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Mideast Stocks: Most major markets end higher on oil price gains | 路透

Mideast Stocks: Most major markets end higher on oil price gains | 路透 Most major Gulf stock markets finished higher on Wednesday as oil prices jumped after industry data showed a bigger-than-expected drop in U.S. crude inventories, before rising global COVID-19 infections capped the crude price gains.Brent crude rose to a session high of $57.42 a barrel, their highest since Feb. 24, before prices steadied. [O/R]In Dubai, the main index firmed 0.8% for its fifth straight session of gains, with th...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Emirates NBD, Mideast, Emaar Properties, Formosa, Rupert Neil Bumfrey, Dubai Islamic Bank, National Commercial Bank, First Abu Dhabi Bank FAB, Dr Sulaiman Al Habib Medical Services Group Co


Major Gulf markets firm in early trade; #Qatar dips | Reuters

Major Gulf markets firm in early trade; Qatar dips | Reuters Most major Gulf stock markets firmed on Wednesday against the backdrop of rising oil prices, with indexes in the United Arab Emirates on track to extend gains for fifth straight session.Oil prices gained more than 1% after industry data showed a bigger than expected drop in inventories. Brent crude was up 79 cents, or 1.4%, at $57.37 a barrel by 0420 GMT, having risen 1.7% in the previous session. [O/R]Saudi Arabia’s benchmark index ga...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Emaar Properties, Formosa, QNB, Rupert Neil Bumfrey, Dubai Islamic Bank, First Abu Dhabi Bank, Major Gulf, SABIC Agri Nutrients Co


Mideast Stocks: Major markets gain as non-oil sector stocks shine | Reuters

Mideast Stocks: Major markets gain as non-oil sector stocks shine | Reuters Major stocks in the Gulf region strengthened on Monday, bucking the global trend, as shares in non-oil sectors took centre stage with markets in the United Arab Emirates (UAE) primarily driving the gains.The non-oil sector in the Middle East’s tourism and business hub Dubai returned to growth in December, although the expansion was modest as employment fell and sentiment for the new year was subdued, the seasonally adjus...
Tags: Travel, Saudi Arabia, Middle East, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Mohammed bin Salman, Reuters Major, United Arab Emirates UAE, Qatar National Bank, Rupert Neil Bumfrey, Dubai Islamic Bank, Aldar Properties, First Abu Dhabi Bank


MIDEAST STOCKS-Qatari stocks rise as Gulf tensions ease, #Dubai extends gain | Reuters

MIDEAST STOCKS-Qatari stocks rise as Gulf tensions ease, Dubai extends gain | Reuters Qatar’s stock market rose sharply in early Tuesday trade, buoyed by an easing in the Gulf’s more than three-year diplomatic rift, while Dubai climbed for a third session amid growth in the United Arab Emirates’ non-oil private sectors.Saudi Arabia agreed to reopen its airspace and land and sea border to Qatar in a deal towards resolving a dispute that led Riyadh and its allies to impose a boycott on Qatar in 20...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Gulf, Reuters, Riyadh, Emaar Properties, Qatar National Bank, Rupert Neil Bumfrey, Industries Qatar, Dubai Islamic Bank, Almarai, National Commercial Bank, Reuters Qatar


#Dubai leads gains as markets rise on higher oil | Reuters

Major Gulf stock markets finished higher on Monday amid a surge in oil prices, with Dubai outperforming the region, led by property and banking stocks.Oil prices touched multi-month highs on expectations OPEC and allied producers will cap output at current levels in February and on hopes that vaccines will curb the spread of the coronavirus. [O/R]Most OPEC+ countries would like to postpone a planned increase in oil output from February, because fuel demand is weakening amid new global lockdowns,...
Tags: Travel, Europe, Saudi Arabia, Opec, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Emirates NBD, Emaar Properties, Ministry of Energy, Etisalat, Qatar National Bank, DAMAC Properties, Rupert Neil Bumfrey


MIDEAST STOCKS- #Saudi shares set to finish 2020 higher, other Gulf markets subdued | Nasdaq

