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MIDEAST STOCKS Most major Gulf markets rise in early trade; #Qatar dips | Reuters

MIDEAST STOCKS Most major Gulf markets rise in early trade; Qatar dips | Reuters Most major stock markets in the Gulf rose in early trade on Monday, driven by gains in the financial sector, although Qatar bucked the trend to trade lower.Saudi Arabia's benchmark index (.TASI) gained 0.4%, with Al Rajhi Bank (1120.SE) rising 0.9% and Saudi Telecom Company (7010.SE) up 0.8%.The kingdom announced on Sunday that foreign visitors arriving by air from most countries will no longer need to quarantine ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, MSCI, Adi, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Al Rajhi Bank, First Abu Dhabi Bank FAB, Dubai Islamic Bank DISB DU


Mideast Stocks: #Saudi leads Gulf markets higher ahead of Eid holidays | ZAWYA MENA Edition

Most major stock markets in the Gulf ended higher on Monday in thin trade ahead of Eid al-Fitr holidays, with financials and petrochemical shares boosting the Saudi index.The benchmark index gained 0.9%, with petrochemical maker Saudi Basic Industries 2010.SE climbing 2.5%, while Al Rajhi Bank added 0.5%.The kingdom's economy shrank 3.3% in the first quarter from a year earlier, hit by oil output cuts, but the non-oil economy expanded 3.3%, recovering from the impact of the pandemic, flash gover...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Emirates NBD, Emaar, Air Arabia, Rupert Neil Bumfrey, General Authority for Statistics, Al Rajhi Bank, First Abu Dhabi Bank, Morgan Cazenove, Abu Dhabi National Oil Company for Distribution, Qatar National Bank The Gulf Arab


MIDEAST STOCKS IHC lifts #AbuDhabi as major Gulf markets end mixed | Reuters

MIDEAST STOCKS IHC lifts Abu Dhabi as major Gulf markets end mixed | Reuters Major Gulf stock markets were mixed on Thursday, with the Abu Dhabi index rising after aquaculture firm International Holding Company reported a higher quarterly profit.Abu Dhabi's index (.ADI) closed 0.6% higher with a weekly gain of 1.7%. International Holding (IHC.AD) was up 3.3%, boosting the index the most. The firm posted 1.5 billion dirhams of profit in the first quarter compared with 112.2 million dirhams ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Aramex, IHC, Tasi, Rupert Neil Bumfrey, Saudi Telecom, Abudhabi, Al Rajhi Bank, Gulf Egypt, Dana Gas DANA


Mideast Stocks: Banks, petrochemicals weigh on #Saudi; Agility boosts #Kuwait | ZAWYA MENA Edition

Mideast Stocks: Banks, petrochemicals weigh on Saudi; Agility boosts Kuwait | ZAWYA MENA Edition Saudi Arabian stocks closed lower on Wednesday, hit by losses in banking and petrochemical stocks, while the Kuwaiti index outperformed the Gulf region.Other major Gulf markets were largely muted.Saudi Arabia's benchmark index fell 0.7%, with Al Rajhi Bank losing 0.7% and chemical maker Saudi Basic Industries retreating 1.2%.Saudi Electricity declined 3.6% after the company said net loss attributab...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Kuwait, Gulf, Aramex, Rupert Neil Bumfrey, Saudi Basic Industries, Saudi Telecom, Dubai Islamic Bank, Saudi Electricity, Aldar Properties, Al Rajhi Bank, Qatar Navigation


Mideast Stocks: #Saudi index edges up as Aramco beats quarterly profit estimates | ZAWYA MENA Edition

Mideast Stocks: Saudi index edges up as Aramco beats quarterly profit estimates | ZAWYA MENA Edition Saudi Arabian stocks edged higher on Tuesday, after first-quarter profit from state oil producer Saudi Aramco beat forecasts, while other major Gulf markets closed mixed.Saudi Arabia's benchmark index ended up 0.1% as Al Rajhi Bank gained 0.4% and Aramco rose 0.7%.Aramco reported a 30% rise in first-quarter net profit to $21.7 billion, compared with analysts' expectations for $19.48 billion. Ar...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Aramco, Saudi Aramco, Mideast, Rupert Neil Bumfrey, Dubai Islamic Bank, Al Rajhi Bank, First Abu Dhabi Bank, Emirates NBD Bank, Riyad Bank Abu Dhabi


