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MIDEAST STOCKS #Saudi leads major Gulf markets higher; blue-chip selloff hits Egypt | Reuters

Major stock markets in the Gulf ended higher on Tuesday, with the Saudi index gaining for a twelfth consecutive session, while a blue-chip selloff dragged the Egyptian bourse.Saudi Arabia's benchmark index (.TASI) reversed early losses to close 0.5% higher, led by a 1.2% gain in Al Rajhi Bank (1120.SE) and a 2.2% increase in Saudi National Bank (1180.SE), the kingdom's largest lender.On Sunday, Al Rajhi posted a 48% jump in quarterly profit, helped by an increase in net financing and investme...
Tags: Travel, Saudi Arabia, Egypt, United Arab Emirates, Dubai, Bank, Abu Dhabi, Gulf, Reuters, Adi, Tasi, Rupert Neil Bumfrey, Al Rajhi, QSI, Al Rajhi Bank, Gulf Egypt


FAB's Ballard: Fragile Market Tone in China - Bloomberg video

FAB's Ballard: Fragile Market Tone in China - Bloomberg Simon Ballard, Chief Economist of First Abu Dhabi Bank, discusses if Chinese stocks are still worth investing in and the risk other Asian markets are facing due to the China's regulatory crackdown. He speaks with Manus Cranny on "Bloomberg Daybreak: Middle East." (Source: Bloomberg) [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, China, Bloomberg, Ballard, China Bloomberg, Rupert Neil Bumfrey, Bloomberg Daybreak, First Abu Dhabi Bank, Bloomberg Simon Ballard


MIDEAST STOCKS #AbuDhabi hits record high, boosted by telco Etisalat | Reuters

MIDEAST STOCKS Abu Dhabi hits record high, boosted by telco Etisalat | Reuters Most major stock markets in the Gulf rose in early trade on Sunday, with Abu Dhabi index hitting a record high, although Qatar bucked the trend to trade lower.In Abu Dhabi, the index (.ADI) advanced 1.7%, hitting its record high, buoyed by a 6.5% jump in Emirates Telecommunications Group (Etisalat) (ETISALAT.AD).On Thursday, the telecoms firm reported quarterly net profit of 2.40 billion dirhams ($653.5 million), up...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Reuters, Etisalat, Tasi, Dubai Financial Market DFM, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI, Dubai Islamic Bank DISB


MIDEAST STOCKS #AbuDhabi hits record high, major Gulf bourses gain | Reuters

MIDEAST STOCKS Abu Dhabi hits record high, major Gulf bourses gain | Reuters Major stock markets in the Gulf ended higher on Thursday, amid rising oil prices, with the Abu Dhabi index hitting a record high.Brent crude oil futures were up 39 cents, or 0.5%, at $75.13 a barrel by 1254 GMT, as crude stockpiles in the United States, the world's top oil consumer, fell to their lowest since January 2020.GCC stock markets opened in the black as U.S. oil stockpiles continued decreasing, revealing ...
Tags: Travel, Saudi Arabia, United States, GCC, United Arab Emirates, Abu Dhabi, Gulf, Reuters, Reuters Major, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Industries Qatar, Abudhabi, Al Rajhi Bank, Gulf Egypt


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

MIDEAST STOCKS Most Gulf bourses gain on corporate earnings boost | Reuters Most major stock markets in the Gulf ended higher on Wednesday, largely supported by strong corporate earnings, while the Dubai index closed lower and was the only laggard.Saudi Arabia's benchmark index (.TASI) rose 0.2%, helped by a 0.4% gain in Al Rajhi Bank (1120.SE) and a 0.6% increase in oil behemoth Saudi Aramco (2222.SE).Ratings firm Fitch raised Aramco's outlook to stable and affirmed its IDR at "A".In Abu ...
Tags: Travel, Saudi Arabia, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Emirates NBD, Fitch, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt


#UAE News: Top Banks See Profits Surge as Impairments Drop on Recovery - Bloomberg