Saudi Arabian Shares fell in early trade on the last day of the 2020, but were set to close the session with a yearly gain, overcoming the first-quarter shock triggered by a global recession fears on COVID-19 and the Saudi-Russia oil price war.Other Gulf markets were set to end the year with losses except Qatar and Abu Dhabi, which were trading with marginal yearly gain of 1.1% and 0.3%, respectively.All Gulf stock markets had fallen between 13% and 36% in the first quarter, with Bahrain extendi...
Tags: Travel, Saudi Arabia, Russia, Qatar, Dubai, Oman, Abu Dhabi, Bahrain, Kuwait, Gulf, Rupert Neil Bumfrey, Dubai Islamic Bank, Samba Financial Group, Emaar Properties EMAR DU, Abu Dhabi Islamic Bank ADIB, Other Gulf


Major Gulf stocks mixed at start of last week of trade | Reuters

Major Gulf stocks mixed at start of last week of trade | Reuters Major Gulf stock markets were mixed early on Sunday in the last week of trading for the year.Saudi Arabia’s benchmark index has gained 4% this year, Abu Dhabi and Qatar are up 1%, while Dubai is down 8.8%. Gains in recent weeks have been fuelled by optimism over COVID-19 vaccines.On Sunday, the Saudi index opened up 0.2% with Samba Financial Group and National Commercial Bank (NCB) up 1.5% and 0.7%, respectively.The lenders said th...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Reuters, National Commercial Bank NCB, Emaar Properties, Commercial Bank, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Dubai Islamic Bank, Samba Financial Group, Major Gulf, Qatar Fuel, Yanbu National Petrochemicals


Major Gulf markets end mixed, #Qatar snaps losing streak | Reuters

Major Gulf markets end mixed, Qatar snaps losing streak | Reuters Major stock markets in the Gulf were mixed when they closed on Thursday, with trading volumes modest because of the absence of many foreign investors for Christmas.Saudi Arabia’s benchmark index fell 0.2%, hit by a 0.7% fall in Al Rajhi Bank and a 0.8% decline in the country’s largest lender National Commercial Bank.The kingdom’s oil exports fell by 18.9 billion riyals ($5.04 billion) in October, down by nearly a third, while non-...
Tags: Travel, London, Saudi Arabia, Qatar, United Arab Emirates, Pfizer, Abu Dhabi, Gulf, Reuters, Reuters Major, Emaar Properties, Nine Elms, Qatar Islamic Bank, Abu Dhabi Commercial Bank, DAMAC Properties, Rupert Neil Bumfrey


Most major Gulf markets firm in early trade; #Qatar eases | Reuters

Most major Gulf markets firm in early trade; Qatar eases | Reuters Most major Gulf markets firmed early on Tuesday, a day after registering sharp declines as a highly transmissible new coronavirus strain in Britain fuelled concerns that a resurgence of infections could stunt the pace of reopening economies.The new variant of the virus is spreading rapidly in Britain and prompting high levels of concern among other countries, many of which have cut transport links.Saudi Arabia’s benchmark index c...
Tags: Travel, Saudi Arabia, Qatar, Britain, Abu Dhabi, Gulf, Reuters, GAC, Rupert Neil Bumfrey, Saudi Basic Industries, Dubai Islamic Bank, Qatar Fuel Co, Emirates Integrated Telecommunications, Al Rajhi Bank Saudi Telecom Company STC, state TV Dubai


#Dubai State Holding Firm Posts $3.1 Billion Loss as Virus Weighs - Bloomberg

Dubai State Holding Firm Posts $3.1 Billion Loss as Virus Weighs - Bloomberg Investment Corp. of Dubai, the main state-controlled holding firm of the emirate, reported a loss in the first half as the coronavirus pandemic weighed on earnings at its portfolio companies.The firm posted a loss of 11.4 billion dirhams ($3.1 billion) after a profit of 6.86 billion dirhams a year earlier, according to a statement.Investment Corp. of Dubai owns Emirates airline, which has seen bookings slump as demand f...
Tags: Travel, Bloomberg, Emirates, Dubai, Emirates NBD, Emaar Properties, Rupert Neil Bumfrey, Dubai Islamic Bank, Investment Corp of Dubai, Dubai State Holding Firm Posts, Bloomberg Investment Corp