MIDEAST STOCKS Most major Gulf stocks gain in early trade, earnings support #AbuDhabi | Reuters

MIDEAST STOCKS Most major Gulf stocks gain in early trade, earnings support Abu Dhabi | Reuters Most major Gulf stock markets were slightly up in early trade on Monday, with Abu Dhabi gaining on corporate earnings, while Saudi Arabia was supported by project expansion announcements from Dr. Sulaiman Al-Habib Medical Services Group (4013.SE) and consumer food and beverages firm Almarai (2280.SE).Abu Dhabi's benchmark index (.ADI) was up 0.2% as Emirates Telecommunications Group (ETISALAT.AD) ad...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Emaar Properties, Tasi, Rupert Neil Bumfrey, Industries Qatar, Abudhabi, Al Rajhi Bank, Abu Dhabi Islamic Bank ADIB, Emirates Telecommunications Group Etisalat, Sulaiman Al Habib, Dubai Islamic Bank DISB DU


Mideast Stocks Head Warily Into May After April Gains: Inside EM - Bloomberg

Mideast Stocks Head Warily Into May After April Gains: Inside EM - Bloomberg Middle East stock markets were mixed as investors looked for direction on the first trading day of the month following gains in April.The main indexes in Kuwait, Oman and Dubai each rose 0.7% on Sunday, while the gauge in Abu Dhabi added 0.5%. Saudi Arabia’s Tadawul All Share Index led losses with a 0.5% retreat. Qatari and Israeli markets were little changed. Trading in Bahrain and Egypt was closed for holidays.Thoug...
Tags: Travel, Saudi Arabia, Opec, Qatar, Bloomberg, Egypt, Dubai, Abu Dhabi, Bahrain, Gulf, Riyadh, Mohammed bin Salman, Rupert Neil Bumfrey, Dubai Islamic Bank, Al Rajhi, Jabal Omar Development


Mideast Stocks: #Saudi bourse underperforms subdued Gulf markets | ZAWYA MENA Edition

Mideast Stocks: Saudi bourse underperforms subdued Gulf markets | ZAWYA MENA Edition Most stock markets in the Gulf ended lower on Thursday, with the Saudi index underperforming, dragged down by losses in its financial shares.Saudi Arabia's benchmark index .TASI dropped 1.1%, with Al Rajhi Bank 1120.SE and petrochemical firm Saudi Basic Industries 2010.SE both sliding 3%.On Wednesday, the Saudi index registered sharp gains after Crown Prince Mohammed bin Salman said the kingdom had no plans to...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Mohammed bin Salman, Aramex, Emaar Properties, Etisalat, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Michael Stark, Al Rajhi Bank, First Abu Dhabi Bank


MIDEAST STOCKS #Saudi leads major Gulf markets lower; #Dubai gains | Reuters

Most major stock markets in the Gulf fell on Thursday, with Saudi shares leading the declines, although the Dubai bourse bucked the trend on support from property stocks.Saudi Arabia's benchmark index (.TASI) dropped 1%, dragged down by a 2.2% fall in Al Rajhi Bank (1120.SE) and a 3.1% slide in the Saudi National Bank (1180.SE), the kingdom's largest lender.On Wednesday, the Saudi index registered sharp gains after the country's Crown Prince Mohammed bin Salman said the kingdom had no plans to i...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Ooredoo, Gulf, Reuters, Mohammed bin Salman, Adi, Dana Gas, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, First Abu Dhabi Bank, Dana Gas DANA


MIDEAST STOCKS Banks buoy #Saudi index; other major Gulf bourses dip | Reuters

MIDEAST STOCKS Banks buoy Saudi index; other major Gulf bourses dip | Reuters Saudi Arabia's stock market outperformed the region on Wednesday, boosted by gains in financial shares, while other major Gulf markets ended lower.Saudi Arabia's Crown Prince Mohammed bin Salman said on Tuesday the kingdom had no plans to introduce income tax and a decision last July to triple value-added tax to 15% was temporary. read moreThe country had tripled VAT to offset the impact of lower oil revenue on s...
Tags: Travel, Indonesia, Saudi Arabia, United Arab Emirates, Abu Dhabi, Gulf, Reuters, Aramco, Mohammed bin Salman, Adi, Reuters Saudi Arabia, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, QSI, Al Rajhi Bank


