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Most Gulf bourses track oil prices higher; Egypt extends losses | Reuters

Most Gulf bourses track oil prices higher; Egypt extends losses | Reuters Most major stock markets in the Gulf ended higher on Tuesday, tracking global peers and a rebound in oil prices, as geopolitical risks in Europe and the Middle East fuelled supply disruption in an already tight market.Oil prices were jittery as investors traded prudently in the face of the rising tensions in Eastern Europe while the confrontation with Russia continues, said Eman AlAyyaf, CEO of EA Trading.Saudi Arabi...
Tags: Travel, Europe, Russia, Qatar, Egypt, Middle East, Dubai, Abu Dhabi, Eastern Europe, Cairo, Gulf, Reuters, U S Federal Reserve, Tasi, ADNOC, Rupert Neil Bumfrey


#UAE bourses end higher on financial, telecom boost | Reuters

UAE bourses end higher on financial, telecom boost | Reuters Stock markets in the United Arab Emirates (UAE) closed in the green on Friday, with Dubai's index buoyed by the financial sector and Abu Dhabi's riding on the back of telecom gains.Dubai's main share index (.DFMGI) added 1.3%, as Emirates NBD Bank (ENBD.DU) registered its best jump since April 2020 of 6.3% ahead of its earnings results next week.Analysts expect the bank to post a net profit of more than 9 billion dirhams ($2.45 b...
Tags: Travel, Dubai, Abu Dhabi, Uae, Reuters, United Arab Emirates UAE, Reuters Stock, Rupert Neil Bumfrey, First Abu Dhabi Bank, Emirates NBD Bank ENBD, Etisalat Group ETISALAT


Gulf bourses end mixed; #Saudi at 15 year high | Reuters

Gulf bourses end mixed; Saudi at 15 year high | Reuters Stock markets in the Gulf ended mixed on Monday, with the Saudi index extending gains from the previous sessions when it reached its highest in over 15 years.Saudi Arabia's benchmark index (.TASI) gained 0.5%, at its highest since July 2006, led by a 1.4% rise in the kingdom's biggest lender Saudi National Bank (1180.SE) and a 1.8% increase in Saudi Telecom Company (7010.SE).Oil prices, a key catalyst for the Gulf's financial markets,...
Tags: Travel, Saudi Arabia, Iran, United Arab Emirates, Dubai, Abu Dhabi, Yemen, Uae, Gulf, Reuters, Qatar National Bank, Tasi, Rupert Neil Bumfrey, QSI, Gulf Egypt, Qatar Islamic Bank QISB QA


#UAE markets drop after Fed officials signal March rate hike | Reuters

UAE markets drop after Fed officials signal March rate hike | Reuters Stock markets in the United Arab Emirates ended in the red on Friday, mirroring weakness in Asian peers, as more Fed policymakers signalled they would start to raise U.S. interest rates in March to combat inflation.Dubai's main share index (.DFMGI) fell 0.4% after gains in the previous session, as Emirates NBD Bank (ENBD.DU) shed 1.1% and blue-chip developer Emaar Properties (EMAR.DU) lost 0.8%.Abu Dhabi's index (.FTFADG...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Uae, Fed, Reuters, Reuters Stock, Rupert Neil Bumfrey, Emaar Properties EMAR DU, International Holding Company, Emirates NBD Bank ENBD, Etisalat Group ETISALAT


Major Gulf bourses mixed in early trade | Reuters

Major Gulf bourses mixed in early trade | Reuters Major stock markets in the Gulf were mixed in early trade on Thursday, in line with Asian shares as global investors assessed that strong U.S. inflation data was not worrying enough to change the Federal Reserve's already hawkish rates outlook.MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.1% higher, after recording its biggest daily gain in a month on Wednesday.Saudi Arabia's benchmark index (.TASI) gained 0.3...
Tags: Travel, Japan, Saudi Arabia, Iraq, Qatar, Asia Pacific, Dubai, Federal Reserve, Abu Dhabi, Gulf, Reuters, Kurdistan Region, Reuters Major, Tasi, Crescent Petroleum, Rupert Neil Bumfrey


Gulf bourses close mixed ahead of Powell testimony | Reuters

Gulf bourses close mixed ahead of Powell testimony | Reuters Stock markets in the Gulf ended mixed on Tuesday, as investors awaited U.S. Federal Reserve Chair Jerome Powell's appearance before the Senate Banking Committee, hoping for cues on the timing of expected policy tightening.In Abu Dhabi, the index (.ADI) dropped 0.3%, extending losses for a sixth session, with Emirates Telecommunications Group (ETISALAT.AD) losing 1.8%.Dubai's main share index (.DFMGI) retreated 0.7%, hit by a 0.8% ...
Tags: Travel, Egypt, Dubai, Brent, Abu Dhabi, Uae, Gulf, Fed, Reuters, Powell, Adi, Reuters Stock, Jerome Powell, Senate Banking Committee, U S Federal Reserve Chair, Tasi


