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MIDEAST STOCKS Major Gulf markets mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf markets mixed in early trade | Reuters Major stock markets in the Gulf were mixed in early trade on Thursday, with the Dubai index on course to snap two sessions of gains on weakness in banks.In Saudi Arabia, the index (.TASI) rose 0.3% as Al Rajhi Bank (1120.SE) gained 0.4%, while Sahara International Petrochemical Company (SIPCHEM) (2310.SE) jumped 4.5% after proposing a first-half dividend of 0.75 riyal per share.SIPCHEM said in a separate filing it planned to moth...
Tags: Travel, Saudi Arabia, Qatar, Middle East, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Reuters Major, Tasi, Rupert Neil Bumfrey, QSI, Nasdaq Dubai, Sipchem, Al Rajhi Bank


MIDEAST STOCKS Major Gulf indexes mixed, #Saudi market gains | Reuters

MIDEAST STOCKS Major Gulf indexes mixed, Saudi market gains | Reuters Major Gulf stock markets were mixed in early trade on Thursday with the Saudi index supported by gains in financial shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, helped by a 0.2% gain in Al Rajhi Bank (1120.SE) and 0.8% rise in Riyad Bank (1010.SE).Goldman Sachs raised its expectations for Saudi Arabian growth this year and in 2022 amid rising oil prices and an increase in oil output by the kingdom.Dubai's mai...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Commercial Bank, Tasi, Rupert Neil Bumfrey, ADCB, QSI, Al Rajhi Bank, Qatar National Bank QNBK, Abu Dhabi Commercial Bank ADCB ADCB, Dubai Investments DINV


MIDEAST STOCKS Most major Gulf bourses in red; financials aid #Saudi | Reuters

MIDEAST STOCKS Most major Gulf bourses in red; financials aid Saudi | Reuters Most major stock markets in the Gulf ended lower on Wednesday, with the Dubai index leading the losses, while financial shares bolstered the Saudi bourse.Dubai's main share index (.DFMGI) declined 1%, with sharia-compliant lender Dubai Islamic Bank (DISB.DU) and blue-chip developer Emaar Properties (EMAR.DU) both losing 1.4%.Elsewhere, DAMAC Properties (DAMAC.DU) retreated 1.5%.Last week, United Arab Emirates prop...
Tags: Travel, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Riyad Bank, Tasi, Rupert Neil Bumfrey, ADCB, QSI, Hussain Sajwani, Gulf Egypt, DFMGI


MIDEAST STOCKS Major stock markets in the Gulf end mixed | Reuters

MIDEAST STOCKS Major stock markets in the Gulf end mixed | Reuters Major stock markets in the Gulf ended mixed on Tuesday, with financial shares weighing on the Saudi index and property stocks bolstering Dubai.Saudi Arabia's benchmark index (.TASI) dropped 0.8%, weighed down by a 2.1% decline in Al Rajhi Bank (1120.SE) and a 2.3% slide in Saudi Telecom Company (7010.SE).The kingdom's inflation rate rose for the second consecutive month in May, climbing to 5.7% from 5.3% in April, again refl...
Tags: Travel, Qatar, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Reuters Major, Dubai Saudi Arabia, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, QSI, Hussain Sajwani, Al Rajhi Bank


MIDEAST STOCKS Rising oil prices, economic recovery lift Gulf stocks | Reuters

MIDEAST STOCKS Rising oil prices, economic recovery lift Gulf stocks | Reuters Major stock markets in the Gulf ended higher on Monday, as investors eye economic recovery and rising oil prices which gained on an improved outlook for worldwide fuel demand. Brent was up 64 cents, or 0.9%, at $73.34 a barrel by 1246 GMT, its highest since May 2019. "GCC economies tend to heavily depend on oil price movements and should see solid support thanks to rising crude prices. This effect will be ob...
Tags: Travel, France, Saudi Arabia, Qatar, Egypt, GCC, Dubai, Abu Dhabi, Cairo, Gulf, Reuters, Reuters Major, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, QSI


MIDEAST STOCKS #Saudi index outperforms as financials boost; Egypt falls | Reuters

