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#Saudi index hits 15-year peak; Egypt falls on profit-taking | Reuters

Saudi index hits 15-year peak; Egypt falls on profit-taking | Reuters Saudi Arabia closed at a more than 15-year high on Tuesday as crude prices resumed gains, while the Egyptian bourse retreated as investors booked profits following a recent rally.Brent crude was up 65 cents, or 0.8%, to $84.98 a barrel by 1206 GMT as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns.Saudi Arabia's benchmark index (.TASI) r...
Tags: Travel, Saudi Arabia, China, Qatar, Egypt, United Arab Emirates, Dubai, Oman, Abu Dhabi, Kashmir, Doha, Reuters, Adi, Jammu, Tasi, Etihad Etisalat


#AbuDhabi outperforms Gulf markets; Saudi retreats | Reuters

Abu Dhabi outperforms Gulf markets; Saudi retreats | Reuters Most stock markets in the Gulf ended higher on Monday, mirroring strong oil prices, although the Saudi index snapped a four-day winning streak on profit taking.Oil prices hit multi-year highs buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation.Saudi Arabia's benchmark index (.TASI) eased 0.1%, hit by a 1.5% fall in petrochemical maker Saudi Basic...
Tags: Travel, Saudi Arabia, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Bahrain, Gulf, Reuters, Qatar National Bank, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, First Abu Dhabi Bank FAB, Emirates Telecommunications Group Etisalat, Commercial International Bank COMI


#Saudi index hits multi-year peak as Gulf bourses end higher | Reuters

Saudi index hits multi-year peak as Gulf bourses end higher | Reuters Major stock markets in the Gulf ended higher on Sunday amid strong oil prices, with the Saudi index hitting a multi-year peak as the country eased coronavirus curbs.The kingdom is rolling back COVID-19 restrictions from Oct. 17 in response to a sharp drop in daily infections and a considerable development in vaccinations. read moreSaudi Arabia has also lifted social distancing measures and will allow full-capacity attend...
Tags: Travel, Saudi Arabia, Dubai, Mecca, Abu Dhabi, Medina, Gulf, Reuters, Reuters Major, Grand Mosque, IHC, Suhail Al Mazrouei, Tasi, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, QSI


MIDEAST STOCKS Most Gulf exchanges track oil prices higher | Reuters

MIDEAST STOCKS Most Gulf exchanges track oil prices higher | Reuters Most stock markets in the Gulf ended higher on Thursday amid rising oil prices, with oil behemoth Saudi Aramco nearing a $2 trillion valuation.Oil prices rose by about 1% after the International Energy Agency said that record natural gas prices would boost demand for oil and top oil producer Saudi Arabia dismissed calls for additional OPEC+ supply.Saudi Arabia's benchmark index (.TASI) closed 0.6% higher, with Yanbu Natio...
Tags: Travel, Europe, Saudi Arabia, Opec, Egypt, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Saudi Aramco, International Energy Agency, Adi, Middle East Africa, Tasi, Rupert Neil Bumfrey


MIDEAST STOCKS Major stock markets track oil prices higher | Reuters

MIDEAST STOCKS Major stock markets track oil prices higher | Reuters Major stock markets in the Gulf rose on Tuesday with higher oil prices, with the Abu Dhabi index extending gains for a third consecutive session.Oil headed towards $84 a barrel and was within sight of a three-year high as a rebound in global demand contributes to energy shortages in big economies such as China.Saudi Arabia's benchmark index (.TASI) finished 0.3% higher, led by a 0.8% gain in Al Rajhi Bank (1120.SE) and a ...
Tags: Travel, Qatar, Abu Dhabi, Reuters, Riyadh, Aramco, China Saudi Arabia, Reuters Major, IHC, Emaar, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, Gulf Egypt, Acwa Power International, Emaar Properties EMAR DU


MIDEAST STOCKS Major Gulf bourses end mixed; ACWA Power surges on debut | Reuters