Most major Gulf bourses fall on Omicron worries | Reuters

Most major Gulf bourses fall on Omicron worries | Reuters Most major Gulf shares fell in early trade on Tuesday, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment.In Abu Dhabi, the benchmark index (.FTFADGI) declined 1.1%, dragged down by a 3% drop in Emirates Telecommunications Group (ETISALAT.AD) and a 0.5% decrease in the country's largest lender First Abu Dhabi Bank (FAB.AD).Dubai's main share index (.DFMGI) slipped 0.3%, with top lend...
Tags: Travel, Saudi Arabia, Qatar, World Trade Organization, United Arab Emirates, Dubai, Abu Dhabi, Doha, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, First Abu Dhabi Bank, DFMGI, Emirates Telecommunications Group Etisalat, Emirates NBD Bank ENBD


Major Gulf bourses mixed as Omicron fears weigh | Reuters

Major Gulf bourses mixed as Omicron fears weigh | Reuters Major stock markets in the Gulf were mixed in early trade on Tuesday, as worries weighed that the Omicron variant could slow global economic recovery.Saudi Arabia's benchmark index (.TASI) gained 0.4%, led by a 1.1% rise in Saudi National Bank (1180.SE), the kingdom's largest lender and a 1.5% increase in Sahara International Petrochemical Company (2310.SE).Oil prices, a catalyst for the Gulf's financial markets, rose as investors inter...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Reuters Major, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, QSI, Sahara International Petrochemical Company, Emirates NBD Bank ENBD, Etisalat ETISALAT, Aldar Properties ALDAR, Saudi National Bank


Most Gulf markets end higher as Omicron fears recede | Reuters

Most Gulf markets end higher as Omicron fears recede | Reuters Most stock markets in the Gulf ended higher on Thursday, as worries around the Omicron coronavirus variant eased after a study suggested the strain might be less severe than feared. The risk of needing to stay in hospital for patients infected with the Omicron variant is 40% to 45% lower than those with the Delta variant, according to research by London's Imperial College published on Wednesday.  read more Saudi Arabia's ben...
Tags: Travel, Saudi Arabia, Delta, Dubai, Abu Dhabi, Gulf, Reuters, Saudi Basic Industries Corp, Qatar National Bank, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, Gulf Egypt, Reuters Most, London s Imperial College, Emirates Integrated Telecommunications DU DU


Most major Gulf bourses fall on Omicron worries | Reuters

Most major Gulf bourses fall on Omicron worries | Reuters Most major stock markets in the Gulf ended lower on Tuesday, as investors worried over surging cases of the Omicron coronavirus variant.As Omicron remains the biggest cause for investor caution, economic growth forecasts are being reviewed lower, Farah Mourad, senior market analyst of XTB MENA, said.In Abu Dhabi, the index (.ADI) dropped 1.2%, dragged down by a 5% fall in telecoms firm Etisalat (ETISALAT.AD) and a 0.5% decrease in t...
Tags: Travel, Opec, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, First Abu Dhabi Bank, Central Bank of the United Arab Emirates, Emirates NBD Bank ENBD, Etisalat ETISALAT


Most Gulf bourses tumble on Omicron worries | Reuters

Most Gulf bourses tumble on Omicron worries | Reuters Most stock markets in the Gulf ended lower on Sunday, with the Dubai index leading the downward trend as surging cases of the Omicron coronavirus variant rattled investors.The risk of reinfection with Omicron is more than five times higher and it has shown no sign of being milder than the Delta strain, a study showed, as cases soar across Europe and threaten year-end festivities. read moreSaudi Arabia's benchmark index (.TASI) retreated...
Tags: Travel, Europe, Qatar, United States, Egypt, United Nations, Delta, Dubai, Yemen, Bahrain, Gulf, Reuters, Saudi Basic Industries Corp, Abha, Tasi, Rupert Neil Bumfrey


Major Gulf bourses rise, in line with global shares | Reuters

Major stock markets ended higher on Thursday in line with global shares, after the U.S. Federal Reserve said it would end its pandemic-era bond purchases in March and begin raising interest rates as much as three times next year.Saudi Arabia's benchmark index (.TASI) advanced 1.5%, buoyed by a 2.2% rise in Al Rajhi Bank (1120.SE) and a 6.7% jump in Banque Saudi Fransi (1050.SE).The Saudi bourse continues its recovery as oil prices inched higher providing support to local stocks, said Wael Ma...
Tags: Travel, Saudi Arabia, Ipo, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, U S Federal Reserve, Adi, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, Major Gulf