MIDEAST STOCKS Saudi index outperforms as financials boost; Egypt falls | Reuters Saudi Arabian shares ended higher on Sunday, outperforming other Gulf peers, buoyed by gains in banking stocks, while Egypt's blue-chip index extended losses.Saudi Arabia's benchmark index (.TASI) advanced 0.9%, lifted by a 3.8% rise in Al Rajhi Bank (1120.SE) and a 3.6% increase in Saudi Telecom Company (7010.SE).Elsewhere, Dur Hospitality Co (4090.SE) finished 0.6% higher after the firm said it is in merger ...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Uae, Gulf, Reuters, United Arab Emirates UAE, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, Reuters Saudi Arabian


MIDEAST STOCKS #Saudi index firms as other Gulf markets remain subdued | Reuters

MIDEAST STOCKS Saudi index firms as other Gulf markets remain subdued | Reuters Major Gulf stock markets were little changed in early trade on Sunday, though the Saudi index was up 0.4% to extend gains from the previous four sessions.Saudi Arabia's benchmark index (.TASI) was buoyed by Al Rajhi Bank (1120.SE) advancing by 0.8% while Saudi Telecom Company (7010.SE) was up 0.6%.In a blow for the Saudi economy the kingdom has restricted the annual haj pilgrimage to its own citizens and residents ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Mecca, Abu Dhabi, Uae, Medina, Gulf, Reuters, United Arab Emirates UAE, Saudi Press Agency, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, Industries Qatar


MIDEAST STOCKS Most Gulf markets rise as oil rebounds; Egypt bucks trend | Reuters

MIDEAST STOCKS Most Gulf markets rise as oil rebounds; Egypt bucks trend | Reuters Major stock markets in the Gulf ended higher on Thursday, supported by a rebound in oil prices, but the Egyptian index bucked the trend to close lower.Brent crude oil futures LCOc1 were up 18 cents, or 0.25%, at $72.40 a barrel by 1024 GMT, holding just shy of a high not seen since May 2019.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, extending gains for the fourth consecutive session, with Al Rajhi...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, Riyad Bank, Tasi, Rupert Neil Bumfrey, Industries Qatar, EIG Global Energy Partners, QSI


MIDEAST STOCKS Gulf markets up as oil prices rise; deals boost #UAE, Bahrain | Reuters

MIDEAST STOCKS Gulf markets up as oil prices rise; deals boost UAE, Bahrain | Reuters Gulf stock markets rose in early trade on Wednesday tracking oil prices, with merger and acquisition deals providing an additional boost to the markets in the United Arab Emirates and Bahrain.Oil prices rose for a second session on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the U.S. secretary of state said sanctions against Tehran w...
Tags: Travel, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Tehran, Bahrain, Gulf, Reuters, State, U S, Tasi, Reuters Gulf, Rupert Neil Bumfrey, ADCB, Damac


MIDEAST STOCKS #AbuDhabi, #Saudi manage small gains; other Gulf indexes muted | Reuters

MIDEAST STOCKS Abu Dhabi, Saudi manage small gains; other Gulf indexes muted | Reuters Major Gulf markets ended lower on Tuesday, while Abu Dhabi and Saudi Arabia eked out marginal gains, as sentiment was pressured by weak oil prices.Brent crude was down 58 cents, or 0.8%, at $70.91 a barrel by 1218 GMT, after declining 0.6% on Monday. U.S. West Texas Intermediate oil was off by 55 cents, or 0.8%, at $68.68 a barrel, having dropped by 0.6% in the previous session. read moreThe movement in ...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Emaar, Tasi, Medical Services, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, QSI, Al Rajhi Bank, Gulf Egypt


MIDEAST STOCKS Most Gulf markets fall; #Dubai rises on real estate strength | Reuters

MIDEAST STOCKS Most Gulf markets fall; Dubai rises on real estate strength | Reuters Most major Gulf stock markets fell in early trading on Tuesday, while Dubai bucked the trend, supported by gains in real estate shares.In Dubai, the main share index (.DFMGI) rose 0.2%, led by a 2.3% gain in Damac Properties (DAMAC.DU) and a 0.5% increase in blue-chip developer Emaar Properties (EMAR.DU).On Sunday, Emaar reported a more than three-fold jump in property sales for the first five months of 2021.T...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Rupert Neil Bumfrey, QSI, First Abu Dhabi Bank FAB, Abu Dhabi Islamic Bank ADIB, Qatar Fuel QFLS QA, Industries Qatar IQCD QA, Damac Properties DAMAC, Emaar Properties EMAR DU On Sunday Emaar


