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#AbuDhabi outperforms Gulf bourses, at record high | Reuters

Abu Dhabi outperforms Gulf bourses, at record high | Reuters Abu Dhabi's stock market reached an all-time high on Sunday, led by gains in top lender, while the Saudi index pulled back from a 15-year high.In Abu Dhabi, the index ADI> advanced 0.9%, hitting a record high, with the country's largest lender First Abu Dhabi Bank (FAB.AD) rising 2.1%.Emirati banks' assets are expected to grow 8% in 2022, Dubai-based Al Arabiya TV channel cited the head of the United Arab Emirates Banks Federat...
Tags: Travel, Saudi Arabia, Wam, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Aramex, Al Arabiya TV, Reuters Abu Dhabi, Tasi, Rupert Neil Bumfrey


Aramex drives #Dubai bourse higher, #Saudi at 15-year high | Reuters

Aramex drives Dubai bourse higher, Saudi at 15-year high | Reuters Dubai's stock market ended higher on Wednesday, outperforming its Gulf peers, led by a surge in logistic firm Aramex, while the Saudi index extended gains a day after hitting a 15-year peak.Dubai's main share index (.DFMGI) finished 1.4% higher, with Aramex (ARMX.DU) soaring 14.9%, its biggest intraday gain since Jan. 2009, after a direct deal worth 1.41 billion dirhams ($383.90 million) for its 295 million shares.On Tues...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Doha, Uae, Gulf, Reuters, Aramex, Adi, Tasi, Rupert Neil Bumfrey, Reuters Dubai


#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


#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 #Saudi outperforms major Gulf bourses after IMF forecast | Reuters

MIDEAST STOCKS Saudi outperforms major Gulf bourses after IMF forecast | Reuters Most major stock markets in the Gulf were little changed on Wednesday, amid inflation fears, while the Saudi index outperformed the region after the International Monetary Fund raised its economic growth forecast.Investors are worried about the economic slowdown and inflation, which is proving less temporary and could entail central banks to take action earlier than expected, said Wael Makarem, senior market s...
Tags: Travel, Saudi Arabia, Dubai, International Monetary Fund, Abu Dhabi, Imf, Gulf, Reuters, DP World, Emaar, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, Gulf Egypt, Abu Dhabi Securities Exchange ADX


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 #Saudi index leads mixed markets with 14-year high | Reuters

Stock markets in the Gulf region ended mixed on Tuesday, though the Saudi bourse rose to its highest in nearly 14 years on the back of stronger oil prices."The cautious atmosphere among investors has pushed the GCC stock markets in different directions. The economic slowdown and the strong inflation remain the main points of concern," said Wael Makarem, senior market strategist at Exness.Saudi Arabia's benchmark index (.TASI) finished 0.8% higher, with Al Rajhi Bank (1120.SE) rising 2.2%, wh...
Tags: Travel, Energy, Opec, GCC, Middle East, United Arab Emirates, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, First Abu Dhabi Bank, Emirates Integrated Telecommunications Du


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 fall; #AbuDhabi gains | Reuters

MIDEAST STOCKS Most Gulf bourses fall; Abu Dhabi gains | Reuters Most stock markets in the Gulf closed lower on Sunday, with the Saudi index ending five sessions of gains, although the Abu Dhabi index bucked the trend to finish higher.Saudi Arabia's benchmark index (.TASI) dropped 0.4%, weighed down by a 3.3% fall in Saudi Telecom Company (STC) (7010.SE).The Public Investment Fund, Saudi Arabia's sovereign wealth fund, is considering selling part of its 70% stake in STC while retaining majo...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Adi, STC, Tasi, ADNOC, Rupert Neil Bumfrey, Saudi Telecom Company STC, Gulf Egypt, First Abu Dhabi Bank, Emaar Properties EMAR DU, Qatar National Bank QNBK QA


MIDEAST STOCKS Banks boost most Gulf shares; #AbuDhabi dips | Reuters

Jumps in financial shares helped most stock markets in the Gulf close higher on Thursday, with indexes heading for a quarterly gain, although the Abu Dhabi benchmark bucked the trend to end lower for the day.The GCC has outperformed on the back of oil price strength. There might be a concerning signal in the last month's weakness in non-commodity sectors in Saudi, said Hasnain Malik of TellimerThe most value and potential for recovery in the region is seen in Dubai, he said.Saudi Arabia's be...
Tags: Travel, Saudi Arabia, Qatar, GCC, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, EFG Hermes, Rupert Neil Bumfrey, Industries Qatar, Abu Dhabi Commercial Bank ADCB, QSI, Abudhabi, Al Rajhi Bank


MIDEAST STOCKS Major Gulf markets ease on oil price slide; #Qatar extends gains | Reuters

