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MIDEAST STOCKS-Major Gulf markets end mixed; #AbuDhabi snaps winning streak | Nasdaq

MIDEAST STOCKS-Major Gulf markets end mixed; Abu Dhabi snaps winning streak | NasdaqMajor stock markets in the Gulf ended mixed on Wednesday, with the Abu Dhabi index ending its run of gains, while Saudi Arabia was lifted by its financial shares.The Saudi benchmark index .TASI rose 0.3%, helped by a 5.7% gain in Banque Saudi Fransi 1050.SE and a 3.3% increase in Dr Sulaiman Al-Habib Medical Services 4013.SE.However, petrochemical firm Saudi Basic Industries Corp (SABIC) 2010.SE eased 0.3%.SABIC ...
Tags: Travel, Saudi Arabia, Wam, Qatar, Hsbc, United Arab Emirates, Dubai, Abu Dhabi, Morgan Stanley, Uae, Gulf, Reuters, Adi, SABIC, Tasi, Rupert Neil Bumfrey


Air Arabia in talks with government for funding, CEO says | Reuters #UAE

Air Arabia in talks with government for funding, CEO says | Reuters United Arab Emirates-listed Air Arabia AIRA.DU is in talks with the government over financial assistance to help it get through the coronavirus crisis, its chief executive said on Wednesday.Asked if the budget carrier would need interim funding from the government, CEO Adel Ali told a virtual CAPA aviation summit: “We have put a request in. If it comes, we will be very happy. It will help us to pay some of our outstanding quicke...
Tags: Travel, Capa, Reuters United Arab Emirates, Air Arabia, Rupert Neil Bumfrey, Adel Ali, Reuters UAE, Air Arabia AIRA DU


MIDEAST STOCKS-Saudi extends gains as oil rises on vaccine cheer; Dubai, Qatar struggle | Nasdaq

MIDEAST STOCKS-Saudi extends gains as oil rises on vaccine cheer; Dubai, Qatar struggle | Nasdaq Saudi shares on Wednesday traded higher as crude prices gained on hopes of an effective COVID-19 vaccine, while Dubai and Qatar markets lost steam after two consecutive sessions of solid gains.Oil prices climbed more than 1%, after an industry report showed U.S. crude inventories dropped more than expected, while vaccine hopes continued to bolster sentiment. O/RCrude stockpiles fell by 5.1 million ba...
Tags: Travel, Qatar, Middle East, Dubai, Abu Dhabi, Kuwait, Reuters, Adi, Emaar, Tasi, Rupert Neil Bumfrey, Emaar Malls, Dubai Qatar, Al Rajhi Bank, First Abu Dhabi Bank, Abu Dhabi Islamic Bank ADIB



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