MIDEAST STOCKS Emaar lifts #Dubai; Egypt declines on banks | Reuters

MIDEAST STOCKS Emaar lifts Dubai; Egypt declines on banks | Reuters Dubai's stock market closed higher on Monday after blue-chip developer Emaar Properties reported strong property sales, while the Egypt index was weighed down by a drop in its biggest lender Commercial International Bank.The main share index in Dubai (.DFMGI) rose 0.7%, boosted by a 1.5% rise in Emaar Properties (EMAR.DU) after the company posted a more than three-fold jump in property sales for the first five months of 202...
Tags: Travel, Saudi Arabia, Russia, Qatar, Egypt, Dubai, Moscow, Abu Dhabi, Reuters, Emaar Properties, QNB, Emaar, Tasi, Rupert Neil Bumfrey, Industries Qatar, Commercial International Bank


MIDEAST STOCKS Major Gulf markets end mixed, Egypt snaps losing streak | Reuters

MIDEAST STOCKS Major Gulf markets end mixed, Egypt snaps losing streak | Reuters Major stock markets in the Gulf ended mixed on Sunday, with property shares weighing on the Dubai index, while Egypt snapped a three-session losing streak to close 0.7% higher.Saudi Arabia's benchmark index (.TASI) closed 0.1% lower, snapping eight straight sessions of gains, with Saudi Telecommunications (7030.SE) and Riyad Bank (1010.SE) dropping 1.3%.The Abu Dhabi index (.ADI) closed 0.3% higher, as telecoms...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Reuters Major, Riyad Bank, Tasi, Rupert Neil Bumfrey, QSI, Gulf Egypt, Emaar Properties EMAR DU


MIDEAST STOCKS Most major Gulf markets fall, #Saudi bucks trend | Reuters

MIDEAST STOCKS Most major Gulf markets fall, Saudi bucks trend | Reuters Most major Gulf stock markets fell on Sunday, led by the Abu Dhabi bourse, while Saudi Arabia closed higher supported by gains in telecom and healthcare shares.In Abu Dhabi, the main share index (.ADI) lost 0.5%, weighed down by a 1.5% fall in First Abu Dhabi Bank (FAB.AD) and an 8.1% slide in Abu Dhabi National Company for Distribution (ADNOC Distribution) (ADNOCDIST.AD).ADNOC Distribution, the largest operator of pet...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Commercial Bank, Tasi, ADNOC, Rupert Neil Bumfrey, Saudi Telecom, QSI, Al Rajhi Bank, First Abu Dhabi Bank


MIDEAST STOCKS Most major Gulf markets gain; #AbuDhabi falls | Reuters

MIDEAST STOCKS Most major Gulf markets gain; Abu Dhabi falls | Reuters Most major stock markets in the Gulf ended higher on Wednesday, with the Dubai index leading gains on back of top lender Emirates NBD.Saudi Arabia's benchmark index (.TASI) added 0.2%, supported by a 5.5% rise in Dr Sulaiman Al-Habib Medical Services (4013.SE).The value of Saudi Arabia's oil exports in March rose by 75% year on year to 52.3 billion riyals ($13.95 billion), official data showed on Wednesday. read moreNon-...
Tags: Travel, Saudi Arabia, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Emirates NBD, Amazon com Inc, NMC, Tasi, Rupert Neil Bumfrey, Dubai Islamic Bank, QSI


MIDEAST STOCKS #Saudi leads major Gulf markets higher; Egypt slides | Reuters

Major stock markets in the Gulf ended higher on Tuesday, with the Saudi index leading the way, while broad-based losses pulled Egyptian shares lower amid media reports the country's National Bank is set to raise $1 billion to refinance debt.Egypt's blue-chip index (.EGX30) declined 2.1%. Most of the stocks on the index were in negative territory, including Commercial International Bank (COMI.CA), which dropped 2%.Saudi Arabia's benchmark index (.TASI) finished 1.3% higher, buoyed by a 1.8% ri...
Tags: Travel, Saudi Arabia, Russia, Qatar, Egypt, United Arab Emirates, Abu Dhabi, Gulf, Reuters, Adi, Riyad Bank, Alexander Novak, QNB, National Bank, Tasi, Rupert Neil Bumfrey


