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Posts filtered by tags: Wael Makarem[x]


 

#Saudi at its highest in over 15-years, #Qatar edges up | Reuters

Saudi at its highest in over 15-years, Qatar edges up | Reuters Saudi Arabia's stock market ended higher on Thursday, to remain at its highest in over 15 years, amid strong oil prices, while the Qatari index registered its twelfth weekly gain in thirteen.Investors remain optimistic in the region. Equities are buoyed by the good earnings season and the high level of energy prices, said Wael Makarem, senior market strategist at Exness."Additionally, the improved sanitary conditions should he...
Tags: Travel, Saudi Arabia, Qatar, Hsbc, Kuwait, Reuters, Reuters Saudi Arabia, Gulf Cooperation Council GCC, Tasi, UAE Egypt, Rupert Neil Bumfrey, Al Rajhi Bank, Dr Sulaiman Al Habib Medical Services Group, Wael Makarem, United Development Co UDCD QA


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


#AbuDhabi outperforms Gulf markets; Saudi retreats | Reuters

Abu Dhabi outperforms Gulf markets; Saudi retreats | Reuters Most stock markets in the Gulf ended higher on Monday, mirroring strong oil prices, although the Saudi index snapped a four-day winning streak on profit taking.Oil prices hit multi-year highs buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation.Saudi Arabia's benchmark index (.TASI) eased 0.1%, hit by a 1.5% fall in petrochemical maker Saudi Basic...
Tags: Travel, Saudi Arabia, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Bahrain, Gulf, Reuters, Qatar National Bank, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, First Abu Dhabi Bank FAB, Emirates Telecommunications Group Etisalat, Commercial International Bank COMI


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 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 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 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: 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 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 #Dubai index at highest in over 2 years; #Saudi dips | Reuters

MIDEAST STOCKS Dubai index at highest in over 2 years; Saudi dips | Reuters Dubai's stocks closed at their highest level in over two years on Wednesday, bolstered by gains in real estate shares, while the Saudi index ended three sessions of gains ahead of the OPEC+ meet.Dubai's main share index (.DFMGI) gained 0.5%, with its biggest listed property firm Emaar properties (EMAR.DU) rising 1.4%, while its unit Emaar Malls (EMAA.DU), operator of glitzy Middle East shopping centers, advanced ...
Tags: Travel, Russia, Opec, Middle East, Dubai, Abu Dhabi, Uae, Namshi, Reuters, Tadawul, SPAC, Adi, Emaar Properties, Petroleum Exporting Countries OPEC, Emaar, Tasi


MIDEAST STOCKS #Saudi market shrugs off China data as most Gulf bourses retreat | Reuters

MIDEAST STOCKS Saudi market shrugs off China data as most Gulf bourses retreat | Reuters Saudi Arabia's stock market outperformed its regional peers on Tuesday, while most other Gulf bourses remained pressured on worries about China's slowing economic growth.GCC bourses were under the weight of international economic concerns. The Chinese manufacturing index is softer than expected signalling a slowing economy and U.S. consumer confidence in the economy is expected to be a little lower, sa...
Tags: Travel, Saudi Arabia, China, Iraq, Qatar, Iran, GCC, Dubai, Abu Dhabi, Baghdad, Gulf, Reuters, Reuters Saudi Arabia, Emaar, Tasi, Saudi Telecom Company


MIDEAST STOCKS #Saudi drives most Gulf bourses higher; Qatar dips | Reuters

MIDEAST STOCKS Saudi drives most Gulf bourses higher; Qatar dips | Reuters Most stock markets in the Gulf ended higher on Sunday, with the Saudi index leading the gains, reflecting a positive tone following the annual central banks' symposium and a rise in oil prices."GCC markets should progress in positive territory this week as they react to the U.S. Federal Reserve chairman intervention at the Jackson Hole symposium on Friday," said Wael Makarem senior market strategist at Exness."Inves...
Tags: Travel, Saudi Arabia, Qatar, GCC, Dubai, Abu Dhabi, Gulf of Mexico, Jackson Hole, Gulf, Reuters, U S Federal Reserve, Adi, Emaar, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank


MIDEAST STOCKS Most major Gulf bourses fall; oil lifts #Saudi stocks | Reuters

MIDEAST STOCKS Most major Gulf bourses fall; oil lifts Saudi stocks | Reuters Most major stock markets in the Gulf ended lower on Wednesday, after weak economic data from Germany, Europe's biggest economy.In Abu Dhabi, the index (.ADI) fell 0.2%, weighed down by a 0.5% fall in Emirates Telecommunications Group (ETISALAT.AD) and a 1% decline in Alpha Dhabi Holdings (ALPHADHABI.AD)."Investor sentiment remains cautious and exposed to any doubts regarding the (global) economy," said Wael Makar...
Tags: Travel, Europe, Saudi Arabia, Qatar, Turkey, Dubai, Brent, Federal Reserve, Abu Dhabi, Gulf, Reuters, Riyad Bank, Tasi, Germany Europe, Rupert Neil Bumfrey, QSI


MIDEAST STOCKS IHC boosts #AbuDhabi index; other markets little changed | Reuters

MIDEAST STOCKS IHC boosts Abu Dhabi index; other markets little changed | Reuters Major stock markets in the Gulf ended mixed on Monday, with the Abu Dhabi index outperforming the region as International Holding (IHC) continued its winning streak.Saudi Arabia's benchmark index (.TASI) added 0.1%, with Al Rajhi Bank (1120.SE) rising 0.5% and Riyad Bank (1010.SE) advancing 1.3%.On the other hand, oil giant Saudi Aramco (2222.SE) retreated 1%.Aramco is in advanced talks to acquire a roughly 2...
Tags: Travel, Saudi Arabia, Qatar, GCC, Abu Dhabi, Gulf, Mena, Reuters, Aramco, Bloomberg News, Adi, Reliance Industries Ltd, Reuters Major, Riyad Bank, IHC, Emaar


#AbuDhabi outperforms Gulf markets | Reuters

Abu Dhabi outperforms Gulf markets | ReutersThe Abu Dhabi stock market ended higher on Tuesday, reaching its highest level since 2005, while the Saudi index was supported by utility company Saudi Electricity after it reported strong full-year earnings.In Abu Dhabi, the index finished 1.5% higher, led by a 2.7% gain in telecoms firm Etisalat and a 1.3% increase in the country’s largest lender First Abu Dhabi BankAbu Dhabi, the capital of the United Arab Emirates, started trading a Murban crude fu...
Tags: Travel, Saudi Arabia, China, Qatar, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Emirates NBD, ICM, Etisalat, Julphar, Rupert Neil Bumfrey, Saudi Electricity


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



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