MIDEAST STOCKS Major Gulf bourses end mixed; ACWA Power surges on debut | Reuters Major stock markets in the Gulf ended mixed on Monday, with the Saudi index extending losses from the previous session.Saudi Arabia's benchmark index (.TASI) dropped 0.5%, with Dr Sulaiman Al-Habib Medical Services (4013.SE) declining 1.1%, while Al Rajhi Bank (1120.SE) was down 0.2%.The Saudi stock market fell as traders took profits after the main index reached a new interim high, said Wael Makarem, senior ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Saudi Aramco, ACWA Power, Reuters Major, QNB, Tasi, Rupert Neil Bumfrey, QSI, Qatar National Bank QNB, Al Rajhi Bank


MIDEAST STOCKS #Saudi snaps 4-day winning streak as Gulf bourses end mixed | Reuters

MIDEAST STOCKS Saudi snaps 4-day winning streak as Gulf bourses end mixed | Reuters Major stock markets in the Gulf ended mixed on Sunday, with the Saudi index giving up early gains to close 0.2% lower, snapping a four-session winning streak.On Saudi Arabia's benchmark index (.TASI), Saudi Telecom Company (7010.SE) fell 1.3%, while SABIC Agri-Nutrients Co (2020.SE) retreated 2.2%.Among other losers, Almarai (2280.SE) declined 2.2% after the Gulf's largest dairy company reported a quarterly...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Cbre, Gulf, Reuters, Adi, Reuters Major, IHC, Qatar National Bank, CBRE Group, Rupert Neil Bumfrey, QSI, Gulf Egypt


MIDEAST STOCKS #Saudi index at 14-year high, other gulf indexes mixed | Reuters

MIDEAST STOCKS Saudi index at 14-year high, other gulf indexes mixed | Reuters Saudi Arabia's stock market edged up to its highest in nearly 14 years on Wednesday as oil prices rose, while performances across other major Gulf bourses were mixed.Oil hit a multi-year high above $83 a barrel, supported by an OPEC+ refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally.Saudi Arabia's benchmark index (.TASI) was 0.1% higher, with Al Rajhi Ban...
Tags: Travel, Saudi Arabia, Opec, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Qatar National Bank, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Al Rajhi Bank, Gulf Egypt, First Abu Dhabi Bank FAB, Emirates Telecommunications Group Etisalat


MIDEAST STOCKS Major Gulf bourses end mixed as global recovery concerns weigh | Reuters

MIDEAST STOCKS Major Gulf bourses end mixed as global recovery concerns weigh | Reuters Major stock markets in the Gulf region ended mixed on Monday, amid concerns about a recovery in the global economy, although rising oil prices provided some support.GCC stock markets moved in different directions as investors remain worried about the global economic slowdown and how more durable inflation will have an impact on monetary policy, said Wael Makarem, senior market strategist at Exness.World...
Tags: Travel, China, Opec, GCC, Oman, Abu Dhabi, Gulf, Reuters, Reuters Major, Qatar National Bank, Emaar, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt


MIDEAST STOCKS Most Gulf bourses in the red; #AbuDhabi edges up | Reuters

MIDEAST STOCKS Most Gulf bourses in the red; Abu Dhabi edges up | Reuters Most stock markets in the Gulf ended lower on Tuesday, extending losses from the previous session, amid concerns about contagion from the distress of debt-saddled Chinese developer Evergrande.The Chinese government is expected to step in to prevent any large shocks related to Evergrande, while worries about the economic slowdown and pandemic linger, said Wael Makarem, senior market strategist at Exness.Dubai's main s...
Tags: Travel, Saudi Arabia, Qatar, Abu Dhabi, Gulf, Reuters, Red Sea, IHC, Evergrande, Tasi, Rupert Neil Bumfrey, QSI, Gulf Egypt, Commercial International Bank COMI, Emaar Properties EMAR, Mesaieed Petrochemical MPHC


MIDEAST STOCKS #AbuDhabi bourse hits record high; #Saudi snaps 5-day rally | Reuters