MIDEAST STOCKS Major Gulf markets ease on oil price slide; Qatar extends gains | Reuters Most major stock markets in the Gulf ended lower on Wednesday, mirroring a slide in oil prices, while the Qatari index was on track to extend gains from the previous session.Oil prices fell on Wednesday after U.S. crude inventories unexpectedly rose and amid concerns about a slowing Chinese economy. read moreBrent crude was down 46 cents, or 0.6%, at $78.63 a barrel by 0950 GMT. On Tuesday, it fell nea...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Mohammed bin Salman, Red Sea, Tasi, Air Arabia, Rupert Neil Bumfrey, Capital Markets Authority, Gulf Egypt, Mohammed El Kuwaiz


MIDEAST STOCKS Most major Gulf markets firm as Aramco leads #Saudi higher | Reuters

Major stock markets in the Gulf ended higher on Tuesday, buoyed by rising oil prices on brighter demand outlook, while Aramco boosted Saudi gains.Oil markets climbed for a sixth day on Tuesday, also boosted by a tighter supply, but power shortages in China which hit factory output tempered the rally. read moreBrent crude futures gained 67 cents, or 0.8%, to $80.20 a barrel at 1016 GMT, after reaching their highest level since October 2018 at $80.75.Demand for oil will grow sharply in the nex...
Tags: Travel, Saudi Arabia, China, Opec, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, QSI, Gulf Egypt


MIDEAST STOCKS Most major Gulf bourses fall; #Saudi rises on petrochems | Reuters

MIDEAST STOCKS Most major Gulf bourses fall; Saudi rises on petrochems | Reuters Most major stock markets in the Gulf ended lower on Monday, while petrochems shares bolstered the Saudi bourse on back of rising oil prices.Oil prices rose on Monday with Brent at its highest since October 2018 and heading for $80 amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions. read moreGCC stock markets opened in different directions as the impact of the...
Tags: Travel, Egypt, Dubai, Brent, Abu Dhabi, Gulf, Reuters, SABIC, Abu Dhabi National Oil Co ADNOC, Tasi, ADNOC, Rupert Neil Bumfrey, Saudi Basic Industries, Abu Dhabi Commercial Bank ADCB, Gulf Egypt, First Abu Dhabi Bank


MIDEAST STOCKS #Saudi and #Qatar rise, other Gulf indexes muted | Reuters

MIDEAST STOCKS Saudi and Qatar rise, other Gulf indexes muted | Reuters The Saudi and Qatari indexes finished higher on Sunday, buoyed by petrochemical and financial stocks, while other major Gulf indexes declined.Saudi Arabia's benchmark index (.TASI) closed up 0.7%, ending four consecutive sessions of losses, with Saudi Basic Industries Corporation (2010.SE) rising 2.5% and Market Heavyweight Al Rajhi Bank (1120.SE) advancing 0.7%.The Qatari index (.QSI) added 0.7%, extending gains for a...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Mohammed, Gulf, Reuters, Sheikh Mohammed bin Rashid al Maktoum, Emaar Properties, Tasi, Rupert Neil Bumfrey, Emaar Malls, Gulf Egypt, Emaar Properties EMAR DU


Mideast Stocks: Most Gulf markets close higher; #Dubai falls | ZAWYA MENA Edition

Mideast Stocks: Most Gulf markets close higher; Dubai falls | ZAWYA MENA Edition Most stock markets in the Gulf ended higher on Thursday, extending gains from the previous session, although the Dubai index bucked the trend to closer lower.Positive sentiment takes hold of the markets after the much-anticipated Federal Reserve meeting this week, said Wael Makarem, senior market strategist Exness. The Fed kept its monetary policy unchanged on Wednesday and hinted that the asset purchase program t...
Tags: Travel, Iraq, Opec, Egypt, United Arab Emirates, Dubai, Federal Reserve, Abu Dhabi, Gulf of Mexico, Uae, Gulf, Fed, Rupert Neil Bumfrey, Industries Qatar, Most Gulf, Gulf Egypt


MIDEAST STOCKS Most Gulf bourses claw back; #Saudi extends losses | Reuters

MIDEAST STOCKS Most Gulf bourses claw back; Saudi extends losses | Reuters Most stock markets in the Gulf rebounded on Wednesday, amid rising oil prices and ahead of the outcome of the U.S. Federal Reserve's policy meeting due later in the day.Investors are waiting for the Fed's announcement, during which it will announce its position regarding its monetary policy and how it intends to handle its asset purchasing program, said Wael Makarem, senior market strategist at Exness."Investors r...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Fed, Reuters, U S Federal Reserve, Adi, Rupert Neil Bumfrey, Industries Qatar, Al Rajhi Bank, Gulf Egypt, First Abu Dhabi Bank


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 Most Gulf bourses decline as lower oil prices weigh | Reuters

MIDEAST STOCKS Most Gulf bourses decline as lower oil prices weigh | Reuters Dubai led declines among stock markets in the Gulf on Monday, as sentiment was weighed by a fall in global equities and oil prices.Global shares skidded as investors fretted about the spillover risk to the global economy from property group China Evergrande's troubles, while eyeing a week packed with global central bank meetings. read moreDubai's main share index (.DFMGI) retreated 1.2%, as most of the stocks on t...
Tags: Travel, Asia, Saudi Arabia, Global, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, QSI, Reuters Dubai, Al Rajhi Bank, Gulf Egypt


