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#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


MIDEAST STOCKS-Major Gulf markets gain in early trade | Reuters

MIDEAST STOCKS-Major Gulf markets gain in early trade | Reuters:Major stock markets in the Gulf rose in early trade on Tuesday, with property shares supporting the Saudi index.Saudi Arabia’s benchmark index gained 0.4%, with Jabal Omar Development advancing 3.1% and oil behemoth Saudi Aramco adding 0.7%.Dubai’s main share index rose 0.3%, helped by a 1.3% gain in logistic firm Aramex and a 1.4% increase in shopping malls operator Emaar Malls.In Abu Dhabi, the index added 0.3%, with the country’s...
Tags: Travel, Saudi Arabia, Wam, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Saudi Aramco, Aramex, Commercial Bank, Emaar, Rupert Neil Bumfrey, Jabal Omar Development, First Abu Dhabi Bank


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 mixed; S&P revises #Kuwait's outlook - Reuters

MIDEAST STOCKS-Major Gulf markets mixed; S&P revises Kuwait's outlook - Reuters:Major stock markets in the Gulf were mixed in early trade on Sunday, while the Kuwaiti index underperformed the region after S&P Global Ratings revised the Gulf state’s outlook to ‘negative’ from ‘stable’.The ratings agency said it expects Kuwait’s main liquidity buffer, the General Reserve Fund (GRF), to be insufficient to cover central government deficit.Saudi Arabia’s benchmark index edged up 0.2%, helped by a 3.5...
Tags: Travel, Saudi Arabia, Kuwait, Gulf, Reuters, Saudi Aramco, Reliance Industries Ltd, Rupert Neil Bumfrey, Jabal Omar Development


Mideast Stocks: #Saudi leads Gulf higher as oil prices gain | ZAWYA MENA Edition

: Saudi Arabian stocks ended higher on Wednesday, buoyed by a leap in oil prices, while bourses in the United Arab Emirates were little changed as banks faced write-downs on NMC debt.  June Brent crude futures were up 4.6%, or 95 cents, at $21.41 a barrel by 1139 GMT, as U.S. stockpiles rose less than expected and on hopes that demand will improve as some European countries and some U.S. cities moved to ease restrictions.   Saudi Arabia's benchmark index closed 1.5% higher, with Al Rajhi Bank ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Saudi Aramco, NMC, Emaar Properties, Commercial Bank, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey, Jabal Omar Development, NMC Health


Mideast Stocks: Most major Gulf markets slip in early trade as #Saudi raises oil production | ZAWYA UAE Edition

Mideast Stocks: Most major Gulf markets slip in early trade as Saudi raises oil production | ZAWYA UAE Edition:Most major Gulf markets slipped in early trade on Wednesday as Saudi Arabia appeared to follow through with its promise to boost crude oil output amid a price war with Russia.Saudi Arabia on Wednesday directed the oil giant Saudi Aramco to raise its oil production capacity to 13 million barrels per day (bpd) from 12 million bpd.On Monday, Saudi Arabia's slashed crude price for April and...
Tags: Travel, Saudi Arabia, Russia, Gulf, Saudi Aramco, Mideast, Russia Saudi Arabia, Rupert Neil Bumfrey, Jabal Omar Development, Al Rajhi Bank


Mideast Stocks: Most of Gulf markets decline on coronavirus fears | ZAWYA MENA Edition

Mideast Stocks: Most of Gulf markets decline on coronavirus fears | ZAWYA MENA Edition:Most major stock markets in the Gulf ended lower on Thursday, led by financial stocks, on concerns over the economic fallout from the coronavirus that has spread to nearly 80 countries and territories and killed more than 3,000 people.Saudi Arabia's benchmark index reversed early gains to close 0.8% down, with all its banking shares trading lower.Tourism-related firm Jabal Omar Development was the biggest drag...
Tags: Travel, Saudi Arabia, Spa, Gulf, Gulf Cooperation Council, United Arab Emirates UAE, Saudi Arabia Kuwait, Rupert Neil Bumfrey, Jabal Omar Development, Al Rajhi Bank


MIDEAST STOCKS-Most major Gulf markets slip though #Qatar edges up on banks - Agricultural Commodities - Reuters

