Saturday 28 February 2015
 
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Oil slips towards $60 as oversupply weighs

Brent crude oil fell towards $60 a barrel on Friday as oversupply, underlined by record-high US crude stocks, weighed on the market. US crude inventories rose 7.7 million barrels to 425.6 million barrels last week, rising for a si

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Saxo Bank launches stock market contest for students

Saxo Bank, a fully licensed and regulated Danish bank specialising in online trading and investments, has launched its first ever stock market competition. ‘The Abu Dhabi University Postgraduate Investment Competition 2

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Saxo Bank launches stock market contest for students

Saxo Bank, a fully licensed and regulated Danish bank specialising in online trading and investments, has launched its first ever stock market competition. ‘The Abu Dhabi University Postgraduate Investment Competition 2

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Gulf markets tumble as oil slides below $60

Gulf stock markets plunged in early trade on Tuesday after oil resumed its slide on bearish comments about Opec and weak Chinese manufacturing data. Brent crude prices fell below $60 a barrel for the first time since July 2009 as

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Gulf markets tumble as oil's plunge feeds panic

Gulf stock markets extended their plunge on Sunday as oil's drop to a new five-year low sparked a fresh wave of panic selling. The bourses' losses left Qatar and Bahrain as the only Gulf markets with year-to-date gains. Br

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Abu Dhabi bourse brings in new rules as markets tumble

The Abu Dhabi Securities Exchange (ADX) will temporarily suspend stocks that fall by five per cent under new rules effective from Sunday as slumping oil prices continue to hit markets across the Gulf. Investors have been dumping G

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Most Gulf firms, barring petchem companies, can prosper with $70 oil

Plunging stock markets in the Gulf show investors are panicking about the prospect of $70 oil next year. But heavy state spending means most firms in the region, with the big exception of petrochemical producers,

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Mezzan applies for listing on Kuwait Stock Exchange

Mezzan Holding has filed an application with Kuwait’s Capital Markets Authority to list on the Kuwait Stock Exchange (KSE). The company plans to list on the official bourse following a secondary offering of 88.95 million sha

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Foreign investors buy $309m worth shares on DFM

Foreign investors purchased shares worth Dh1.14 billion ($309.5 million) on the Dubai Financial Market (DFM) from August 17 to 21, while the value of stocks they sold was Dh1.08 billion, said a report. The net foreign investment d

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Etisalat Egypt unit plans stock listing

United Arab Emirates telecommunications operator Etisalat said on Wednesday that its Egyptian business was considering a listing on the Egyptian stock exchange, but no decision had been taken yet. Local media reports had said earl

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