Turkey's stock market surged 1.6 percent on Monday after Iran sealed a historic nuclear deal with the West, which is viewed as reducing political risk in the oil-producing Middle East and opening the door to more trade with one of the region
Muslim consumer expenditure globally on food and lifestyle sectors, estimated at $1.62 trillion in 2012, is expected to reach $2.47 trillion by 2018, a report said.
This forms the potential core market for halal food and lifestyle
Fund managers in the Middle East show little sign of taking money off the table as a year of strong gains for Gulf stock markets nears its end, a Reuters survey showed.
Dubai's market, rebounding from the bu
Iraq is set to boost its oil export capacity significantly by the end of the first quarter next year, stepping up competition with top exporter Saudi Arabia to grab a bigger share of the growing Asian market.
Iraq is wooing Asian
The US government began a partial shutdown on Tuesday for the first time in 17 years, potentially putting up to one million workers on unpaid leave, closing national parks and stalling medical research projects.
Investors responded to the violent crackdown in Egypt by bidding up the price of oil and of insuring the country's sovereign debt. The reaction is understandable, but not insightful. Political risk is just too difficult to price.
Saudi Arabia led other Gulf markets higher on Tuesday as most reopened after long Eid holidays, while Dubai bounced from technical support, suggesting its bull run is not yet stalling.
After a week-long break,
The world's economic crisis response team will grapple with the prospect of more market volatility on Friday as finance ministers and central bankers gather in Moscow to chart a course towards recovery.
The Group of 20, a foru
Bahrain's private sector is targeting Asian markets as the kingdom prepares to host a major trade and investment conference later this year, said a report.
The GCC-Asian Trade and Investment Conference and its accompanying exh