MIDEAST STOCKS Abu Dhabi bourse hits record high; Saudi snaps 5-day rally | Reuters Abu Dhabi stocks closed at an all-time high on Thursday, buoyed by a jump in First Abu Dhabi Bank (FAB), while the Saudi bourse snapped a five-day winning streak.In Abu Dhabi, the index (.ADI) advanced 1.2%, boosted by a 4.8% rise in the United Arab Emirates' largest lender FAB (FAB.AD), which said on Wednesday it had hired Martin Tricaud as head of investment banking. read moreThe appointment should gi...
Tags: Travel, Europe, Qatar, United States, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, U S Energy Information Administration, Riyad Bank, Reuters Abu Dhabi, Tasi, Rupert Neil Bumfrey, QSI


MIDEAST STOCKS Saudi Telecom aids #Saudi bourse; blue-chip selloff dents Egypt | Reuters

MIDEAST STOCKS Saudi Telecom aids Saudi bourse; blue-chip selloff dents Egypt | Reuters Major stock markets in the Gulf were mixed on Sunday, with the Saudi index extending gains from the previous session, while Egyptian stocks retreated due to a broad selloff in blue-chip shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, helped by a 1.7% rise in Saudi Telecom Company (STC) (7010.SE) after its unit Arabian Internet and Communications Services Co set an indicative price range for...
Tags: Travel, Budget, Saudi Arabia, Iran, Egypt, Pakistan, United Arab Emirates, Abu Dhabi, Yemen, Jeddah, Gulf, Reuters, Aramco, Red Sea, ACWA Power, Reuters Major


MIDEAST STOCKS #Dubai index at highest in over 2 years; #Saudi dips | Reuters

MIDEAST STOCKS Dubai index at highest in over 2 years; Saudi dips | Reuters Dubai's stocks closed at their highest level in over two years on Wednesday, bolstered by gains in real estate shares, while the Saudi index ended three sessions of gains ahead of the OPEC+ meet.Dubai's main share index (.DFMGI) gained 0.5%, with its biggest listed property firm Emaar properties (EMAR.DU) rising 1.4%, while its unit Emaar Malls (EMAA.DU), operator of glitzy Middle East shopping centers, advanced ...
Tags: Travel, Russia, Opec, Middle East, Dubai, Abu Dhabi, Uae, Namshi, Reuters, Tadawul, SPAC, Adi, Emaar Properties, Petroleum Exporting Countries OPEC, Emaar, Tasi


MIDEAST STOCKS #Saudi market shrugs off China data as most Gulf bourses retreat | Reuters

MIDEAST STOCKS Saudi market shrugs off China data as most Gulf bourses retreat | Reuters Saudi Arabia's stock market outperformed its regional peers on Tuesday, while most other Gulf bourses remained pressured on worries about China's slowing economic growth.GCC bourses were under the weight of international economic concerns. The Chinese manufacturing index is softer than expected signalling a slowing economy and U.S. consumer confidence in the economy is expected to be a little lower, sa...
Tags: Travel, Saudi Arabia, China, Iraq, Qatar, Iran, GCC, Dubai, Abu Dhabi, Baghdad, Gulf, Reuters, Reuters Saudi Arabia, Emaar, Tasi, Saudi Telecom Company


MIDEAST STOCKS Most Gulf bourses follow global shares higher | Reuters

Most stock markets in the Gulf settled higher on Monday, building on gains from the previous session as global shares hovered around record highs on signs the Fed won't rush to wind down its massive stimulus.Gains in world stock markets helped lift investor confidence in the Gulf, said Daniel Takieddine, senior market analyst at FXPrimus.Underpinning positive sentiment in global equity markets was Friday's Jackson Hole speech by U.S. Federal Reserve Chair Jerome Powell in which he said taper...
Tags: Travel, Russia, Opec, Dubai, Abu Dhabi, Gulf, Fed, Reuters, Adi, Jerome Powell, U S Federal Reserve Chair, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Industries Qatar, Gulf Egypt


