Wednesday 27 August 2014
 
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Gold drops close to $1,300 on stronger dollar

Gold was close to $1,300 an ounce on Thursday and edging lower on signs the Federal Reserve may trim its stimulus measures this year and as the dollar rebounded after President Barack Obama began meetings with lawmakers to resolve the US budget

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China economy slows for 7th quarter

  China's economy slowed for a seventh straight quarter in July-September, missing the government's target for the first time since the depths of the global financial crisis, but other data released on Thursday pointed to

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Saudi rebounds; not affected by Nayef death

Saudi Arabia's index roses in early trade, recovering the previous day's losses, with the death of the kingdom's crown prince no longer affecting the market. The benchmark climbed 0.3 per cent to hit 6,745 points. It fell 0.3

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Dubai rebounds, most Gulf markets up

Dubai's index rose for a third session in four on Tuesday as upbeat global markets buoyed sentiment, but late selling wiped out much of its intraday gains, with short-term retail traders dominant and seeking a quick profit. Most Middl

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Saudi index rebounds from 3-week low

Saudi Arabia's shares rebounded from Monday's three-week low, mirroring gains in world stocks, on a report that Italy may get financial support from China to avoid a default but worries persist on euro-zone debt crisis. Investors w

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Saudi rebounds on valuations; caution on oil

Saudi's shares rebounded on Monday as investors picked up stocks on attractive valuations after two-sessions of losses that dragged the index to a 23-week low, but global concerns still weighed on sentiment. Banking stocks edged higher

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Oil rebounds after slide on IEA stocks release

Oil bounced back more than a dollar on Friday after slumping in the previous session on news the world's top consumers released emergency oil reserves for only the third time ever. Brent crude rose $1.10 to $108.36 a barrel by 0008 GMT aft

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Kuwait economy set to rebound this year

Kuwait's economy  is expected to rebound this year, helped by higher oil prices and government spending plans, data released by the central bank showed. However the second-quarter data released by the bank pointed to sluggish dome

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Mideast investment banking 'rebounds in Q1'

The investment banking in the Middle East experienced a rebound in activity in the first quarter, indicating a return to confidence in the market, according to an analysis by Thomson Reuters. The mergers and acquisitions (M&A) volumes

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Saudi inflation rebounds from 28-month low

Saudi Arabia's annual inflation climbed to 4 per cent last month from October's 28-month low on rising home rents and import costs, nearing the government's full year forecast, official data showed on Tuesday. The global financ

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