MIDEAST STOCKS #Saudi shares gain as major Gulf markets ease | Reuters

Saudi Arabia's stock market traded higher on Wednesday, on track to extend gains for a fifth session, while other major Gulf markets were subdued in early trade.The kingdom's benchmark index (.TASI) gained 0.7%, buoyed by a 0.9% gain in Al Rajhi Bank (1120.SE) and a 1.5% rise in petrochemical maker Saudi Basic Industries. (2010.SE)Among others, Rabigh Refining and Petrochemical Company (2380.SE) surged 10%, after the firm posted quarterly net profit.Saudi Arabia's Crown Prince Mohammed bin Salma...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Mohammed bin Salman, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, QSI, Al Rajhi Bank, First Abu Dhabi Bank, Emirates NBD ENBD


MIDEAST STOCKS Most major Gulf bourses gain on corporate earnings | Reuters

MIDEAST STOCKS Most major Gulf bourses gain on corporate earnings | Reuters Major stock markets in the Gulf closed higher on Monday, with the Saudi index leading gains after a slew of strong corporate earnings.Saudi Arabia's benchmark index (.TASI) rose 0.9%, boosted by a 1.8% gain in Al Rajhi Bank (1120.SE) and a 8.9% surge in Bank Al Jazira (1020.SE), which reported an increase in its quarterly net profit.Elsewhere, Saudi National Bank (SNB) (1180.SE) closed 0.9% higher. The kingdom's lar...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, Tasi, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, QSI, NMC Health, Al Rajhi Bank


Mideast Stocks: #Saudi, #Qatar indexes up on corporate earnings; others dip | ZAWYA MENA Edition

Mideast Stocks: Saudi, Qatar indexes up on corporate earnings; others dip | ZAWYA MENA EditionMost major Gulf stock markets traded mixed early on Monday, with a slew of corporate earnings driving shares in Saudi and Qatar higher.Saudi Arabia's benchmark index gained 0.1%, helped by a 0.3% rise in Al Rajhi Bank and a 0.6% increase in Saudi National Bank (SNB).SNB, the kingdom's largest lender, posted a 20.3% rise in first-quarter net profit on Monday with lower impairments and higher fees, in a s...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Mena, Emirates NBD, Etisalat, Abu Dhabi Commercial Bank, Dubai Financial Market, Rupert Neil Bumfrey, ADCB, NMC Health, Al Rajhi Bank


MIDEAST STOCKS Q1 earnings boost most Gulf markets; Egypt retreats | Reuters

MIDEAST STOCKS Q1 earnings boost most Gulf markets; Egypt retreats | Reuters Most Gulf stock markets ended higher on Thursday, led by a slew of corporate earnings, while Egypt was hit by a blue-chip sell-off.Saudi Arabia's benchmark index (.TASI) closed up 0.4%, with Al Rajhi Bank (1120.SE) rising 0.8%, extending gains from the previous session when it reported first-quarter earnings.The kingdom's biggest Islamic lender said net profit in the three months ended March 31 rose to 3.34 billi...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Abu Dhabi, Uae, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, Gulf Egypt, First Abu Dhabi Bank, Commercial International Bank COMI, Aldar Properties ALDAR, Reuters Most Gulf


#SaudiArabia's Al Rajhi Bank reports 40% increase in Q1 | ZAWYA MENA Edition

Saudi Arabia's Al Rajhi Bank reports 40% increase in Q1 | ZAWYA MENA Edition Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 40.1 % rise in net profit, boosted by an increase in financing and investment income.Saudi Arabia's biggest Islamic lender said net profit in the three months ended March 31 to 3.34 billion riyals ($890.60 million). It made net profit of 2.38 billion riyals in the same period year earlier.Al Rajhi, which has traditionally focused on consumer banki...
Tags: Travel, Saudi Arabia, Rupert Neil Bumfrey, Al Rajhi, Al Rajhi Bank, MENA Edition Al Rajhi Bank Saudi Arabia


