financial work on a power plant project in the capital Abuja,
the U.S. Trade and Development Agency (USTDA) said on Tuesday.
European shares rose to a record high
early Tuesday as a slowdown in the rate of new infections in the
coronavirus outbreak provided some relief, although markets
still worried over the wider global economic impact.