UAE News: Top Banks See Profits Surge as Impairments Drop on Recovery - Bloomberg The three largest banks in the United Arab Emirates reported a drop in impairment charges by nearly a third in the first half as they took advantage of an economic recovery from the Covid-19 pandemic.Emirates NBD PJSC, Dubai’s biggest lender, and its counterpart in the UAE capital, First Abu Dhabi Bank PJSC, posted an increase in profit in the first half, supported by higher fee income and a drop in the cost of r...
Tags: Travel, Opec, United Arab Emirates, Uae, Emirates NBD, Rupert Neil Bumfrey, Dubai Islamic Bank, Recovery Bloomberg, First Abu Dhabi Bank, Emirates NBD PJSC Dubai, First Abu Dhabi Bank PJSC, Shayne Nelson, Impairments


#AbuDhabi Stocks Climb With OPEC+ Deal in Sight: Inside EM - Bloomberg

Abu Dhabi Stocks Climb With OPEC+ Deal in Sight: Inside EM - Bloomberg Equities in the United Arab Emirates’ capital rose as investors await a meeting between OPEC and its allies on Sunday and ahead of a long holiday.Abu Dhabi’s ADX General Index rose 0.2% as of 11:37 a.m. local time, while Dubai’s DFM Index slipped less than 0.1%. The volume of trade in both exchanges was lower than the 30-day average ahead of the four-day Eid holiday, which starts Monday.The meeting is the latest sign that a...
Tags: Travel, Saudi Arabia, Russia, Israel, Opec, Bloomberg, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Bahrain, Kuwait, Uae, Etisalat, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey


MIDEAST STOCKS #Saudi index gains on petrochemicals boost; other major markets ease | Reuters

MIDEAST STOCKS Saudi index gains on petrochemicals boost; other major markets ease | Reuters Most major stock markets in the Gulf ended lower on Thursday, weighed by financial shares, while the Saudi index was lifted by shares of petrochemical companies.Saudi Arabia's benchmark index (.TASI) finished 0.2% higher, with Sahara International Petrochemical Company (2310.SE) rising over 3% and Saudi Basic Industries (2010.SE) gaining 0.7%.Goldman Sachs expects an oil supply agreement between Sa...
Tags: Travel, Saudi Arabia, Opec, United Arab Emirates, Goldman Sachs, Abu Dhabi, Uae, Gulf, Reuters, Qatar National Bank, Tasi, GCC Gulf Cooperation Council, Rupert Neil Bumfrey, Gulf Egypt, First Abu Dhabi Bank, Emaar Properties EMAR DU


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


#AbuDhabi royals-owned real estate firm begins dollar sukuk sale | Reuters

Abu Dhabi royals-owned real estate firm begins dollar sukuk sale | Reuters The Private Department of Sheikh Mohamed Bin Khalid Al Nahyan LLC (PD), a relatively small real estate player in Abu Dhabi owned by members of its ruling family, has given initial price guidance of around 5.75% for five-year U.S. dollar-denominated Islamic bonds, a document showed on Wednesday.Emirates NBD Capital (ENBD.DU) and First Abu Dhabi Bank (FAB.AD) acted as global coordinators, while Abu Dhabi Commercial Bank (...
Tags: Travel, Abu Dhabi, Reuters, Rupert Neil Bumfrey, First Abu Dhabi Bank, Mohamed Bin Khalid Al Nahyan, Mashreq MASB


#AbuDhabi's stock market continues bull run

Abu Dhabi's stock market continues bull run The Abu Dhabi Securities Market index closed the week up 4.9 per cent on Thursday, taking its gains since the start of the year to 36.75 per cent. Over the past year, the bourse has soared 68 per cent.ADX now has a market capitalisation of Dh1.18 trillion ($321.6bn), with the most recent impetus coming from the listing of Alpha Dhabi, a broad investment group with 40,000 employees and revenue of Dh3.8bn.The company's shares and have gained 16.4 per...
Tags: Travel, Abu Dhabi, MSCI, Etisalat, Rupert Neil Bumfrey, Mohammed Ali Yasin, First Abu Dhabi Bank, Abu Dhabi Securities Market, International Holdings Company, Alpha Dhabi, Al Dhabi Capital May