MIDEAST STOCKS Major Gulf indexes make mixed start, with #Qatar gaining | Reuters

MIDEAST STOCKS Major Gulf indexes make mixed start, with Qatar gaining | ReutersMajor Gulf share markets were mixed on Monday, with the Qatari index boosted by Commercial Bank (COMB.QA), while Saudi Arabia's benchmark index (.TASI) slipped 0.4%.In the Saudi market, Al Rajhi Bank (1120.SE) fell 0.5%, while Saudi National Bank (1180.SE), the kingdom's largest lender, retreated 1.7% and Arriyadh Development (4150.SE) dropped 2.4%, as the stock went ex-dividend.However, Yanbu National Petrochemicals...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Commercial Bank, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, Emirates NBD Bank ENBD, International Holding, International Holding IHC, Saudi National Bank


MIDEAST STOCKS Major Gulf markets end mixed; blue-chips buoy Egypt | Reuters

MIDEAST STOCKS Major Gulf markets end mixed; blue-chips buoy Egypt | ReutersMajor Gulf stock markets ended mixed on Sunday, with Qatar registering sharp losses following a surge in the previous session when it removed a cap on foreign ownership, while blue-chip Egyptian shares boosted the main index.Saudi Arabia's benchmark index (.TASI) finished up 0.6%, extending gains from the previous day, with Saudi Telecom Company (7010.SE) rising 1.7%, while Al Rajhi Bank (1120.SE) was up 0.3%.Meanwhile, ...
Tags: Travel, Washington, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Tehran, Yemen, Gulf, Reuters, Emaar, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Al Rajhi Bank


MIDEAST STOCKS Most major Gulf markets rise; #Qatar dips | Reuters

MIDEAST STOCKS Most major Gulf markets rise; Qatar dips | ReutersMost major stock markets in the Gulf rose in early trade on Sunday, with property shares boosting the Dubai index, although Qatar bucked the trend to trade lower.Saudi Arabia's benchmark index (.TASI) added 0.6%, with Al Rajhi Bank (1120.SE) rising 1.4% and SABIC Agri-Nutrients Co (2020.SE) advancing 3.9%.Elsewhere, Bank Albilad (1140.SE) climbed 1%, as the lender completed a 3 billion riyal sukuk offering.Dubai's main share index ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Commercial Bank, Emaar, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, Emaar Properties EMAR DU, Emaar Properties Dubai, Industries Qatar IQCD QA, SABIC Agri Nutrients Co


#Qatar shares outperform as cap on foreign ownership removed | Reuters

Qatar shares outperform as cap on foreign ownership removed | ReutersMajor Gulf stock markets registered sharp gains on Thursday, boosted by financials, with Qatar outperforming the region after it approved a bill to allow non-Qatari investors to own up to 100% of listed companies’ capital.In Qatar, the benchmark closed 2.8% higher, its biggest intraday gain since last April, with banks leading the gains.Qatar Islamic Bank leapt 8.3%, and Commercial Bank surged 10%, to become the top gainer on t...
Tags: Travel, Saudi Arabia, America, Qatar, United Arab Emirates, Dubai, Jp Morgan, Goldman Sachs, Abu Dhabi, Uae, Reuters, Emaar Properties, Commercial Bank, Qatar Islamic Bank, Air Arabia, Rupert Neil Bumfrey


#Qatar stocks outperform as cap on foreign ownership removed | Reuters

Qatar stocks outperform as cap on foreign ownership removed | ReutersQatari shares rose sharply early on Thursday, following approval of a bill by the Gulf state’s cabinet that will allow non-Qatari investors to own up to 100% of listed companies’ capital.In Qatar, the benchmark advanced 2.5%, its biggest intraday gain since April last year, with banks leading the gains.Qatar Islamic Bank gained 6%, while Commercial Bank surged 10%, to become the top gainer on the index.The cabinet also decided ...
Tags: Travel, Saudi Arabia, Qatar, Iran, United Arab Emirates, Dubai, Abu Dhabi, Yemen, Gulf, Reuters, Saudi Aramco, Jazan, Emaar Properties, Commercial Bank, Qatar Islamic Bank, Air Arabia