#Saudi stocks lead gains; Egypt loses | Reuters

Saudi stocks lead gains; Egypt loses | Reuters Major Gulf markets eked out gains on Monday, riding on the positive sentiment around the progress in COVID-19 vaccine development and the OPEC+ deal on oil production cuts, with Saudi stocks breaking a losing streak of four sessions.Despite oil prices falling on surging coronavirus cases globally and amid heightened tensions between the United States and China, markets in the Gulf managed to close in positive territory, with some erasing losses in t...
Tags: Travel, Saudi Arabia, China, Opec, Qatar, United States, Egypt, Dubai, Abu Dhabi, Doha, Gulf, Reuters, Emirates NBD, Riyad Bank, Emaar Properties, United Arab Emirates Bahrain


Mideast Stocks-Major markets log weekly gains on vaccine hopes | ZAWYA MENA Edition

Mideast Stocks-Major markets log weekly gains on vaccine hopes | ZAWYA MENA Edition Abu Dhabi shares ended lower on Thursday but all major Gulf markets managed weekly gains, riding on a rally fuelled by optimism around COVID-19 vaccine developments.Financial markets globally have gained in most sessions over the past couple of weeks as U.S. drugmakers Pfizer Inc and Moderna Inc, and British firm AstraZeneca released positive data on the effectiveness of their vaccine candidates.Investors are opt...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Astrazeneca, Abu Dhabi, Gulf, Pfizer Inc, Air Arabia, Rupert Neil Bumfrey, Dubai Islamic Bank, National Commercial Bank, First Abu Dhabi Bank, Moderna Inc, Qatar Commercial Bank, Sulaiman Al Habib Medical Services Group


Most Middle East markets end higher as investors cheer Biden transition, vaccine progress | Reuters

Most markets end higher as investors cheer Biden transition, vaccine progress | Reuters Most major Gulf markets closed higher on Tuesday, tracking gains on global bourses, helped by a formal transition nod for U.S. President-elect Joe Biden and new coronavirus vaccine developments.U.S. President Donald Trump on Monday gave the head of the General Services Administration the go-ahead to proceed with a transition to a government led by Biden despite plans to continue with legal challenges.Global f...
Tags: Travel, Saudi Arabia, Opec, Qatar, Joe Biden, Middle East, Dubai, General Services Administration, Biden, Abu Dhabi, Yemen, Donald Trump, Jeddah, Gulf, Reuters, Aramco


#Qatar leads most Gulf markets higher; Egypt falls | Reuters

Most stock markets in the Middle East ended higher on Sunday, with Qatar’s index leading the gains on a rise in financial shares, while Egypt closed lower.Financial markets globally have been buoyed over the past two weeks by U.S. drugmakers Pfizer and Moderna Inc releasing encouraging news on the effectiveness of their vaccine candidates against the coronavirus.Saudi Arabia’s benchmark index added 0.1%, with Dr Sulaiman Al-Habib Medical Services leaping 5.1% and real estate firm Jabal Omar Deve...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Middle East, United Arab Emirates, Dubai, Pfizer, Gulf, Reuters, Qatar National Bank, Rupert Neil Bumfrey, Industries Qatar, Dubai Islamic Bank, Commercial International Bank, Jabal Omar Development


#UAE stocks get double-upgrade on broad recovery hopes | ZAWYA MENA Edition

UAE stocks get double-upgrade on broad recovery hopes | ZAWYA MENA Edition Stocks in the UAE have received a double-upgrade from Morgan Stanley on the ground that they are highly exposed to a broad recovery.The US multinational investment bank argues that the recovery of UAE bourse is possible as the positive virus vaccine news remains “far from priced.”Shares listed in Dubai and Abu Dhabi bourses, which are lagging emerging-market peers this year, got a double-upgrade to tactical overweight as ...
Tags: Travel, US, Dubai, Abu Dhabi, Morgan Stanley, Uae, Rupert Neil Bumfrey, Dubai Islamic Bank, Dubai Investments, Marina Zavolock, Regiane Yamanari


