United Arab Emirates stock markets were firm in early trade on Tuesday after oil prices and Asian bourses stabilised at least temporarily, encouraging UAE retail investors to buy back property shares in particular.
China's recent stock market pain is proving to be India's gain, with share prices in the south Asian nation reviving as investors who cut their holdings earlier this year switch out of Chinese equity markets and back into India's.
US crude oil prices remained close to their lowest in over six years early on Friday, as rising US stockpiles stoked oversupply and on worries over demand from slowing economies in Asia.
US oil prices tumbled m
GCC stock markets remained range-bound last month with minimal volatility as investor participation declined significantly across the region owing to Ramadan, according to a report. Research by Kuwaiti firm Kamco Investment Company showed this
Strategic Marine, a specialist shipbuilder and fabricator, has confirmed its stock programme of personnel transport vessels is market-ready.
Reece Newbold, group business development manager, said: “Our s
Dwindling fish stocks in the seas around Bahrain are forcing fishermen to trespass into other country’s territorial waters, an industry expert has warned.
Professional Fishermen’s Society president Jassim Al Jeran&rsqu
Google's stock closed up 16.3 per cent at $699.62 on Friday, adding about $65 billion to its market value, as strong growth in YouTube viewership eased investor concerns about Facebook Inc's push into video.
One week after Saudi Arabia opened its stock market to direct foreign investment, US mutual fund managers said they are interested but not rushing to invest in the Middle East's biggest economy.
Foreign fund inflows are slower
The Saudi stock exchange (Tadawul) is planning to showcase the opportunities it holds at top financial centres around the world, after opening up to international investors, according to a report.
A series of road shows will be or
The Egyptian government approved legislative amendments on Thursday that would grant the Suez Canal Authority the right to establish joint-stock companies, the cabinet said in a statement.
Egypt plans to build a new Suez Canal alo