#Qatar leads major Gulf markets higher; Egypt retreats | Reuters

Qatar leads major Gulf markets higher; Egypt retreats | ReutersMajor Gulf stock markets ended higher on Wednesday amid rising oil prices on revised oil demand forecasts, while Egypt was hit by a blue-chip sell-off.The International Energy Agency (IEA) predicted global oil demand and supply would rebalance in the second half of the year and that producers may then need to pump an additional 2 million barrels per day to meet the expected demand.Brent crude futures rose $1.01, or 1.59%, to $64.68 a...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Emirates NBD, International Energy Agency IEA, Riyad Bank, Qatar Islamic Bank, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey


Financials drag major Gulf markets lower | Reuters

Financials drag major Gulf markets lower | ReutersMajor stock markets in the Gulf ended lower on Tuesday, as financial shares dropped after the International Monetary Fund warned of rising debt risks in the coronavirus-hit Middle East.The IMF said on Sunday that countries in the Middle East and Central Asia need to curb their financing requirements, as a surge in government debt, exacerbated by the pandemic, threatens recovery prospects.Lower demand and a slump in commodity prices eroded state f...
Tags: Travel, Saudi Arabia, Qatar, Middle East, United Arab Emirates, Dubai, International Monetary Fund, Abu Dhabi, Imf, Gulf, North Africa, Reuters, Central Asia, Emirates NBD, Qatar Islamic Bank, Rupert Neil Bumfrey


Most Gulf markets ease in early trade | Reuters

Most Gulf markets ease in early trade | ReutersMost stock markets in the Gulf fell in early trade on Tuesday, pressured by losses in their banking shares as the International Monetary Fund warns on rising debt risks in virus-hit Middle East.The IMF said on Sunday countries in the Middle East and Central Asia need to curb their financing requirements, as a surge in government debt, exacerbated by the pandemic, threatens recovery prospects.Lower demand and a slump in commodity prices eroded state ...
Tags: Travel, Saudi Arabia, Qatar, Middle East, United Arab Emirates, Dubai, International Monetary Fund, Imf, Gulf, North Africa, Reuters, Central Asia, Rupert Neil Bumfrey, Abu Dhabi Islamic Bank, Al Rajhi Bank, First Abu Dhabi Bank


Most major Gulf markets fall; #AbuDhabi gains | Reuters

Most major Gulf markets fall; Abu Dhabi gains | ReutersMost major stock markets in the Gulf ended lower on Monday, with the Saudi index pressured by its financial shares, while Abu Dhabi bucked the trend.Saudi Arabia’s benchmark index slipped 0.3%, hit by a 1.5% fall in Al Rajhi Bank and a 2.2% decrease in Saudi National Bank, the kingdom’s largest lender.Yemen’s Iran-aligned Houthi movement said on Monday it had fired 17 drones and two ballistic missiles at targets in Saudi Arabia, including Sa...
Tags: Travel, Saudi Arabia, Qatar, Iran, Dubai, Abu Dhabi, Yemen, Jeddah, Gulf, Reuters, Emaar Properties, Commercial Bank, QNB, Emaar, Rupert Neil Bumfrey, Industries Qatar


Major Gulf markets end mixed; financials weigh on #Saudi | Reuters

Major Gulf markets end mixed; financials weigh on Saudi | ReutersMajor stock markets in the Gulf ended mixed on Sunday, with the Saudi index pressured by financial shares amid falling oil prices, while Dubai was supported by property stocks.Oil prices settled lower on Friday and lost around 2% on the week as production increases and renewed COVID-19 lockdowns in some countries offset optimism about a recovery in fuel demand. [O/R]Moves in oil prices are a key catalyst for the Gulf region’s finan...
Tags: Travel, Saudi Arabia, Middle East, Dubai, Abu Dhabi, Gulf, Reuters, Al Arabiya, Emaar Properties, Etisalat, QNB, Emaar, Rupert Neil Bumfrey, Industries Qatar, Mohamed Alabbar, Qatar National Bank QNB


