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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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