MIDEAST STOCKS Major Gulf bourses end mixed; #AbuDhabi off record high | Reuters

MIDEAST STOCKS Major Gulf bourses end mixed; Abu Dhabi off record high | Reuters Major stock markets in the Gulf ended mixed on Sunday, with the Abu Dhabi index retreating from the previous session's record highs.GCC markets evolved in different directions as doubts around oil market developments and international economic growth contrasted with strong local fundamentals, said Wael Makarem, senior market strategist at Exness.On Friday, world shares fell after a week of mixed economic data ...
Tags: Travel, Egypt, United Arab Emirates, Dubai, Abu Dhabi, MPC, Gulf, Reuters, U S Federal Reserve, Reuters Major, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, U S Gulf of Mexico


MIDEAST STOCKS #AbuDhabi leads major Gulf bourses higher; Egypt falls | Reuters

Major stock markets in the Gulf reversed early losses to close higher on Thursday, with the Abu Dhabi index registering its eighth straight weekly gain.In Abu Dhabi, the index (.ADI) gained 0.8%, buoyed by a 2.5% rise in the country's largest lender First Abu Dhabi Bank (FAB.AD).The United Arab Emirates central bank is studying ways to replace the local interbank rate, Reuters reported citing three sources, as it tries to catch up with global regulators who have called time on such benchmark...
Tags: Travel, Egypt, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, Industries Qatar, Al Rajhi Bank, Gulf Egypt, First Abu Dhabi Bank, Emirates NBD Bank ENBD


MIDEAST STOCKS Major Gulf bourses end mixed, #AbuDhabi falls most | Reuters

MIDEAST STOCKS Major Gulf bourses end mixed, Abu Dhabi falls most | Reuters Major stock markets in the Gulf ended mixed on Monday, with the Abu Dhabi index falling the most, as investors remained cautious about global economic recovery and the oil market.U.S. House Democrats are expected to propose raising the corporate tax rate to 26.5% from 21% as part of a sweeping plan that includes tax increases on the wealthy, corporations, and investors, according to two people familiar with the mat...
Tags: Travel, Europe, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, U S House, Abu Dhabi National Oil Co ADNOC, Tasi, ADNOC, Abu Dhabi Securities Exchange, Saudi Telecom Company


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 #AbuDhabi stocks at record highs as Etisalat extends gains | Reuters

MIDEAST STOCKS Abu Dhabi stocks at record highs as Etisalat extends gains | Reuters Abu Dhabi stocks closed at an all-time high on Wednesday as telecoms giant Etisalat extended gains from the previous session when it announced securing required approvals to increase the foreign ownership limit to 49%.The Abu Dhabi index (.ADI) gained 0.9%, buoyed by a 2.6% rise in Emirates Telecommunications Group (Etisalat) (ETISALAT.AD).The market has also been rising thanks to the positive sentiment, dri...
Tags: Travel, Saudi Arabia, China, Qatar, Egypt, South Africa, Shanghai, Dubai, Abu Dhabi, Uae, Reuters, Kurdistan Region, Dana Gas, Iraq Saudi Arabia, Etisalat, Reuters Abu Dhabi


MIDEAST STOCKS #AbuDhabi outperforms Gulf peers, #Saudi index near 14-year high | Reuters

MIDEAST STOCKS Abu Dhabi outperforms Gulf peers, Saudi index near 14-year high | Reuters Abu Dhabi's stock market outperformed its Gulf peers on Tuesday, driven by a bounce in telecoms giant Etisalat, while the Saudi index closed at its highest in nearly 14 years.The Abu Dhabi index (.ADI) advanced 1.2%, buoyed by a 6.7% jump in Emirates Telecommunications Group (ETISALAT.AD), the company's biggest intraday rise in about eight months.Etisalat said earlier in the day it had secured required...
Tags: Travel, Asia, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Ksa, Gulf, Reuters, Zain, Etisalat, Reuters Abu Dhabi, Tasi, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Abu Dhabi National Oil Co


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 Major Gulf markets end mixed, #AbuDhabi extends weekly gains | Reuters

MIDEAST STOCKS Major Gulf markets end mixed, Abu Dhabi extends weekly gains | Reuters Major stock markets in the Gulf ended mixed on Thursday, following an OPEC+ agreement to stick to gradual output hikes, with the Abu Dhabi index registering its sixth weekly gain.OPEC and its allies on Wednesday agreed to stick to their existing policy of gradual oil output increases, despite revising their 2022 demand outlook upwards and ongoing U.S. pressure to raise production more quickly. read more"C...
Tags: Travel, Saudi Arabia, Opec, Dubai, Abu Dhabi, Namshi, Gulf, Reuters, SPAC, Adi, Reuters Major, NMC, Tasi, EFG Hermes, Rupert Neil Bumfrey, Gulf Egypt



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