MIDEAST STOCKS-Most major Gulf markets slip though Qatar edges up on banks - Agricultural Commodities - Reuters:Most major Gulf stock markets fell on Thursday, with Saudi Arabia leading the way on declines in corporate earnings, though Qatar bucked the trend as banks rose.In Saudi Arabia, the benchmark index was down 0.5%, with Al Rajhi Bank declining 0.7% and Jabal Omar Development sliding 2.9%, making it the biggest in the index.The developer posted a net loss of 80.6 million riyals ($21.5 mil...
Tags: Travel, Saudi Arabia, Qatar, Gulf, Rupert Neil Bumfrey, Jabal Omar Development, Advanced Petrochemical, Al Rajhi Bank, Agricultural Commodities Reuters


MIDEAST STOCKS-Petrochemicals hurt #Qatar, Gulf mostly quiet early on - Reuters

MIDEAST STOCKS-Petrochemicals hurt Qatar, Gulf mostly quiet early on - Reuters:Gulf stocks mostly rose early on Wednesday, although Qatari petrochemical shares pulled down that market.Saudi Arabia’s index edged up 0.2%, with AL Rajhi Bank gaining 0.5% and Jabal Omar Development up 1.7%. Yamamah Cement gained 3.1% after posting third-quarter profit of 54.7 million riyals ($14.58 million), compared with a loss of 46.4 million riyals year ago. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Saudi Arabia, Reuters, Rupert Neil Bumfrey, Jabal Omar Development, Al Rajhi Bank, Qatar Gulf, Yamamah Cement


MIDEAST STOCKS-Most of Gulf rises on modest U.S. job growth, #Saudi ends losing streak - Reuters

MIDEAST STOCKS-Most of Gulf rises on modest U.S. job growth, Saudi ends losing streak - Reuters:Most Gulf markets closed higher on Sunday mirroring theprevious session's rise in global stocks on easing concerns about the U.S.economy, while Saudi Arabia ended three consecutive days of losses.The U.S. unemployment rate dropped to near a 50-year low of 3.5% inSeptember, with job growth increasing moderately, suggesting the slowing economycould avoid a recession for now despite the trade dispute bet...
Tags: Travel, Saudi Arabia, Gulf, Reuters, China Saudi Arabia, Rupert Neil Bumfrey, Jabal Omar Development


MIDEAST STOCKS-U.S. job growth lifts most Gulf markets, #Saudi outperforms - Agricultural Commodities - Reuters

MIDEAST STOCKS-U.S. job growth lifts most Gulf markets, Saudi outperforms - Agricultural Commodities - Reuters:Most major Gulf stock markets rose on Sunday after a decline in the U.S. unemployment rate bolstered global equities on Friday, with Saudi Arabian shares leading the gains.The U.S. unemployment rate dropped to near a 50-year low of 3.5% in September, with job growth increasing moderately, suggesting the slowing economy could avoid a recession for now despite the trade dispute between th...
Tags: Travel, Saudi Arabia, United States, Gulf, China Saudi Arabia, Rupert Neil Bumfrey, Jabal Omar Development, Agricultural Commodities Reuters


MIDEAST STOCKS-Gulf stocks sluggish as investors await company earnings | Reuters

MIDEAST STOCKS-Gulf stocks sluggish as investors await company earnings | Reuters:Gulf stock markets were sluggish on Sunday, with Saudi Arabia the biggest mover as investors took positions before more companies report financial results this week.Al Rajhi Bank gained 0.6 percent and Jabal Omar Development was up 1.6 percent as the main Saudi index rose by 0.2 percent.Dubai Investments slipped by 2.5 percent while Emirates Integrated Telecommunications Co(EITC), also known as du, edged down 0.6 p...
Tags: Travel, Saudi Arabia, Gulf, Reuters, Rupert Neil Bumfrey, Jabal Omar Development, Dubai Investments, Al Rajhi Bank, Emirates Integrated Telecommunications Co EITC


MIDEAST STOCKS-Saudi up on higher oil prices; Aramex down in Dubai | Reuters

MIDEAST STOCKS-Saudi up on higher oil prices; Aramex down in Dubai | Reuters:Gulf markets were mixed on Sunday as investors digested a late rise in oil prices that still left the commodity lower for the week.Oil prices edged up about 1 percent on Friday as strike actions in Norway and Iraq hit supplies. Still, futures were set for a second straight week of decline after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions.The Saudi index gained 0.1...
Tags: Travel, Iraq, Iran, Dubai, Norway, Gulf, Reuters, Aramex, Rupert Neil Bumfrey, Jabal Omar Development, Saudi Basic Industries Corporation



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