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MIDEAST STOCKS Most major Gulf bourses gain, tracking oil prices; Qatar eases | Reuters

MIDEAST STOCKS Most major Gulf bourses gain, tracking oil prices; Qatar eases | Reuters Most major stock markets in the Gulf ended higher on Tuesday, mirroring gains in oil prices as tight supply and expectations of a further draw in U.S. and global crude inventories provided support.Oil prices are forecast to increase as supply falls short while global demand soars, said Michael Stark, research analyst at Exness."OPEC has effectively taken initiatives to protect price levels and market sh...
Tags: Travel, Saudi Arabia, Opec, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Tasi, Rupert Neil Bumfrey, Morgan Stanley MS N, Michael Stark, Gulf Egypt, Goldman Sachs GS N, Emirates Telecommunications Group Etisalat


MIDEAST STOCKS Emaar lifts #Dubai; Egypt declines on banks | Reuters

MIDEAST STOCKS Emaar lifts Dubai; Egypt declines on banks | Reuters Dubai's stock market closed higher on Monday after blue-chip developer Emaar Properties reported strong property sales, while the Egypt index was weighed down by a drop in its biggest lender Commercial International Bank.The main share index in Dubai (.DFMGI) rose 0.7%, boosted by a 1.5% rise in Emaar Properties (EMAR.DU) after the company posted a more than three-fold jump in property sales for the first five months of 202...
Tags: Travel, Saudi Arabia, Russia, Qatar, Egypt, Dubai, Moscow, Abu Dhabi, Reuters, Emaar Properties, QNB, Emaar, Tasi, Rupert Neil Bumfrey, Industries Qatar, Commercial International Bank


MIDEAST STOCKS Major Gulf markets end mixed, Egypt snaps losing streak | Reuters

MIDEAST STOCKS Major Gulf markets end mixed, Egypt snaps losing streak | Reuters Major stock markets in the Gulf ended mixed on Sunday, with property shares weighing on the Dubai index, while Egypt snapped a three-session losing streak to close 0.7% higher.Saudi Arabia's benchmark index (.TASI) closed 0.1% lower, snapping eight straight sessions of gains, with Saudi Telecommunications (7030.SE) and Riyad Bank (1010.SE) dropping 1.3%.The Abu Dhabi index (.ADI) closed 0.3% higher, as telecoms...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Reuters Major, Riyad Bank, Tasi, Rupert Neil Bumfrey, QSI, Gulf Egypt, Emaar Properties EMAR DU


MIDEAST STOCKS Most major Gulf markets slip in early trade, set for weekly gains | Reuters

MIDEAST STOCKS Most major Gulf markets slip in early trade, set for weekly gains | Reuters Most Gulf stock markets fell in early trade on Thursday, with Dubai leading losses, though the markets were on track for their weekly gains.The Dubai index (.DFMGI) fell 0.5%, but the benchmark was on track for a fifth weekly gain. Emirates NBD Bank (ENBD.DU) dropped 1.4% and Emaar Properties (EMAR.DU) lost 0.5%.Emaar, which along with its subsidiaries has an outstanding debt of $817.25 million, has hire...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Riyad Bank, Commercial Bank, Emaar, Rupert Neil Bumfrey, First Abu Dhabi Bank, Emaar Properties EMAR DU, Emirates Telecommunications Group Etisalat, Commercial Bank COMB QA, Industries Qatar IQCD


MIDEAST STOCKS Gulf stocks gain in morning trade as oil prices rise | Reuters

MIDEAST STOCKS Gulf stocks gain in morning trade as oil prices rise | Reuters Major Gulf stock markets rose in morning trade on Tuesday, as Saudi Arabian stocks, spurred by rising oil prices, led gains.Brent oil futures topped $70 to reach their highest since March, as expectations grew for increased fuel demand during the summer driving season in the United States, the world's top oil consumer. Saudi Arabia's benchmark index (.TASI) rose 0.5% for its sixth consecutive day of gains, supported ...
Tags: Travel, Saudi Arabia, Qatar, United States, Dubai, Gulf, Reuters, Saudi Arabian, Tasi, Air Arabia, NCB Capital, Rupert Neil Bumfrey, Samba Financial Group, United Arab Emirates ADNOC, Abu Dhabi ADI, Emirates Telecommunications Group Etisalat


MIDEAST STOCKS #UAE, #Saudi indexes log monthly gain as Middle East markets end mixed | Reuters

MIDEAST STOCKS UAE, Saudi indexes log monthly gain as Middle East markets end mixed | Reuters Middle Eastern stock markets closed mixed on Monday, with indexes in the United Arab Emirates and Saudi Arabia logging monthly gains amid rising oil prices and improving business activity in their non-oil sectors.Brent crude futures (.LCOc1) have gained more than 3% this month and are up more than 34% year-on-year, according to Refinitiv Eikon data.The United Arab Emirates' non-oil sector expanded...
Tags: Travel, Saudi Arabia, Qatar, Middle East, United Arab Emirates, Dubai, Reuters, Arabia, Riyad Bank, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI, Emaar Properties EMAR DU, Reuters Middle Eastern