Most Gulf bourses fall in early trade; #Saudi gains | Reuters

Most Gulf bourses fall in early trade; Saudi gains | Reuters Most stock markets in the Gulf eased in early trade on Wednesday as investors worldwide awaited the U.S. Federal Reserve's plan to wind down asset purchases and start raising interest rates.The Fed's decision will set the tone for the central banks of the European Union, the UK and Japan when they meet this week, and add to pressure for further tightening in emerging markets. read moreIn Abu Dhabi, the index (.ADI) lost 0.3%, hit by ...
Tags: Travel, Japan, UK, Saudi Arabia, European Union, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Fed, Reuters, U S Federal Reserve, Saudi Basic Industries Corp, Qatar National Bank, Rupert Neil Bumfrey, Al Rajhi Bank


Gulf bourses fall on weak oil prices; #Dubai rises | Reuters

Gulf bourses fall on weak oil prices; Dubai rises | Reuters Most stock markets in the Gulf ended lower on Wednesday, weighed by falling oil prices as investors assessed the impact of the Omicron coronavirus variant on the global economy and fuel demand.Brent crude futures were up 32 cents, or 0.4%, at $75.76 a barrel at 1220 GMT, after earlier falling by more than $1.Saudi Arabia's benchmark index (.TASI) dropped 1.1%, with Al Rajhi Bank (1120.SE) losing 2.3% and Banque Saudi Fransi (105...
Tags: Travel, Saudi Arabia, Iran, United States, United Nations, United Arab Emirates, Dubai, Abu Dhabi, Yemen, Jeddah, Gulf, Reuters, Aramco, Tadawul, Sanaa, Houthis


#AbuDhabi leads most Gulf bourses higher; #Qatar dips | Reuters

Most Gulf bourses ended higher on Sunday, with some recouping recent COVID-19-related losses, while the Abu Dhabi index hit another record peak.Saudi Arabia's benchmark index (.TASI) advanced 2.4%, buoyed by a 3.6% rise in Al Rajhi Bank (1120.SE) and a 7.4% leap in the Sahara International Petrochemical Company (2310.SE).The kingdom's non-oil private sector continued to grow in November on the back of strong demand and modest price pressures for businesses. read moreElsewhere, oil giant Saud...
Tags: Travel, France, Saudi Arabia, Opec, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Petroleum Exporting Countries, Tasi, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt


Most Gulf bourses gain in early trade, #Qatar eases | Reuters

Most Gulf bourses gain in early trade, Qatar eases | Reuters Most major stock markets in the Gulf rose in early trade on Sunday, with the Abu Dhabi index leading the gains, although the Qatari bourse bucked the trend.Saudi Arabia's benchmark index (.TASI) gained 0.8%, with Al Rajhi Bank (1120.SE) rising 0.5% and Saudi Basic Industries Corp (2010.SE) putting on 1.1%.Among other gainers, oil giant Saudi Aramco (2222.SE) added 0.4%.Aramco signed five agreements with French companies, including an...
Tags: Travel, France, Saudi Arabia, Wam, Opec, Qatar, United Arab Emirates, Abu Dhabi, Gulf, Reuters, Aramco, Saudi Basic Industries Corp, Petroleum Exporting Countries, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank


Most Gulf bourses tumble on vaccine efficacy concerns | Reuters

Most Gulf bourses tumble on vaccine efficacy concerns | Reuters Most Gulf bourses ended lower on Tuesday, mirroring weakened global shares and oil prices, although the bourses in the United Arab Emirates (UAE) gained ahead of long holiday weekend.A sudden burst of risk aversion gripped most major asset markets across the globe after the head of drugmaker Moderna (MRNA.O) told the Financial Times that COVID-19 vaccines are unlikely to be as effective against the Omicron variant of the cor...
Tags: Travel, Russia, Egypt, Tim Clark, Dubai, Abu Dhabi, Uae, Financial Times, Reuters, Saudi Basic Industries Corp, United Arab Emirates UAE, The World Health Organization, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank


#Saudi bourse suffers biggest fall in over a year after drone attacks | Reuters

Saudi bourse suffers biggest fall in over a year after drone attacks | Reuters Saudi Arabia's stock market had its biggest intraday fall in over a year on Monday as it extended losses from the previous session following drone attacks.The Saudi-led coalition fighting the Houthi movement in Yemen said its air defences destroyed a drone targeting Najran airport in the south of Saudi Arabia, state media reported on Sunday. read moreYemen's Iranian-aligned Houthi movement said on Saturday it had f...
Tags: Travel, Europe, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Yemen, Jeddah, Gulf, Houthi, Reliance, Reuters, Aramco, Saudi Aramco, Reuters Saudi Arabia, Tasi