#Dubai Islamic Bank sells $1 billion in perpetual sukuk | Reuters

Dubai Islamic Bank sells $1 billion in perpetual sukuk | Reuters Dubai Islamic Bank DISB.DU, the United Arab Emirates' largest Islamic lender, on Thursday sold $1 billion in Additional Tier 1 sukuk, or Islamic bonds, at 4.625%, a document from one of the banks arranging the deal showed.Overall debt issuance from the Gulf so far this year has already surpassed last year’s total, again topping $100 billion and setting a new record as borrowers - especially governments - seek to bolster their fi...
Tags: Travel, United Arab Emirates, Gulf, Reuters, DIB, Rupert Neil Bumfrey, Dubai Islamic Bank, Reuters Dubai Islamic Bank DISB


Mideast Stocks: #Saudi bourse leads most Gulf markets higher | ZAWYA MENA Edition

Most Middle Eastern Markets ended higher on Wednesday mirroring gains in oil prices, after President Donald Trump falsely claimed victory in a tight U.S. election that proved far closer than polls had predicted.A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi-led OPEC oil cuts to support prices.Brent crude was up by 1.02 cents, or 2.50%, at $40.73 by 1242 GMT.Saudi Arabia's benchmark index advanced 1.1%, boosted by a 2.9% rise in Samba Financ...
Tags: Travel, Saudi Arabia, Opec, Qatar, Iran, Donald Trump, Lebanon, Gulf, Trump, Mideast, Emir, Rupert Neil Bumfrey, Dubai Islamic Bank, Commercial International Bank, Samba Financial, Gulf Egypt


Mideast Stocks: Major Gulf markets mixed; Aramco's Q3 profit slides | ZAWYA MENA Edition

Mideast Stocks: Major Gulf markets mixed; Aramco's Q3 profit slides | ZAWYA MENA Edition Saudi Arabia's stock market closed lower on Tuesday hurt by a string of disappointing corporate earnings, while the Qatari index ended a three-session losing streak.The kingdom's benchmark index slipped 0.3%, with Saudi British Bank dropping 2.1% after it announced a 10.5% fall in third-quarter profit.National Industrialization Company (Tasnee) was down 2.3%, after it posted net loss in the quarter ending Se...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Industries Qatar, Dubai Islamic Bank, Commercial International Bank, IHS Markit, Saudi British Bank, Gulf Egypt, National Industrialization Company Tasnee, First Abu Dhabi Bank


#Dubai Islamic Bank completes integration of Noor Bank | ZAWYA MENA Edition

Dubai Islamic Bank completes integration of Noor Bank | ZAWYA MENA Edition Dubai Islamic Bank (DIB) has completed the integration of Noor Bank with the successful migration of all banking relationships, enhancing its position as one of the largest Islamic banks in the world with total assets exceeding AED 300 billion ($81.7 billion).The entire integration was achieved in record time despite unfavorable circumstances, as majority of the teams involved worked remotely due to COVID-19 restrictions,...
Tags: Travel, Dubai, Uae, Reuters, Noor Bank, Rupert Neil Bumfrey, Dubai Islamic Bank, Adnan Chilwan, COVID, MENA Edition Dubai Islamic Bank DIB


#Dubai Islamic Bank's third-quarter profit slips on higher impairment charges - The National

Dubai Islamic Bank's third-quarter profit slips on higher impairment charges - The National:  Dubai Islamic Bank, the largest Sharia-compliant lender in the UAE by assets, reported a 19 per cent drop in its third-quarter net profit as impairment charges and operating expenses rose amid the coronavirus pandemic.  Net profit attributable to owners of the bank for the three month period ending September 30 declined to about Dh1 billion ($274 million), the lender said in a statement to the Dubai Fi...
Tags: Travel, Dubai, Uae, Dubai Financial Market, Rupert Neil Bumfrey, Dubai Islamic Bank, Mohammed Al Shaibani