#Dubai's DP World hires banks for sale of flagship free zone stake-sources | Reuters

Dubai's DP World hires banks for sale of flagship free zone stake-sources | Reuters Dubai's DP World has hired banks to help sell a minority stake in its flagship business park, Jebel Ali Free Zone, which could fetch a few billion dollars, three sources familiar with the deal said.It hired JPMorgan (JPM.N), Standard Chartered (STAN.L) and First Abu Dhabi Bank (FAB.AD) for the transaction that is likely to draw interest from infrastructure funds, private equity firms and other investors such as...
Tags: Travel, United Arab Emirates, Dubai, Reuters, DP World, Jebel Ali, Rupert Neil Bumfrey, Jebel Ali Port, Reuters Dubai, Jebel Ali Free Zone, First Abu Dhabi Bank, JPMorgan JPM N Standard Chartered STAN, Dubai Jafza


Alpha Dhabi shares jump 13% as #AbuDhabi bourse's market value surges to $314bn​​​​​​​​​​​​​​ | The National

Shares in Alpha Dhabi, the investment group listed on the Abu Dhabi Securities Exchange on Sunday, closed up almost 13 per cent on Monday, making it the fourth-biggest company on the exchange.The company, in which Integrated Holding Company and Infinity Wave Holding each own a 44 per cent stake, is valued at Dh169 billion ($46bn) at Monday's Dh16.90 a share closing price. That means only IHC itself (Dh208.7bn), Etisalat (Dh193.1bn) and First Abu Dhabi Bank (Dh178bn) have a higher market capitali...
Tags: Travel, Dubai, Abu Dhabi, IHC, Etisalat, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, First Abu Dhabi Bank, Integrated Holding Company, Devesh Mamtani, Alpha Dhabi, Infinity Wave Holding


Mideast Stocks: #Saudi gains as major Gulf markets ease | ZAWYA MENA Edition

Mideast Stocks: Saudi gains as major Gulf markets ease | ZAWYA MENA Edition Most major stock markets in the Gulf ended lower on Thursday, pressured by losses in financial shares, although the Saudi index bucked the trend to close higher.Saudi Arabia's benchmark index added 0.2%, with Al Rajhi Bank rising 0.9% and Sahara International Petrochemical Company (Sipchem) jumping 5.6% after proposing a first-half dividend of 0.75 riyal per share.SIPCHEM said in a separate filing it planned to mothbal...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Middle East, Dubai, Abu Dhabi, Uae, Gulf, Emirates NBD, Gulf Arab, Commercial Bank, Rupert Neil Bumfrey, Nasdaq Dubai, Sipchem, Al Rajhi Bank


MIDEAST STOCKS Major Gulf markets mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf markets mixed in early trade | Reuters Major stock markets in the Gulf were mixed in early trade on Thursday, with the Dubai index on course to snap two sessions of gains on weakness in banks.In Saudi Arabia, the index (.TASI) rose 0.3% as Al Rajhi Bank (1120.SE) gained 0.4%, while Sahara International Petrochemical Company (SIPCHEM) (2310.SE) jumped 4.5% after proposing a first-half dividend of 0.75 riyal per share.SIPCHEM said in a separate filing it planned to moth...
Tags: Travel, Saudi Arabia, Qatar, Middle East, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Reuters Major, Tasi, Rupert Neil Bumfrey, QSI, Nasdaq Dubai, Sipchem, Al Rajhi Bank


MIDEAST STOCKS Major Gulf markets gain as financial shares rise | Reuters

Major stock markets in the Gulf ended higher on Tuesday, supported by their financial stocks, with the Abu Dhabi index leading the gains. Saudi Arabia's benchmark index  (.TASI)  added 0.3%, with Saudi National Bank  (1180.SE)  rising 2.5% and petrochemical maker Saudi Basic Industries  (2010.SE)  strengthening 0.7%. Yemen's warring parties are thrashing out terms for a peace deal that would extricate the kingdom from a costly war and help alleviate a devastating humanitarian crisis, Reu...
Tags: Travel, Saudi Arabia, Qatar, Iran, United Arab Emirates, Dubai, Oman, Abu Dhabi, Yemen, Uae, Gulf, Reuters, Riyadh, Adi, Dubai International Airport, Tasi


