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MIDEAST STOCKS-Markets track oil lower ahead of OPEC+ meeting; most set for monthly gains | Nasdaq

MIDEAST STOCKS-Markets track oil lower ahead of OPEC+ meeting; most set for monthly gains | Nasdaq Most major Gulf markets weakened on Monday, tracking lower oil prices ahead of a crucial meeting of producer group Organization of the Petroleum Exporting Countries (OPEC+), but they were set to finish the month higher on hopes of a COVID-19 vaccine.Financial markets worldwide have gained in most sessions over the past couple of weeks as U.S. drugmakers Pfizer Inc PFE.N and Moderna Inc MRNA.O as we...
Tags: Travel, Saudi Arabia, Russia, Opec, Qatar, Britain, Healthcare, Dubai, Abu Dhabi, Gulf, Adi, Tasi, Rupert Neil Bumfrey, QSI, First Abu Dhabi Bank, Pfizer Inc PFE N


Mideast Stocks-Major markets log weekly gains on vaccine hopes | ZAWYA MENA Edition

Mideast Stocks-Major markets log weekly gains on vaccine hopes | ZAWYA MENA Edition Abu Dhabi shares ended lower on Thursday but all major Gulf markets managed weekly gains, riding on a rally fuelled by optimism around COVID-19 vaccine developments.Financial markets globally have gained in most sessions over the past couple of weeks as U.S. drugmakers Pfizer Inc and Moderna Inc, and British firm AstraZeneca released positive data on the effectiveness of their vaccine candidates.Investors are opt...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Astrazeneca, Abu Dhabi, Gulf, Pfizer Inc, Air Arabia, Rupert Neil Bumfrey, Dubai Islamic Bank, National Commercial Bank, First Abu Dhabi Bank, Moderna Inc, Qatar Commercial Bank, Sulaiman Al Habib Medical Services Group


MIDEAST STOCKS- #Saudi leads losses in morning trade | Nasdaq

Most major Gulf markets struggled in the final trading session of the week on Thursday, as a rally fuelled by optimism around COVID-19 vaccine developments lost steam.Financial markets globally have gained in most sessions over the past couple of weeks as U.S. drugmakers Pfizer Inc PFE.N and Moderna Inc MRNA.O, and British firm AstraZeneca AZN.L released positive data on the effectiveness of their vaccine candidates.Investors are optimistic that progress made on the vaccine front would help econ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Adi, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, First Abu Dhabi Bank, Emirates NBD ENBD, Pfizer Inc PFE N, Emaar Properties EMAR DU, Emirates Telecom Etisalat, Moderna Inc


MIDEAST STOCKS-Major Gulf shares extend gains on upbeat global outlook | Nasdaq

Major Gulf markets rallied on Wednesday as investors cheered the prospects of a faster-than-expected global economic recovery, driven mainly by encouraging news on the COVID-19 vaccine development front.Financial markets worldwide have gained in the past couple of weeks as U.S. drugmakers Pfizer Inc PFE.N and Moderna Inc MRNA.O as well as British firm AstraZeneca AZN.L released positive data on the effectiveness of their vaccine candidates.Aiding sentiment, the uncertainty over presidential tran...
Tags: Travel, Qatar, Joe Biden, United States, Dubai, Abu Dhabi, Donald Trump, Gulf, Adi, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, National Commercial Bank, Al Rajhi Bank, Pfizer Inc PFE N


MIDEAST STOCKS-Gulf markets rally on upbeat global economic outlook | Nasdaq

MIDEAST STOCKS-Gulf markets rally on upbeat global economic outlook | Nasdaq Most major Gulf markets extended gains on Wednesday as investors cheered prospects of a faster-than-expected global economic recovery, driven mainly by encouraging news on the COVID-19 vaccine development front.Financial markets worldwide have gained in the past couple of weeks as U.S. drugmakers Pfizer Inc PFE.N and Moderna Inc MRNA.O and British firm AstraZeneca AZN.L released positive data on the effectiveness of the...
Tags: Travel, Qatar, Joe Biden, United States, Dubai, Abu Dhabi, Donald Trump, Gulf, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, QSI, National Commercial Bank, First Abu Dhabi Bank, Pfizer Inc PFE N, Moderna Inc