MIDEAST STOCKS-Major Gulf stocks mixed; #UAE, #Saudi set for monthly gain | Nasdaq

MIDEAST STOCKS-Major Gulf stocks mixed; UAE, Saudi set for monthly gain | Nasdaq Major Gulf stock markets were mixed in early trade on Monday, with indexes in the United Arab Emirates and Saudi Arabia set for monthly gains amid rising oil prices and signs of economic recovery.Brent crude futures .LCOc1 have gained more than 3% this month and are up more than 34% year-on-year, according to Refinitiv Eikon data.The United Arab Emirates' non-oil sector expanded in April as the seasonally adjusted...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Tasi, Rupert Neil Bumfrey, Saudi British Bank, First Abu Dhabi Bank, DFMGI, Major Gulf, Emirates Telecommunications Group Etisalat, Refinitiv Eikon, Dubai Islamic Bank DISB DU, Nasdaq Major Gulf


MIDEAST STOCKS Major Gulf stocks little changed, Dubai nudges higher | Reuters

MIDEAST STOCKS Major Gulf stocks little changed, Dubai nudges higher | Reuters Major stock markets in the Gulf were little changed in early trade on Sunday, with expectations of economic recovery nudging Dubai higher again after the index snapped an eight-session winning streak at the end of last week.Dubai's index (.DFMGI) was up 0.1% after closing lower on Thursday.The United Arab Emirate's only listed airline Air Arabia (AIRA.DU) rose 1.5%, while shopping mall operator Emaar Mall (EMAA.DU) ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, United Arab Emirate, Reuters Major, Commercial Bank, Tasi, Rupert Neil Bumfrey, Saudi Telecom, Abu Dhabi Commercial Bank ADCB, First Abu Dhabi Bank, Major Gulf


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 Most Gulf markets muted, #Saudi stocks gain on upbeat heavyweight earnings | Reuters

MIDEAST STOCKS Most Gulf markets muted, Saudi stocks gain on upbeat heavyweight earnings | Reuters Major Gulf stock markets were little changed in early trade on Wednesday, with Saudi Arabian shares edging up on upbeat corporate earnings by heavyweights.Saudi Arabia's benchmark index (.TASI) was trading nearly 0.1% higher in early trade.The Saudi National Bank (1180.SE) was up 0.6%, while Saudi Aramco (2222.SE) added 0.1%, extending gains from Tuesday after the state oil producer reported 30% ...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Saudi Arabian, Qatar National Bank, Tasi, Rupert Neil Bumfrey, Abu Dhabi National Energy Company Taqa, Emaar Properties EMAR DU, Waha Capital, Emirates Telecommunications Group Etisalat, Dubai Islamic Bank DISB DU, Qatar Islamic Bank QISB


MIDEAST STOCKS #Saudi stocks gain as Aramco Q1 profit tops estimates | Reuters

MIDEAST STOCKS Saudi stocks gain as Aramco Q1 profit tops estimates | Reuters Major Gulf stock markets were little changed in early trade on Tuesday, with Saudi Arabia shares rising as state oil producer Saudi Aramco's (2222.SE) first-quarter profit topped analysts' estimates.Saudi Arabia's benchmark index (.TASI) was up 0.3% after falling for three straight days. Saudi Aramco rose 0.6% after it reported a 30% rise in first-quarter net profit to $21.7 billion, compared with analysts' expectati...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Saudi Aramco, IHS, Tasi, Rupert Neil Bumfrey, First Abu Dhabi Bank, Emirates Telecommunications Group Etisalat, 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- #Dubai bourse leads most of Gulf lower | Nasdaq

Stock markets in Dubai and Qatar ended lower on Thursday, hit by blue-chip shares trading ex-dividend, while the Saudi index retreated ahead of an OPEC+ meet.Saudi Arabia's benchmark index .TASI lost 0.7%, with Al Rajhi Bank 1120.SE falling 0.8% and Saudi Telecom Company 7010.SE down 2.7%.OPEC, Russia and other oil producers meet on Thursday to decide whether to keep April output steady or increase it as they weigh a recent price rally against uncertainty about the economic recovery.With oil abo...
Tags: Travel, Saudi Arabia, Opec, Qatar, Dubai, Gulf, Emaar, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Al Rajhi Bank, Emirates NBD ENBD, DFMGI, Emaar Properties EMAR DU, Emirates Telecommunications Group Etisalat, United Development Company