Most major Gulf bourses in red; Egypt outperforms | Reuters

Most major Gulf bourses in red; Egypt outperforms | Reuters Dubai’s main share index eased 0.1%, hit by a 0.4% fall in Emirates NBD and a 2.2% slide in budget airliner Air Arabia.The Dubai Airshow, this year’s biggest aerospace trade show and a spectacle for business deals worth billions of dollars, will be held under capacity restrictions in November due to the coronavirus pandemic, its organiser said.In Abu Dhabi, the index dropped 0.5%, weighed down by a 1.2% fall in the largest lender Firs...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, MPC, Gulf, Reuters, Emirates NBD, Dubai Airshow, Qatar Islamic Bank, Abu Dhabi Commercial Bank, Air Arabia, Rupert Neil Bumfrey, Commercial International Bank Egypt, Reuters Dubai


MIDEAST STOCKS Major Gulf markets mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf markets mixed in early trade | Reuters Major Gulf stock markets were mixed in early trade on Sunday with the Abu Dhabi index leading gains boosted by top lender First Abu Dhabi Bank.The benchmark index (.TASI) in Saudi Arabia, fell 0.3%, with Al Rajhi Bank (1120.SE) losing 0.9% and petrochemical firm Saudi Basic Industries (2010.SE) easing 0.7%.The kingdom's April crude oil exports fell to their lowest level since June 2020, official data showed on Thursday. OPEC and ...
Tags: Travel, Saudi Arabia, Opec, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Fitch, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, First Abu Dhabi Bank


MIDEAST STOCKS #Dubai bourse gains, major Gulf markets fall | Reuters

MIDEAST STOCKS Dubai bourse gains, major Gulf markets fall | Reuters Most major stock markets in the Gulf ended lower on Thursday, although the Dubai index was boosted by gains in financial shares.Dubai's main share index (.DMFGI) finished 0.8% higher, buoyed by a 1.8% rise in Emirates NBD Bank (ENBD.DU) and a 0.8% increase in sharia-compliant lender Dubai Islamic Bank (DISB.DU).The United Arab Emirates (UAE) central bank raised its key overnight interest rate by 5 basis points on Thursday...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Uae, Gulf, Reuters, U S Federal Reserve, United Arab Emirates UAE, Qatar National Bank, Tasi, Rupert Neil Bumfrey, ADCB, Gulf Egypt, First Abu Dhabi Bank, Bank of America Securities


MIDEAST STOCKS Major Gulf bourses ease in early trade as financial shares drag | Reuters

Major stock markets in the Gulf were subdued in early trade on Tuesday, mostly hurt by losses in financial shares in the absence of fresh factors to trade on.Saudi Arabia's benchmark index (.TASI) fell 0.4%, with Al Rajhi Bank (1120.SE) losing 0.9%, while Saudi Arabian Mining Company (1211.SE) retreated 1.2%.The kingdom's inflation rate rose for the second consecutive month, climbing to 5.7% in May from 5.3% in April, again reflecting a tripling of value-added tax to 15% last year, official data...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Tasi, Rupert Neil Bumfrey, Hussain Sajwani, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI, Qatar National Bank QNBK, Emirates NBD Bank ENBD


MIDEAST STOCKS #Saudi index outperforms as financials boost; Egypt falls | Reuters

MIDEAST STOCKS Saudi index outperforms as financials boost; Egypt falls | Reuters Saudi Arabian shares ended higher on Sunday, outperforming other Gulf peers, buoyed by gains in banking stocks, while Egypt's blue-chip index extended losses.Saudi Arabia's benchmark index (.TASI) advanced 0.9%, lifted by a 3.8% rise in Al Rajhi Bank (1120.SE) and a 3.6% increase in Saudi Telecom Company (7010.SE).Elsewhere, Dur Hospitality Co (4090.SE) finished 0.6% higher after the firm said it is in merger ...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Uae, Gulf, Reuters, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, Reuters Saudi Arabian


