Global equity markets traded higher on Monday, although they pared gains from levels close to an all-time high, as low interest rates bolstered sentiment even as US Treasury yields rose.
Wall Street's benchmark S&P 500, wh
UAE's two bourses will resume trading on Monday after a four-day Eid al Adha holiday but activity is likely to be muted with all other Gulf markets still closed.
Dana Gas may see increased interest as its $1 billion Islamic bo
Egypt's bourse rallied for a fourth day on Thursday since Mohamed Mursi's presidential election victory, while most Gulf markets fell with investors cutting risk ahead of an EU meeting.
Egypt's main index rose 1.7 per cent, sta
Gold prices fell 1 percent on Monday, in line with the euro, stocks and other commodities, as worries over the euro zone debt crisis and the impact of high crude oil prices on the fledgling economic recovery fuelled risk aversion.
Shares tumbled on Monday despite efforts by global policymakers to stem a collapse in investor confidence after S&P downgraded the US credit rating, but the euro firmed on hopes the ECB will act to stop Europe's debt crisis from engulfing Ital
UAE markets ended lower, tracking drops on other Gulf bourses as oil price declines weighed, with Dubai's index slumping to a four-week low.
Dubai's benchmark fell 1 percent to 1,592 points, its lowest finish since April 12 as all sectors
Foreign investor outflows from Gulf markets during recent political unrest have been significantly lower than those seen during the financial crisis, the regional head of custody at HSBC said.
Stock markets in the region have been pretty r
Al Rajhi Capital, the investment banking subsidiary of Saudi Arabia's Al Rajhi Bank, has launched a new series of financial and investment seminars.
Commencing from today, they will be held at Al Rajhi Capital’s Investment Centers loca
DealReporter, a provider of market-moving information on a wide range of liquidity events, has launched its enhanced Middle East service.
The expanded Middle East platform now provides in-depth coverage of a spectrum of actionable liquidit
Stock markets in Middle East and North Africa lost $140 billion in market capitalisation during the last five weeks as political unrest sweeping through the region left investors nervous, a report said.
The market capitalisation of 16 Arab