Higher oil prices push #Saudi index up, while Egypt declines | Reuters

Higher oil prices push Saudi index up, while Egypt declines | Reuters Gulf markets ended mostly higher on Tuesday, with Saudi Arabia’s benchmark index leading gains, while Egypt’s blue-chip index slid more than 1 percent.The Saudi index closed 0.8% higher, its biggest daily percentage gain in over a week, buoyed by higher oil prices.The rise in crude prices was underpinned by the likely easing of COVID-19 lockdowns around the world, positive economic forecasts and lower output as U.S. supplies w...
Tags: Travel, Texas, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Qatar National Bank, Reuters Gulf, Rupert Neil Bumfrey, National Commercial Bank, Al Rajhi Bank, Gulf Egypt, Emirates Integrated Telecommunications Company, Emirates Telecommunications Group Etisalat


COVID Impact: Etisalat witnesses 3% drop in #UAE subscribers to 12.2mln | ZAWYA MENA Edition

COVID Impact: Etisalat witnesses 3% drop in UAE subscribers to 12.2mln | ZAWYA MENA Edition Telecom subscribers in the UAE declined by hundreds of thousands last year as the coronavirus pandemic took a toll on the economy.The UAE’s major telecom operator, Etisalat, reported on Tuesday that its subscriber base in the country dropped by 366,000 (3 percent) to 12.2 million in the fourth quarter of 2020. Mobile subscribers fell 4 percent year-on-year to 10.4 million, mainly due to the decline in the...
Tags: Travel, Uae, Etisalat, Rupert Neil Bumfrey, Emirates Telecommunications Group Etisalat, MENA Edition Telecom


Mideast Stocks: Most Gulf markets track oil, Asian shares higher | ZAWYA MENA Edition

Most stock markets in the Gulf region rose in early trade on Tuesday, tracking gains in oil prices and Asian shares, with Dubai benchmark index on track to snap five sessions of losses.Oil prices, a key catalyst for the Gulf region's financial markets, jumped more than $1 on a tight global supply outlook and an approaching meeting of top crude producers is expected to keep output largely in check.Saudi Arabia's benchmark index rose 0.8%, with Al Rajhi Bank increasing 1.5%, while petrochemical fi...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Emirates NBD, Emaar Properties, Etisalat, Qatar National Bank, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, Masraf Al Rayan, First Abu Dhabi Bank, MENA Edition, Emirates Telecommunications Group Etisalat


MIDEAST STOCKS-Property shares lift #Dubai as most major Gulf stocks gain | Nasdaq

Most major gulf stock markets rose in early trade on Tuesday, spurred by rising oil prices, with Dubai's index outperforming, buoyed by its property shares.Oil rose on Tuesday, for the third time in four sessions, on expectations for rising fuel demand as the United States may expand its pandemic aid payments and a final Brexit deal is set to stabilise trade between Europe and Britain.The Dubai index .DFMGI rose 0.8% as Damac Properties DAMAC.DU jumped 7.5% and Emaar Properties EMAR.DU increased...
Tags: Travel, Hong Kong, Europe, Saudi Arabia, Qatar, Britain, United States, Alibaba, Dubai, Abu Dhabi, Gulf, Tasi, Rupert Neil Bumfrey, Saudi Telecom, CK Hutchison Holdings, Al Rajhi Bank


MIDEAST STOCKS- #Saudi index buoyed by petrochemical shares, Halwani Bros jumps | Nasdaq

Saudi Arabia's main index edged higher in early trade on Monday, buoyed by petrochemical shares a day after the energy ministry announced the discovery of four new oil and gas fields.Saudi Basic Industries 2010.SE rose 0.6% and Saudi Kayan Petrochemical 2350.SE gained 0.8%, supporting a 0.1% rise in the benchmark index .TASI.State-owned Saudi Aramco 2222.SE edged up 0.1% after the announcement that it had discovered oil in the Al-Ajramiyah well, northwest of the city of Rafhaa, with tests showin...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Ooredoo, Rupert Neil Bumfrey, Saudi Kayan Petrochemical, First Abu Dhabi Bank FAB, Emaar Properties EMAR DU, Emirates Telecommunications Group Etisalat, Damac Properties DAMAC, Ajramiyah, Rafhaa, Halwani Bros, TASI State


UAE's Etisalat Q3 profit falls on higher capital expenditure | Reuters

UAE's Etisalat Q3 profit falls on higher capital expenditure | Reuters:Emirates Telecommunications Group (Etisalat) on Thursday reported a 4.2 percent drop in third-quarter net profit, hit by increased capital expenditure.Etisalat made a net profit of 2.3 billion dirhams ($626 million) in the three months to Sept. 30, it said in a bourse filing. That compared with 2.4 billion dirhams in the same period last year.SICO Bahrain had forecast that Etisalat would make a quarterly net profit of 2.1 bil...
Tags: Travel, Uae, Reuters, Etisalat, Rupert Neil Bumfrey, SICO Bahrain, Emirates Telecommunications Group Etisalat



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