Mideast Stocks: Most major Gulf markets fall; #Dubai gains | ZAWYA MENA Edition

Mideast Stocks: Most major Gulf markets fall; Dubai gains | ZAWYA MENA EditionStock markets in the Gulf slipped on Sunday after oil prices fell at the end of last week, although Dubai bucked the trend to trade higher.Oil prices settled lower on Friday and lost around 2% on the week as production increases and renewed COVID-19 lockdowns in some countries offset optimism about a recovery in fuel demand.The movement in oil prices is a key catalyst for the Gulf region's financial markets.Saudi Arabi...
Tags: Travel, Saudi Arabia, Qatar, Middle East, Dubai, Abu Dhabi, Gulf, Saudi Aramco, Mideast, Emaar Properties, Rupert Neil Bumfrey, EIG Global Energy Partners, Al Rajhi Bank, Abu Dhabi National Oil Company Adnoc, Qatar Electricity and Water, Gulf Pharmaceutical Industries


Most Middle East markets fall; #Dubai gains over 1% | Reuters

Most Middle East markets fall; Dubai gains over 1% | ReutersMost Gulf stock markets were down on Thursday, with Saudi Arabia’s benchmark index nearly flat, but Dubai index rose over 1%.Crude prices fell after official data showed a big jump in U.S. gasoline stocks, sparking concerns about demand weakening in the world’s biggest oil consumer as crude supplies around the world rise. [O/R]Gains in the financial sector in Saudi Arabia were offset by losses in industrials and materials, with the inde...
Tags: Travel, Saudi Arabia, Middle East, Dubai, International Monetary Fund, Abu Dhabi, Gulf, Reuters, Emaar Properties, Rupert Neil Bumfrey, Al Rajhi Bank, First Abu Dhabi Bank, Emirates NBD Bank, ReutersMost Gulf, Saudi Cement, Dubai Bank Emaar Development


Most major Gulf markets gain; #Qatar eases | Reuters

Most major Gulf markets gain; Qatar eases | ReutersMost major stock markets rose in early trade on Monday, with Abu Dhabi index leading the gains, although Qatar traded lower.Saudi Arabia’s benchmark index rose 0.2%, with Al Rajhi Bank gaining 0.2%, while Saudi Arabian Mining Company advanced 1.2%.Saudi Arabia increased the price of its Arab light crude for the Asian market by $0.4/barrel in May, compared to April, and lowered those for the U.S. and European markets by $0.1/barrel and $0.2/barre...
Tags: Travel, Saudi Arabia, Iraq, Wam, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Aramex, Qatar National Bank, Qatar Islamic Bank, Mustafa al Kadhimi, Rupert Neil Bumfrey


MIDEAST STOCKS- #Saudi shares outperform on $1.3 trillion private investment push | Nasdaq

Saudi Arabia's stock market rose sharply on Wednesday, after the country announced a huge investment push led by Aramco and SABIC, while other major Gulf markets were mixed.The kingdom's crown prince said oil firm Aramco and petrochemical firm SABIC would lead 5 trillion riyals ($1.3 trillion) of investments by the local private sector by 2030 under a programme announced on Tuesday for economic diversification.This is part of 12 trillion riyals worth of investments planned by 2030, Crown Prince ...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Aramco, Mohammed bin Salman, SABIC, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, DFMGI, Emaar Properties EMAR DU, Commercial Bank COMB QA, However Aamal Company AHCS QA


#Saudi shares gain ahead of OPEC+ meeting; other markets little changed | Reuters

Saudi shares gain ahead of OPEC+ meeting; other markets little changed | ReutersSaudi Arabia’s stock market rose sharply on Wednesday, amid rising oil prices as investors bet OPEC and its allies would largely agree to extend their supply curbs, while other major Gulf markets were little changed in early trade.The kingdom’s benchmark index advanced 1.5%, buoyed by a 2% rise in Al Rajhi Bank and a 2.5% increase in petrochemical maker Saudi Basic Industries.OPEC and its allies, together called OPEC...
Tags: Travel, Europe, India, Opec, Qatar, Dubai, Brazil, Gulf, Reuters, Emirates NBD, Qatar Islamic Bank, Rupert Neil Bumfrey, United States Saudi Arabia, Al Rajhi Bank, Saudi Basic Industries OPEC



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