Sunday 28 August 2016
 
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Facebook stock ‘can climb 20pc on ad growth’

Facebook stock has the potential to climb by more than 20 per cent over the next year given the growing advertising revenue among its platforms, according to a Barron's report on Sunday. The social media giant, which traded at

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Saudi to open stock market wider to foreigners on Sept 4

Saudi Arabia will ease restrictions on foreign investment in its securities markets next month, sooner than previously indicated, in an effort to attract more institutional money into its bourse, the regulator said on Wednesday. W

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Gulf stake in Europe firms ‘4 times bigger than thought’

Some Gulf-based government funds are likely to own four times as many European shares as companies' management believe, according to a study by Nasdaq Corporate Solutions. Sovereign wealth funds' combined shareholdings are

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Saudi stock market reforms by mid-2017

Saudi Arabia will implement by the middle of 2017 planned reforms to stimulate the stock market and open it wider to foreign investment, the Capital Market Authority (CMA) said on Thursday. "The amended rules will be publishe

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Boursa Kuwait starts managing KSE

Boursa Kuwait has officially assumed responsibility for the management of the Kuwait Stock Exchange’s (KSE) operations, it announced today. The hand-over follows the implementation of a detailed operational plan and strategic road

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Oil turns higher, pushes world stock markets up

Global equity markets got a boost from an upturn in crude oil as the market focused on an upcoming meeting of major oil producers that investors hope could stabilise volatile petroleum markets.   US stock indexes

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Al Noor, Mediclinic shares start trading on LSE

Al Noor Hospitals Group and Mediclinic International has begun trading shares on the London Stock Exchange.   The newly enlarged Mediclinic Internatinoal now boasts 73 hospitals and 43 clinics in Southern Africa,

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Bahrain pushes to preserve marine stocks

New measures to preserve Bahrain’s marine stocks have been announced. They include the introduction of a two-month crabbing ban, as well as a two-month ban on fishing for kannad, known locally as channad, said a report in the Gulf Da

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Asian stocks set to end week on high note

Asian stocks edged up on Friday and looked likely to end the week with tiny gains, although the outlook remained grim as investors continued dumping emerging market assets as their growth expectations faded. The dollar crept higher.

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Oil plunges on large US crude stockpile build

Oil prices slipped on Wednesday after an unexpectedly high build in US crude inventories, further evidence of a persistent global oversupply. US crude oil stockpiles rose 4.6 million barrels in the week to Sept. 25, the American P

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