Working with a deep-pocketed Gulf backer could be just what RWE boss Peter Terium needs to restore shareholder confidence and escape budget constraints that have plagued Germany's top power producer.
The utility last week disc
Gulf stock markets rose in early trade on Sunday after oil made further gains and local companies reported upbeat results.
Brent crude jumped 2.2 per cent to $57.80 per barrel on Friday, posting its largest two-week gain in 17 yea
Rallying oil prices and positive corporate news boosted Gulf equity markets on Tuesday, although consumer stocks in Saudi Arabia pulled back after gaining strongly earlier in the week.
Brent crude traded above $56, having gained m
When Saudi Arabia announced last July that it would open its stock market to direct foreign investment, a common worry among fund managers was that when the reform finally took place, the market would simply be too expensive to buy.
Most Gulf stock markets were neutral to slightly positive on Wednesday, although negative news and earnings reports dragged down some individual stocks. Egypt's bourse extended its winning streak on the back of cheap oil.
Gulf stock markets rose on Thursday after oil rebounded slightly from its Wednesday low and several companies made positive announcements.
Supported by a fall in US crude oil inventories, Brent futures bounced around $51 per barre
Dubai Islamic Bank (DIB) will reopen the Gulf bond market next week with a capital-boosting sukuk, the region's first debt offering in two months as financial markets there wobbled under the impact of falling oil prices.
Gulf stock markets fell in early trade on Tuesday after Brent crude plunged 5 per cent a day earlier and the threat of a fresh euro zone crisis in Greece also prompted investors to sell risk assets globally.
Dubai's index tumb
Gulf stock markets extended their declines in broad sell-offs on Monday as the price of Brent crude oil fell below $55 per barrel for the first time since 2009.
Brent futures tumbled more than 3 per cent as data showed that Russia
Most Gulf stock markets fell in low-volume trade on Sunday after Brent crude closed down nearly a dollar a barrel at $56.42 on Friday.
Saudi Arabia's main equities index edged down 0.3 per cent with most blue chips in the red.