MIDEAST STOCKS #Saudi index firms as other Gulf markets remain subdued | Reuters

MIDEAST STOCKS Saudi index firms as other Gulf markets remain subdued | Reuters Major Gulf stock markets were little changed in early trade on Sunday, though the Saudi index was up 0.4% to extend gains from the previous four sessions.Saudi Arabia's benchmark index (.TASI) was buoyed by Al Rajhi Bank (1120.SE) advancing by 0.8% while Saudi Telecom Company (7010.SE) was up 0.6%.In a blow for the Saudi economy the kingdom has restricted the annual haj pilgrimage to its own citizens and residents ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Mecca, Abu Dhabi, Uae, Medina, Gulf, Reuters, United Arab Emirates UAE, Saudi Press Agency, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Industries Qatar


MIDEAST STOCKS Most Gulf markets rise as oil rebounds; Egypt bucks trend | Reuters

MIDEAST STOCKS Most Gulf markets rise as oil rebounds; Egypt bucks trend | Reuters Major stock markets in the Gulf ended higher on Thursday, supported by a rebound in oil prices, but the Egyptian index bucked the trend to close lower.Brent crude oil futures LCOc1 were up 18 cents, or 0.25%, at $72.40 a barrel by 1024 GMT, holding just shy of a high not seen since May 2019.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, extending gains for the fourth consecutive session, with Al Rajhi...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, Riyad Bank, Tasi, Rupert Neil Bumfrey, Industries Qatar, EIG Global Energy Partners, QSI


MIDEAST STOCKS Major Gulf indexes mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf indexes mixed in early trade | Reuters Major Gulf stocks were mixed in early trade on Thursday, with the Saudi Arabia index on track to gain for a fourth consecutive session, buoyed by banking shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, with Al Rajhi Bank (1120.SE) gaining 0.6% and Saudi National Bank (1180.SE) advancing 0.4%.Separately, Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said on Tuesday it has established two deputy gov...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, EIG Global Energy Partners, Mubadala, Public Investment Fund, Qatar National Bank QNB, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI


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: #Saudi, #UAE markets extend weekly gaining streak | ZAWYA MENA Edition

Mideast Stocks: Saudi, UAE markets extend weekly gaining streak | ZAWYA MENA Edition Stocks in the United Arab Emirates and Saudi Arabia extended their weekly gaining streak, boosted by rising oil prices and improving business activity in the non-oil sector.Saudi Arabia's benchmark stock index added 1.7% in its fourth consecutive weekly gains, as Brent crude LCOc1 has risen in four of last five weeks, according to Refinitiv data.Sentiment was also boosted by a survey showing Saudi Arabia's non...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Commercial Bank, DAMAC Properties, Saudi UAE, Rupert Neil Bumfrey, Saudi Telecom, Gulf Egypt, First Abu Dhabi Bank, National Bank of Oman, Emirates Telecommunications Group


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 #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 Most major Gulf markets fall, #Saudi bucks trend | Reuters

MIDEAST STOCKS Most major Gulf markets fall, Saudi bucks trend | Reuters Most major Gulf stock markets fell on Sunday, led by the Abu Dhabi bourse, while Saudi Arabia closed higher supported by gains in telecom and healthcare shares.In Abu Dhabi, the main share index (.ADI) lost 0.5%, weighed down by a 1.5% fall in First Abu Dhabi Bank (FAB.AD) and an 8.1% slide in Abu Dhabi National Company for Distribution (ADNOC Distribution) (ADNOCDIST.AD).ADNOC Distribution, the largest operator of pet...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Commercial Bank, Tasi, ADNOC, Rupert Neil Bumfrey, Saudi Telecom, QSI, Al Rajhi Bank, First Abu Dhabi Bank



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