#Saudi index leads most Gulf bourses higher | Reuters

Most stock markets in the Gulf ended higher on Wednesday, with the Saudi index rising for fourth session in five, while a blue-chip sell-off weighed on Egypt.Saudi Arabia's benchmark index (.TASI) advanced 0.9%, with Al Rajhi Bank (1120.SE) and Saudi National Bank (1180.SE) gaining 1.4% and 3% respectively.Saudi Arabia sold $3.25 billion in dual-tranche bonds on Tuesday comprising a sukuk tranche and a conventional portion in its third international bond sale of the year, a term sheet viewed...
Tags: Travel, Saudi Arabia, Wam, Bloomberg, Egypt, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Egypt Saudi Arabia, Tasi, Rupert Neil Bumfrey, Industries Qatar


Major Gulf bourses mixed in early trade | Reuters

Major Gulf bourses mixed in early trade | Reuters Major stock markets in the Gulf were mixed in early trade on Sunday, with the Saudi index on track to end a four-day losing streak.Oil prices settled higher on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries, Russia and their allies, known as OPEC+, would maintain production cuts.OPEC+ forecasts are still higher than those of the International Energy Agency (IEA), which expects oil demand to grow by ...
Tags: Travel, Saudi Arabia, Russia, Opec, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Mohammed bin Salman, International Energy Agency IEA, Adi, Reuters Major, Qatar National Bank, Tasi, Rupert Neil Bumfrey


MIDEAST STOCKS Most Gulf indexes rise in early trade; #AbuDhabi falls | Reuters

MIDEAST STOCKS Most Gulf indexes rise in early trade; Abu Dhabi falls | Reuters Most major Gulf stock markets rose in early trade on Thursday amid rising oil prices, with the Saudi index on track for a third straight weekly gain.Oil prices reversed previous losses as a bigger-than-expected draw in U.S. gasoline and distillate stocks prompted buying.The uptick was also supported by expectations that soaring natural gas prices as winter approaches will drive a switch to oil to meet heating deman...
Tags: Travel, Saudi Arabia, Wam, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Fitch Ratings, Tasi, Rupert Neil Bumfrey, Abudhabi, First Abu Dhabi Bank FAB, Yanbu National Petrochemicals Co, Emirates NBD Bank ENBD, Qatar National Bank QNBK QA


MIDEAST STOCKS Major Gulf indexes rise, Aramco hits $2 trillion valuation | Reuters

MIDEAST STOCKS Major Gulf indexes rise, Aramco hits $2 trillion valuation | Reuters Major Gulf stock markets tracked Asian shares higher on Thursday, with banks leading gains and oil giant Saudi Aramco hitting a $2 trillion valuation.Asian shares rose, supported by a possible easing in U.S.-China tensions and weaker energy prices, as oil edged down from multi-year highs. read moreA rally in oil prices had been a major contributor to a selloff in equities this week.Saudi Arabia's benchmark inde...
Tags: Travel, Saudi Arabia, China, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Riyadh, Aramco, Saudi Aramco, U S Federal Reserve, Emaar, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries


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 Major Gulf bourses mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf bourses mixed in early trade | Reuters Major stock markets in the Gulf delivered a mixed performance early on Tuesday, with the Saudi index outperforming the region as oil prices rose.Saudi Arabia's benchmark index (.TASI) gained 0.4%, with Al Rajhi Bank (1120.SE) gaining 1.3% and Saudi Aramco (2222.SE), the world's largest oil exporter, up 1.2%.Aramco will complete its 1 million barrel per day (bpd) oil output expansion project by 2027 to bring its total production t...
Tags: Travel, Saudi Arabia, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Adi, Reuters Major, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, Al Rajhi Bank


MIDEAST STOCKS Major Gulf bourses mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf bourses mixed in early trade | Reuters Major stock markets in the Gulf traded mixed early on Sunday, with the Saudi index on course to end five sessions of gains.Saudi Arabia's benchmark index (.TASI) fell 0.2%, hit by a 3.2% fall in Saudi Telecom Company (STC) shares (7010.SE) and a 0.3% decrease in Al Rajhi Bank (1120.SE).Saudi Arabia's Public Investment Fund, the country's sovereign wealth fund, is considering selling part of its 70% stake in STC while retaining ma...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, International Monetary Fund, Abu Dhabi, Gulf, Reuters, Reuters Major, STC, Tasi, ADNOC, Rupert Neil Bumfrey, QSI, Saudi Telecom Company STC


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 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 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 #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