MIDEAST STOCKS Most major Gulf bourses fall; oil lifts #Saudi stocks | Reuters

MIDEAST STOCKS Most major Gulf bourses fall; oil lifts Saudi stocks | Reuters Most major stock markets in the Gulf ended lower on Wednesday, after weak economic data from Germany, Europe's biggest economy.In Abu Dhabi, the index (.ADI) fell 0.2%, weighed down by a 0.5% fall in Emirates Telecommunications Group (ETISALAT.AD) and a 1% decline in Alpha Dhabi Holdings (ALPHADHABI.AD)."Investor sentiment remains cautious and exposed to any doubts regarding the (global) economy," said Wael Makar...
Tags: Travel, Europe, Saudi Arabia, Qatar, Turkey, Dubai, Brent, Federal Reserve, Abu Dhabi, Gulf, Reuters, Riyad Bank, Tasi, Germany Europe, Rupert Neil Bumfrey, QSI


MIDEAST STOCKS Most major Gulf bourses fall on fed taper, virus fears | Reuters

MIDEAST STOCKS Most major Gulf bourses fall on fed taper, virus fears | Reuters Most major stock markets in the Gulf ended lower on Thursday amid concerns about the continuing spread of the Delta coronavirus variant and Fed tapering, while banks bolstered the Qatari index."GCC equities were affected by the US Federal Reserve's minutes publication. The release revealed diverging opinions among its members regarding various topics, however, they were all in tune regarding the necessity to st...
Tags: Travel, Saudi Arabia, GCC, Dubai, Abu Dhabi, Gulf, Fed, Reuters, Us Federal Reserve, Commercial Bank, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, QSI, Gulf Egypt, Masraf Al Rayan


MIDEAST STOCKS Major Gulf markets gain, #AbuDhabi hits record high | Reuters

MIDEAST STOCKS Major Gulf markets gain, Abu Dhabi hits record high | Reuters Most major stock markets in the Gulf rebounded on Tuesday, with the Abu Dhabi index touching an all-time high boosted by gains in telecoms firm Etisalat.Saudi Arabia's benchmark index (.TASI) gained 0.6%, buoyed by a 1% rise in Al Rajhi Bank (1120.SE) and a 2.8% increase in Dr Sulaiman Al-Habib Medical Services (4013.SE). Oil behemoth Saudi Aramco (2222.SE) was up 0.7%.Saudi Aramco is looking to raise at least $...
Tags: Travel, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Saudi Aramco, Qatar National Bank, Tasi, Rupert Neil Bumfrey, QSI, Abudhabi, Al Rajhi Bank, Gulf Egypt, Commercial International Bank COMI


MIDEAST STOCKS Banking shares bolster most Gulf markets | Reuters

Major stock markets in the Gulf ended higher on Sunday, largely driven by gains in financial companies and led by Saudi Arabia.Saudi Arabia's benchmark index (.TASI) rose 0.3%, with Al Rajhi Bank (1120.SE) and petrochemical maker Saudi Basic Industries Corp (2010.SE) both gaining 0.7%.Shares of financial and energy companies in the Gulf have both benefited from recent gains in oil prices.Elsewhere, Saudi Arabian supermarket group BinDawood Holding (4161.SE) finished 0.4% higher despite an alm...
Tags: Travel, Israel, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Johnson Johnson, Saudi Arabia Saudi Arabia, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt


MIDEAST STOCKS #AbuDhabi hits record high as IHC extends gains | Reuters

MIDEAST STOCKS Abu Dhabi hits record high as IHC extends gains | Reuters Abu Dhabi stocks closed at a record high on Wednesday, lifted by extended gains in International Holding (IHC) after the conglomerate delivered strong first-half numbers earlier this week.In Abu Dhabi, the benchmark index (.ADI) gained 0.5%.IHC (IHC.AD) gained about 10% so far this week after the company reported a net profit of 4.36 billion dirhams ($1.19 billion) for the period ended June 30, up from 814 million dir...
Tags: Travel, Post, Saudi Arabia, Dubai, Abu Dhabi, Reuters, Adi, IHC, Reuters Abu Dhabi, Emaar, Rupert Neil Bumfrey, Abudhabi, Al Rajhi Bank, Gulf Egypt, Emirates NBD ENBD, DFMGI