MIDEAST STOCKS #Qatar falls on broad-based losses; #AbuDhabi gains | Reuters

MIDEAST STOCKS Qatar falls on broad-based losses; Abu Dhabi gains | Reuters Broad-based losses pulled Qatari shares lower on Monday, with all stocks on the index except one in negative territory, while the Abu Dhabi index was buoyed by its top lender.The Qatari benchmark (.QSI) retreated 1.3%, falling for a fourth consecutive session. Petrochemical maker Industries Qatar (IQCD.QA) slid 3.8%, the biggest decline on the index."Qatar is still facing lockdowns and slower vaccination rates th...
Tags: Travel, Saudi Arabia, Qatar, House, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, Etihad Etisalat, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, First Abu Dhabi Bank


MIDEAST STOCKS Most major Gulf markets gain; #Qatar eases | Reuters

MIDEAST STOCKS Most major Gulf markets gain; Qatar eases | Reuters Major stock markets in the Gulf rose in early trade on Monday, with Dubai on course to extend gains for a sixth session, although Qatar bucked the trend to trade lower.In Abu Dhabi, the index (.ADI) advanced 1.2%, buoyed by a 2.8% rise in the country's biggest lender First Abu Dhabi Bank (FAB.AD).Saudi Arabia's benchmark index (.TASI) edged up 0.1%, helped by a 0.3% increase in petrochemical firm Saudi Basic Industries (2010.SE...
Tags: Travel, Saudi Arabia, Qatar, House, Dubai, Copenhagen, Abu Dhabi, Gulf, Reuters, Emirates NBD, Reuters Major, Tasi, Rupert Neil Bumfrey, QSI, First Abu Dhabi Bank, Emirates NBD ENBD


MIDEAST STOCKS Major Gulf indexes mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf indexes mixed in early trade | Reuters Major Gulf stocks were mixed early on Sunday, with the Dubai index on track to extend gains for a fifth consecutive session, buoyed by property companies.The main Dubai share index (.DFMGI) gained 0.9%, with blue-chip developer Emaar Properties (EMAR.DU) rising 1.5% while its shopping malls unit Emaar Malls (EMAA.DU) gained 1%.Dubai house prices are expected to rise for the first time in six years this year, supported by a swift ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, First Abu Dhabi Bank FAB, Emaar Properties EMAR, Emirates NBD Bank ENBD DU, International Holding IHC


MIDEAST STOCKS Major Gulf markets trade mixed ahead of Eid holidays | Reuters

MIDEAST STOCKS Major Gulf markets trade mixed ahead of Eid holidays | Reuters Major stock markets in the Gulf were mixed early on Monday in thin trade ahead of Eid al-Fitr holidays, with the Saudi index supported by financial shares.Saudi Arabia's benchmark index (.TASI) edged up 0.2%, a day after trading flat. Saudi Telecom Company (7010.SE) rose 0.5%, while Saudi National Bank (1180.SE), the kingdom's largest lender, was up 0.3%.Among others, Bank AlJazira (1020.SE) added 0.8%, as the lender...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Bank, Gulf, Reuters, Reuters Major, Tasi, Air Arabia, Saudi Telecom Company, Rupert Neil Bumfrey, Industries Qatar, QSI, First Abu Dhabi Bank


MIDEAST STOCKS #AbuDhabi leads most major Gulf markets higher in early trade | Reuters

Most major Gulf stock markets rose in early trade on Sunday, with aquaculture firm International Holding continuing to support the Abu Dhabi index.The index (.ADI) increased 0.7%, with First Abu Dhabi Bank (FAB.AD), the country's largest lender, rising 0.7%, whereas International Holding (IHC.AD) climbed over 1%, on track to extend gains for a fourth consecutive session.International Holding posted 1.5 billion dirhams ($408.4 million) of profit in the first quarter compared with 112.2 million di...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Etisalat, Jabal Omar, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, First Abu Dhabi Bank, Etisalat ETISALAT, International Holding


MIDEAST STOCKS Banks buoy #Saudi index; other major Gulf bourses dip | Reuters

MIDEAST STOCKS Banks buoy Saudi index; other major Gulf bourses dip | Reuters Saudi Arabia's stock market outperformed the region on Wednesday, boosted by gains in financial shares, while other major Gulf markets ended lower.Saudi Arabia's Crown Prince Mohammed bin Salman said on Tuesday the kingdom had no plans to introduce income tax and a decision last July to triple value-added tax to 15% was temporary. read moreThe country had tripled VAT to offset the impact of lower oil revenue on s...
Tags: Travel, Indonesia, Saudi Arabia, United Arab Emirates, Abu Dhabi, Gulf, Reuters, Aramco, Mohammed bin Salman, Adi, Reuters Saudi Arabia, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, QSI, Al Rajhi Bank


