Monday 6 July 2015
 
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Gulf stocks

Gulf pulls back but stronger oil boosts Saudi petchems

Most Gulf stock markets pulled back on Monday after gaining strongly in the two previous sessions, but Saudi Arabia's petrochemicals sector rose after Brent crude oil climbed back above $60 per barrel. Oil rebounded in thin ho

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Gulf may stay firm on hopes for oil, Saudi budget

Gulf stock markets may stay firm on Monday after two days of strong gains, buoyed by hopes that oil prices have found at least a short-term floor and that Saudi Arabia will announce a 2015 budget that includes heavy government spending.

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Arabtec plunges again, drags Dubai down further

Dubai's bourse dropped sharply minutes after opening on Monday as shares in builder Arabtec plunged for a second day in a row. Arabtec tumbled its 10 percent daily limit while the Dubai index dropped 3.9 percent. Developer Uni

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UAE markets recover; earnings, dividends lift Saudi

Blue-chip banks and property-related stocks, led by Dubai construction firm Arabtec, lifted markets in the UAE on Sunday while earnings reports supported Saudi Arabia's bourse. Dubai's main index jumped 4.4 per cent as sha

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Dubai plunges as Gulf markets end worst quarter in years

Gulf stock markets ended their worst quarter in years on Monday as speculative bubbles continued to deflate in some stocks while the security crisis in Iraq and a lull in activity during the holy month of Ramadan dampened fresh buying.

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Arabtec plunge teaches hard lessons on Gulf stocks

The spectacular rise and fall of Arabtec, Dubai's most heavily traded stock, teaches hard lessons about how risky the region remains for investors even as its rapid economic growth lures billions of dollars in fresh funds from abroad.

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Gulf stocks bullish in 2014, but rises likely to slow

Gulf stock markets will stay bullish in 2014 but rises are likely to slow because valuations have become more expensive and there are threats to the strong economic outlook, fund managers say. US and European markets have regained

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Gulf stocks surge as Fed tapering adds fuel to fire

Gulf shares rose on Thursday after a modest stimulus trimming by the US Federal Reserve and gains on global markets added fuel to bullish local sentiment and Egypt's bourse also climbed. The region was never very vulnerable to

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Gulf stocks surge as Fed tapering adds fuel to fire

Gulf shares rose on Thursday after a modest stimulus trimming by the US Federal Reserve and gains on global markets added fuel to bullish local sentiment and Egypt's bourse also climbed. The region was never very vulnerable to

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Investors undeterred by Mena crises

Looking beyond the problems of a region beset by regime change in Egypt, a security crisis in Yemen and civil war in Syria, international investors are seeking out well-run businesses in Middle Eastern and even some North African stock markets.

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