MIDEAST STOCKS Major Gulf bourses ease, banks buoy #Saudi index | Reuters

MIDEAST STOCKS Major Gulf bourses ease, banks buoy Saudi index | Reuters Dubai's share index ended an eight-session winning streak on Tuesday and most other major stock markets in the Gulf also retreated, but the Saudi market rose thanks to gains in banks.Saudi Arabia's benchmark index advanced 0.9%, with Saudi National Bank (1180.SE) rising 3.5%, a day after the country's largest lender proposed a cash dividend of 0.65 riyal per share for the first half.Among other gainers, Dallah Healthc...
Tags: Travel, Saudi Arabia, Egypt, Oxford, Dubai, Gulf, Reuters, Johnson Johnson, Commercial Bank, Rupert Neil Bumfrey, QSI, Reuters Dubai, Gulf Egypt, First Abu Dhabi Bank, Commercial International Bank COMI, Dubai Islamic Bank DISB DU In Abu Dhabi


MIDEAST STOCKS Major Gulf bourses gain, #Saudi Aramco's Q2 profit surges | Reuters

MIDEAST STOCKS Major Gulf bourses gain, Saudi Aramco's Q2 profit surges | Reuters Major stock markets in the Gulf ended higher on Sunday, helped by a slew of corporate earnings, with the Abu Dhabi index closing at a new record high.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, with Al Rajhi Bank (1120.SE) gaining 0.7% and Dr Sulaiman Al-Habib Medical Services (4013.SE) advancing over 2% following an increase in quarterly net profit.The healthcare firm also proposed a cash dividend ...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, MPC, Kuwait, Gulf, Reuters, Aramco, Saudi Aramco, Aramex, Reuters Major, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey


MIDEAST STOCKS #AbuDhabi hits record high again; other major Gulf markets mixed | Reuters

MIDEAST STOCKS Abu Dhabi hits record high again; other major Gulf markets mixed | Reuters Major stock markets in the Gulf ended mixed on Monday, a day after the bourses were in the black as they reopened after a long Eid break, with the Abu Dhabi index reaching a new record high.During holidays in the Gulf, traders typically cash in shares and are generally cautious of any developments in global markets while their bourses are closed.In Abu Dhabi, the index (.ADI) advanced 0.9%, hitting a n...
Tags: Travel, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Reuters Major, Dana Gas, Commercial Bank, Tasi, Rupert Neil Bumfrey, QSI, Abudhabi, Al Rajhi Bank, Gulf Egypt, Emaar Properties EMAR DU


MIDEAST STOCKS #AbuDhabi hits record high as most Gulf markets gain | Reuters

MIDEAST STOCKS Abu Dhabi hits record high as most Gulf markets gain | Reuters Most Gulf bourses ended higher on Sunday, as they reopened after a long Eid break, with the Abu Dhabi index hitting a record high.During holidays in the Gulf, traders typically cash in shares and are generally cautious of any developments in global markets while their bourses are closed.Saudi Arabia's benchmark index (.TASI) gained 0.8%, with Al Rajhi Bank (1120.SE) rising 1.1% and Saudi Arabian Mining Company (1...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Dana Gas, Tasi, Rupert Neil Bumfrey, Abudhabi, Al Rajhi Bank, Gulf Egypt, DFMGI, Dana Gas DANA


MIDEAST STOCKS #AbuDhabi leads Gulf higher as Yahsat makes strong market debut | Reuters

Most major Gulf markets closed higher on Wednesday with Abu Dhabi stocks leading gains, as Mubadala-backed satellite operator Al Yah Satellite Communications (Yahsat) listed after a $730 million initial public offering (IPO).Abu Dhab's index (.ADI) closed 0.5% higher boosted by a 1.9% rise in International Holding Company (IHC.AD).Shares of Yahsat surged as much as 12.7% in the first day of trading before closing at 2.80 dirhams ($0.7624) per share, 1.8% above its IPO price of 2.75 dirhams. ...
Tags: Travel, Dubai, Abu Dhabi, Gulf, Reuters, Saudi Aramco, Emirates NBD, Tasi, Rupert Neil Bumfrey, Mubadala, Al Rajhi Bank, Gulf Egypt, Qatar National Bank QNBK, Commercial International Bank COMI, Dubai Islamic Bank DISB DU, Dubai Investments DINV