#UAE stocks gain, while major Gulf markets fall | Reuters

UAE stocks gain, while major Gulf markets fall | Reuters:  The stock markets in the United Arab Emirates (UAE) closed higher, boosted by real estate and banking shares, defying the fall in other Gulf markets.  Dubai's index .DFMGI advanced 1.3%, with Dubai Islamic Bank DIBDISB.DU gaining 1.7% and Emaar Properties EMAR.DU adding 1.9%.  On Sunday, Dubai Financial Market DFM.DU introduced equity futures trading platform, which included the lender Dubai Islamic Bank and Emaar Properties among stoc...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Saudi Aramco, Etihad Airways, SABIC, United Arab Emirates UAE, Emaar Properties, Emaar, Tasi, Rupert Neil Bumfrey


Mideast Stocks - Kuwaiti market rebounds on reopening after Emir's death | ZAWYA MENA Edition

Mideast Stocks - Kuwaiti market rebounds on reopening after Emir's death | ZAWYA MENA Edition:Broad-based gains pushed Kuwaiti shares higher on Sunday as the bourse reopened after a two-session break following the death of its Emir, with other indexes subdued in early trade.Kuwait's 91-year old Emir Sheikh Sabah al-Ahmad al-Sabah died on Tuesday, plunging his country into mourning. The Kuwaiti index jumped 2.7% as all but one of its constituents rebounded from Tuesday's losses, with heavyweight ...
Tags: Travel, Qatar, Dubai, Abu Dhabi, Kuwait, Saudi Aramco, Commercial Bank, Emir, Sabah Al Ahmad Al Sabah, Emaar, Kuwait Finance House, Rupert Neil Bumfrey, Dubai Islamic Bank, Al Rajhi Bank, First Abu Dhabi Bank, NBK


MIDEAST STOCKS- #UAE bourses ease in early trade; other major markets gain | Reuters

MIDEAST STOCKS-UAE bourses ease in early trade; other major markets gain | Reuters:Stock markets in the United Arab Emirates fell in early trade on Sunday amid a resurgence in new coronavirus cases, while other major Gulf markets traded higher.On Saturday, the United Arab Emirates health ministry reported 1,007 new coronavirus cases, its highest daily number of infections since the start of the pandemic.Dubai’s main share index lost 0.4%, hurt by a 0.9% fall in sharia-compliant lender Dubai Isla...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, SEC, Gulf, Reuters, Riyadh, Etisalat, Rupert Neil Bumfrey, Dubai Islamic Bank, Al Rajhi Bank, First Abu Dhabi Bank, Emaar Properties The Abu Dhabi, Dr Sulaiman Al Habib Medical Services


MIDEAST STOCKS-Major Gulf markets fall on oil price slide | Reuters

MIDEAST STOCKS-Major Gulf markets fall on oil price slide | Reuters:Major stock markets in the Gulf fell on Sunday in response to Friday’s slide in oil prices as fears of a slow economic recovery from the COVID-19 pandemic compounded worries about weak oil demand.Benchmark Brent crude oil fell $1.41, or 3.2%, to settle at $42.66 a barrel.Saudi Arabia’s benchmark index eased 0.5%, with Saudi Basic Industries Corp (SABIC) falling 2% and Al Rajhi Bank down 0.6%.SABIC, the world’s fourth-biggest pet...
Tags: Travel, Saudi Arabia, United Kingdom, Dubai, Gulf, Reuters, SABIC, Emaar Properties, Middle East Europe, Rupert Neil Bumfrey, Dubai Islamic Bank, Al Rajhi Bank, Saudi Basic Industries Corp SABIC


MIDEAST STOCKS-Major Gulf markets rise, #Saudi shares lead - Reuters

MIDEAST STOCKS-Major Gulf markets rise, Saudi shares lead - Reuters:Saudi Arabian shares led gains among largely positive Gulf stock markets on Tuesday, helped by a jump in financial shares.Saudi Arabia’s benchmark index gained 0.5%, with Al Rajhi Bank rising and Riyad Bank climbing 0.6% and 1.2%, each.Shares of Emaar The Economic City surged 9.9%, after the developer entered subscription agreement with Public Investment Fund (PIF), the kingdom’s main sovereign wealth fund.The completion of the ...
Tags: Travel, Saudi Arabia, Gulf, Reuters, Ministry Of Finance, Riyad Bank, Rupert Neil Bumfrey, Dubai Islamic Bank, Al Rajhi Bank, Emaar the Economic City, Major Gulf, Emirates NBD Bank, PIF Dubai


