Tuesday 29 July 2014
 
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Middle East markets to close for Eid

Middle East bourses will close for large portions of next week because of Eid al Fitr holidays. The stock exchanges of Saudi Arabia and Kuwait will close for all of next week and trade will resume on Sunday, August 3, the exchange

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UAE regulators take aim at markets after Arabtec debacle

Fifty billion dollars may be enough to trigger major changes to regulation of the Arab world's second biggest stock market. That sum is the value wiped off the Dubai and Abu Dhabi stock exchanges since May by the bursting of a

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StanChart warns on profits as markets arm slumps

Standard Chartered warned profits would fall in 2014 for the second year in a row after first-half earnings dropped by a fifth due to tougher regulations and low market volatility in its trading business. The bank also said on Thu

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Arabtec calms markets, says restructuring won't hurt projects

A restructuring of major Dubai construction firm Arabtec will not damage its ability to proceed with its expansion plans, chairman Khadem Abdulla al-Qubaisi said in a statement on Wednesday. Qubaisi issued the statement to the Dub

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Gulf markets sink as Arabtec remains in free fall

Uncertainty over the fate of Dubai's most heavily traded stock, construction firm Arabtec, as well as the fighting in Iraq and the approach of the Ramadan lull depressed most share markets across the Gulf on Monday. Arabtec ha

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Most Gulf markets pull back, led by Qatar

Most stock markets in the Gulf retreated on a wave of profit-taking on Tuesday, led by Qatar, where there was a pull-back in some of the top stocks that had shot up before joining MSCI's emerging market index last week. The Do

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Qatar stocks hits six-year high

Qatar's bourse led gains in the Gulf on Wednesday, followed by markets in the UAE, although trading in Dubai was thin. Weak earnings from petrochemicals weighed on Saudi Arabia. The main Qatar index rose 1.1 percent to 12,454

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Mubadala to focus more on US, Europe

Abu Dhabi investment fund Mubadala Development Co plans to focus more on US and European markets this year as those economies slowly recover, its chief operating officer said on Tuesday. Mubadala, which has stakes in General Elect

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Bullish funds shift money among Gulf markets

Middle East fund managers remain bullish on most of the region's major equity markets, but some are shifting money from the UAE to less richly  valued markets, a monthly Reuters survey of the region shows. The survey of 1

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UAE, Saudi among most bullish markets

Consumers in the UAE and Saudi Arabia were among the world's most bullish in the final quarter of 2013 while Americans were slightly less willing to spend than in the previous quarter, a global survey showed. Indonesians remai

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