MIDEAST STOCKS #Saudi index snaps five-day losing streak; #Qatar extends losses | Reuters

MIDEAST STOCKS Saudi index snaps five-day losing streak; Qatar extends losses | Reuters Major stock markets in the Gulf ended mixed on Monday, with the Saudi index snapping a five-day losing streak and Qatar falling for a third consecutive session.Saudi Arabia's benchmark index (.TASI) rose 0.1%, with Al Rajhi Bank (1120.SE) and petrochemical maker Saudi Basic Industries (2010.SE) gaining nearly 1% each.In Abu Dhabi, the index (.ADI) finished up 0.4%, led by gains in telecoms firm Etisalat...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Oman, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, Mubadala


MIDEAST STOCKS #Qatar bourse gains as major Gulf markets ease | Reuters

MIDEAST STOCKS Qatar bourse gains as major Gulf markets ease | Reuters Most major stock markets in the Gulf ended lower on Wednesday, extending losses from the previous session, after Saudi Arabia amended import rules from the Gulf in a challenge to the United Arab Emirates, although Qatar bucked the trend.Saudi Arabia's benchmark index (.TASI) fell 0.1%, hit by a 0.9% fall in Al Rajhi Bank (1120.SE) and a 0.7% drop in top lender Saudi National Bank (1180.SE).The kingdom has amended its ru...
Tags: Travel, Saudi Arabia, Opec, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Gulf Cooperation Council, Adi, Emaar Properties, Tasi, Rupert Neil Bumfrey, Emaar Malls


MIDEAST STOCKS #AbuDhabi extends gains as #Dubai eases | Reuters

MIDEAST STOCKS Abu Dhabi extends gains as Dubai eases | Reuters Abu Dhabi's stock market ended higher on Sunday, extending gains for a fifth straight session as International Holding (IHC) continued its rise following the listing of a unit, while Dubai's main index slipped.IHC's market capitalisation hit 201.7 billion dirhams ($54.92 billion) last week, making it Abu Dhabi's most valuable listed company, after the market debut of Alpha Dhabi (ALPHADHABI.AD), in which IHC holds a 45% stake....
Tags: Travel, Saudi Arabia, India, Egypt, Dubai, Abu Dhabi, Uae, Reuters, SABIC, IHC, Reuters Abu Dhabi, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, Gulf Egypt, Commercial International Bank COMI


MIDEAST STOCKS #Dubai drops as fresh virus spike in other nations stokes recovery fears | Reuters

MIDEAST STOCKS Dubai drops as fresh virus spike in other nations stokes recovery fears | Reuters Dubai shares hit a four-week low on Wednesday, as a resurgence in COVID-19 cases in other countries across the world threatened economic recovery in the tourism-reliant market.Dubai's main index (.DFMGI) fell for a third consecutive session to end 0.6% lower, its lowest closing since June 1, with Emirates NBD Bank (ENBD.DU) dropping 1.1%, while Sharia-compliant lender Dubai Islamic Bank (DISB.DU...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, IHC, Qatar National Bank, Rupert Neil Bumfrey, Reuters Dubai, Gulf Egypt, First Abu Dhabi Bank FAB, Commercial International Bank COMI, Dubai Islamic Bank DISB, Emirates NBD Bank ENBD, Saudi National Bank


MIDEAST STOCKS Fresh COVID curbs and US air strike push Gulf stocks lower | Reuters

MIDEAST STOCKS Fresh COVID curbs and US air strike push Gulf stocks lower | Reuters A resurgence in coronavirus infections and U.S. air strikes against Iran-backed militias slammed Gulf stock markets on Monday, knocking Abu Dhabi's main index from record highs hit earlier in the session.Dubai's share index (.DFMGI) posted the biggest fall, down 1.1% and off 21-month highs touched on Sunday. It was weighed by a 1.8% fall in top lender Emirates NBD (ENBD.DU) and a 1.6% decline in blue-chip d...
Tags: Travel, Saudi Arabia, Iraq, US, Qatar, Iran, Syria, Dubai, Abu Dhabi, Gulf, Reuters, Emirates NBD, Stark, IHC, Emaar, Tasi



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