MIDEAST STOCKS-Most Gulf bourses fall as financial shares drag; #Saudi up - Reuters

MIDEAST STOCKS-Most Gulf bourses fall as financial shares drag; Saudi up - Reuters:Most major stock markets in the Gulf ended lower on Wednesday, pressured by losses in financial shares, although the Saudi index bucked the trend to close higher. Saudi Arabia's benchmark index edged up 0.2%, helped by a 2.2% rise in Banque Saudi Fransi and a 4.1% jump in Sahara International Petrochemical Company. Elsewhere, Saudi British Bank (SABB) reversed earlier losses to close up 1.6%. SABB on Tuesday repor...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Emaar Properties, Rupert Neil Bumfrey, Industries Qatar, Dubai Islamic Bank, Sabb, Banque Saudi Fransi, First Abu Dhabi Bank, Aldar Properties Abu Dhabi


MIDEAST STOCKS- #Dubai leads gains on property shares; #Saudi eases - Reuters

MIDEAST STOCKS-Dubai leads gains on property shares; Saudi eases - Reuters:Dubai shares reversed early losses to close higher on Tuesday, led by gains in property stocks, while other major markets in the Gulf region were little changed. Dubai's main share index gained 1%, with blue-chip developer Emaar Properties rising 2.4% and its unit Emaar Development advancing 3.9%. Elsewhere, sharia-compliant lender Dubai Islamic Bank was up 1.9%. Saudi Arabia's benchmark index lost 0.2%, driven down by a ...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Reuters, Emaar Properties, Rupert Neil Bumfrey, Dubai Islamic Bank, Jabal Omar Development, National Commercial Bank, Emaar Development


MIDEAST STOCKS-Major Gulf markets dip as banks weigh on #Dubai - Reuters

MIDEAST STOCKS-Major Gulf markets dip as banks weigh on Dubai - Reuters:Major stock markets in the Gulf were subdued on Thursday, with Dubai hurt by losses in its banking shares.Saudi Arabia’s benchmark index fell 0.2%, with Riyad Bank retreating 2.1% and Al Rajhi Bank losing 0.3%.National Industrialization Co slid 0.7% after the petrochemical firm posted a loss of 188.8 million riyals in the second quarter, compared with a profit of 212.1 million riyals a year earlier.Dubai’s main share index d...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Gulf, Riyad Bank, Dubai Reuters, Rupert Neil Bumfrey, Dubai Islamic Bank, Al Rajhi Bank, Emirates NBD Bank, COVID, National Industrialization Co


Mideast Stocks: #Saudi leads Gulf markets higher; Egypt retreats | ZAWYA MENA Edition

:Most Gulf bourses ended higher on Tuesday, with Saudi Arabia outperforming in the region on the back of banking shares, while the Egyptian index was hit by blue-chip sell-off.Saudi Arabia's benchmark index advanced 1.2%, buoyed by a 1.5% gain in oil giant Saudi Aramco and a 4.6% leap in Riyad Bank .The kingdom's consumer price index jumped 6.1% in July compared with last year, boosted by a tripling of value-added tax, official data showed on Sunday.Dubai's main share index rose 0.8%, extending ...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Gulf, Saudi Aramco, Riyad Bank, Emaar Properties, Rupert Neil Bumfrey, Dubai Islamic Bank, Emaar Malls, Arabtec Holding


MIDEAST STOCKS-Most major Gulf markets gain as financials jump - Reuters

MIDEAST STOCKS-Most major Gulf markets gain as financials jump - Reuters:Most major Gulf stock markets advanced in early trade on Monday, supported by gains in their financial shares, although Qatar bucked the regional trend to trade lower.Saudi Arabia’s benchmark index ticked up 0.2%, with Saudi Arabia Fertilizers rising 2.5% and the kingdom’s largest lender, National Commercial Bank, gaining 0.4%.Oil giant Saudi Aramco firmed 0.3%. The state-owned company on Sunday reported a 73% plunge in pro...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Gulf, Reuters, Saudi Aramco, Emaar Properties, Rupert Neil Bumfrey, Dubai Islamic Bank, National Commercial Bank



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