#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


#Saudi index leads way among little-changed Gulf markets | Reuters

Major stock markets in the Gulf were little changed on Sunday, though financial shares bolstered the Saudi index.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 vaccines against the coronavirus.Saudi Arabia’s benchmark index gained 0.5%, led by a 0.3% rise for Al Rajhi Bank and 1.1% increase for Saudi Telecom Company.Dubai’s main index eased 0.1, with Emaar Malls losing 2.2% and...
Tags: Travel, Saudi Arabia, Pfizer, Abu Dhabi, Gulf, Reuters, Rupert Neil Bumfrey, Emaar Malls, Aldar Properties, Al Rajhi Bank, Moderna Inc, Saudi Telecom Company Dubai, Etisalat Qatar


MIDEAST STOCKS-Gulf markets lose steam, but set for weekly gains | Nasdaq

MIDEAST STOCKS-Gulf markets lose steam, but set for weekly gains | Nasdaq Most major Gulf markets retreated on Thursday, drifting off gains logged in the recent sessions over optimism about COVID-19 vaccine and hopes of a speedier global economic recovery.Over the last two weeks, financial markets globally were spurred by encouraging news as two U.S. drugmakers Pfizer PFE.N and Moderna Inc MRNA.O released encouraging news on the effectiveness of vaccine against the infection.The euphoria fizzled...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Tasi, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, QSI, Pfizer PFE N, First Abu Dhabi Bank, Qatar National Bank QNBK, Moderna Inc, Qatar Islamic Bank QISB QA


#Saudi, #Dubai shares gain; #AbuDhabi declines | Reuters

Saudi, Dubai shares gain; Abu Dhabi declines | Reuters Saudi shares reversed course to end sharply higher on Wednesday as further positive news on COVID-19 vaccine development cheered investors, while the Abu Dhabi market posted losses on a day when most major Gulf markets logged gains.U.S. drugmaker Pfizer Inc PFE.N said final results from the late-stage trial of its COVID-19 vaccine showed it was 95% effective, adding it had the required two months of safety data and would apply for emergency ...
Tags: Travel, Saudi Arabia, Opec, Qatar, Dubai, Pfizer, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, Abudhabi, National Commercial Bank, Al Rajhi Bank, Saudi Dubai, Pfizer Inc PFE N


Most Gulf markets decline; #Dubai gains | Reuters

Most Gulf markets decline; Dubai gains | Reuters Most major Gulf shares struggled for momentum on Wednesday as euphoria in the markets over positive news on COVID-19 vaccine development fizzled out after a string of gaining sessions, while Dubai bucked the trend in morning trade.Two U.S. drugmakers - Pfizer Inc PFE.N and Moderna Inc MRNA.O - within a gap of a week came out with encouraging news on the effectiveness of the vaccine against the pandemic, boosting hopes of a faster-than-expected glo...
Tags: Travel, Saudi Arabia, Opec, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Emaar, Tasi, Rupert Neil Bumfrey, Samba Financial Group, Al Rajhi Bank, First Abu Dhabi Bank, Pfizer Inc PFE N, Abu Dhabi Islamic Bank ADIB


Gulf markets ride on vaccine optimism | Reuters

Gulf markets ride on vaccine optimism | Reuters Most major Gulf markets ended higher for a third consecutive session on Tuesday as further positive news on COVID-19 vaccine development lifted optimism about a sooner-than-expected global economic recovery.Investor sentiment got a major fillip for a second time in as many weeks when Moderna Inc MRNA.O on Monday became the second U.S. drugmaker after Pfizer PFE.N to announce promising trial data in the development of a vaccine against the pandemic....
Tags: Travel, Saudi Arabia, Opec, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Emaar, Tasi, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, QSI, Samba Financial Group, Al Rajhi Bank


