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UAE markets resume trade; Dana in focusUAE'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 More… |
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Egypt extends rally; most Gulf markets dipEgypt'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 More… |
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Gold retreats in line with euro, stock marketsGold 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. Spot gol More… |
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Shares tumble despite G7 assurancesShares 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 More… |
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UAE down after oil fall; Qatar stalls dropUAE 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 More… |
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Unrest-led outflows from ME markets 'not material'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 More… |
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Al Rajhi Capital launches new seminar seriesAl 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 More… |
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DealReporter launches new equity, debt platformDealReporter, 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 More… |
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Mena bourses lost $140 billion in unrestStock 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 More… |
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Dubai shares surge to ease from 6-year lowDubai's index surged in early trade, easing from a six-year low to track Saudi Arabia's Saturday gains, while other regional benchmarks also advanced. Dubai's measure climbed 5.2 per cent to 1,423 points, trimming its year-to-d More… |