Oil prices edge up as market eyes OPEC+ meeting, vaccine hopes | Reuters

Oil prices edge up as market eyes OPEC+ meeting, vaccine hopes | Reuters Oil prices edged up on Tuesday on expectations OPEC and its allies will extend oil production cuts for at least three months, while sentiment was bolstered by news of another promising coronavirus vaccine.Brent crude futures for January LCOc1 rose 18 cents, or 0.4%, to $44.00 a barrel by 0737 GMT and U.S. West Texas Intermediate crude for December CLc1 added 8 cents, or 0.2%, to $41.42 a barrel.Equity markets gained on hope...
Tags: Travel, Opec, Reuters, Reuters Oil, Rupert Neil Bumfrey, U S West Texas Intermediate, OANDA, Moderna Inc, Jeffrey Halley


MIDEAST STOCKS- #Dubai leads wide gains on vaccine optimism | Nasdaq

Major Gulf markets gained in early trade on Tuesday, in line with wider Asia shares, as further positive news on COVID-19 vaccine development kept the momentum going, lifting optimism about a sooner-than-expected global economic recovery.Investor sentiment got a major fillip for a second time in as many weeks when Moderna Inc MRNA.O on Monday became the second U.S. drugmaker after Pfizer PFE.N to announce promising trial data in the development of a vaccine against the pandemic.Markets in the Gu...
Tags: Travel, Asia, Saudi Arabia, Russia, Opec, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Commercial Bank, Tasi, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, Savola Group, Al Rajhi Bank


Oil settles higher boosted by latest COVID-19 vaccine progress | Reuters

Oil settles higher boosted by latest COVID-19 vaccine progress | Reuters Oil prices settled up more than 2% on Monday after trading higher earlier in the day as Moderna Inc MRNA.O said its experimental vaccine was 94.5% effective in preventing COVID-19.Brent crude futures for January LCOc1 settled up 1.04, or 2.43%, at $43.82 a barrel, after earlier rising more than 4%. U.S. West Texas Intermediate crude for December CLc1 was up $1.21, or 3%, at $41.34.“There was a little bit of excess buying pr...
Tags: Travel, Japan, China, Reuters, Reuters Oil, Stamford, Rupert Neil Bumfrey, Moderna, U S West Texas Intermediate, Pfizer Inc PFE N, Tradition Energy, Gary Cunningham, Moderna Inc


Why Booking Holdings, Expedia, and Sabre Corporation Stocks All Popped 10% (Or More) Today

Why all the optimism about travel in the midst of a pandemic -- and a pandemic-induced recession? Investors are starting to look forward to the day when a cure for coronavirus will be found, this recession will be over, and business will eventually return to normal. Reinforcing that belief, biotech Moderna Inc. this morning released "interim Phase 1 data" on a vaccine it has under development -- "mRNA-1273" -- which suggests the vaccine "was generally safe and well tolerated" in the clini...
Tags: Travel, Moderna Inc, Holdings Expedia, Sabre Corporation Stocks All Popped


MIDEAST STOCKS-Markets lifted by global rally and oil prices - Reuters

MIDEAST STOCKS-Markets lifted by global rally and oil prices - Reuters:Major Middle East stock markets closed higher on Tuesday,tracking a rise in global equities and a recovery in oil prices, with SaudiArabia leading gains on the back of oil giant Saudi Aramco.Global equity markets surged on Monday and Asian shares extended gains onTuesday after data on Moderna Inc's COVID-19 vaccine, the first to betested in the United States, showed it produced protective antibodies in a smallgroup of healthy...
Tags: Travel, United States, Middle East, Reuters, Rupert Neil Bumfrey, Marie Salem, Moderna Inc, Saudi Aramco Global



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