MIDEAST STOCKS #Saudi shares gain as major Gulf markets ease | Reuters

Saudi Arabia's stock market traded higher on Wednesday, on track to extend gains for a fifth session, while other major Gulf markets were subdued in early trade.The kingdom's benchmark index (.TASI) gained 0.7%, buoyed by a 0.9% gain in Al Rajhi Bank (1120.SE) and a 1.5% rise in petrochemical maker Saudi Basic Industries. (2010.SE)Among others, Rabigh Refining and Petrochemical Company (2380.SE) surged 10%, after the firm posted quarterly net profit.Saudi Arabia's Crown Prince Mohammed bin Salma...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Mohammed bin Salman, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, QSI, Al Rajhi Bank, First Abu Dhabi Bank, Emirates NBD ENBD


MIDEAST STOCKS Most major Gulf bourses gain on corporate earnings | Reuters

MIDEAST STOCKS Most major Gulf bourses gain on corporate earnings | Reuters Major stock markets in the Gulf closed higher on Monday, with the Saudi index leading gains after a slew of strong corporate earnings.Saudi Arabia's benchmark index (.TASI) rose 0.9%, boosted by a 1.8% gain in Al Rajhi Bank (1120.SE) and a 8.9% surge in Bank Al Jazira (1020.SE), which reported an increase in its quarterly net profit.Elsewhere, Saudi National Bank (SNB) (1180.SE) closed 0.9% higher. The kingdom's lar...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, Tasi, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, QSI, NMC Health, Al Rajhi Bank


MIDEAST STOCKS Major Gulf bourses off to a mixed start | Reuters

MIDEAST STOCKS Major Gulf bourses off to a mixed start | ReutersMajor Gulf markets were mixed in early trade on Sunday, with the Saudi index on track to extend gains from the previous session helped by in healthcare and petrochemical shares.Saudi Arabia's benchmark index (.TASI) gained 0.3%, with Dr Sulaiman Al-Habib Medical Services (4013.SE) rising 1.8% and Saudi Kayan Petrochemical (2350.SE) jumping 4.4%.The petrochemical firm posted a net profit of 492.9 million riyals in first-quarter compa...
Tags: Travel, Saudi Arabia, India, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Adi, Commercial Bank, Tasi, Rupert Neil Bumfrey, QSI, DFMGI


MIDEAST STOCKS Most major Gulf markets gain; #Qatar dips | Reuters

MIDEAST STOCKS Most major Gulf markets gain; Qatar dips | ReutersMost major stock markets in the Gulf rose in early trade on Thursday, supported by a slew of corporate earnings, although Qatar bucked the trend to trade lower.Saudi Arabia's benchmark index (.TASI) added 0.1%, driven by a 0.6% increase in Saudi National Bank (1180.SE), while Alinma Bank (1150.SE) climbed 1.6% following a surge in first-quarter net profit.Separately, Saudi Tadawul Group has short-listed three local and three foreig...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, QSI, First Abu Dhabi Bank, IPO Reuters, Alinma Bank, Emaar Properties EMAR, Emirates NBD Bank ENBD, United Development Company


MIDEAST STOCKS Ex-dividend stocks hit #Dubai as Gulf markets mixed | Reuters

MIDEAST STOCKS Ex-dividend stocks hit Dubai as Gulf markets mixed | ReutersShare markets in the Gulf were mixed on Tuesday, with the Dubai index hit by stocks trading ex-dividend.Dubai's main share index (.DFMGI) fell 0.7%, weighed down by a 3.1% drop in blue-chip developer Emaar Properties (EMAR.DU) and a 3.7% decline in Dubai Investments (DINV.DU) as both traded ex-dividend.However, Emirates NBD (ENBD) (ENBD.DU) rose 0.4%, on track to extend gains from the previous session.ENBD, Dubai's bigges...
Tags: Travel, Turkey, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, Emaar Properties EMAR DU, Denizbank, Joint Organisations Data Initiative JODI, International Holding IHC


MIDEAST STOCKS- #Saudi shares outperform on $1.3 trillion private investment push | Nasdaq

Saudi Arabia's stock market rose sharply on Wednesday, after the country announced a huge investment push led by Aramco and SABIC, while other major Gulf markets were mixed.The kingdom's crown prince said oil firm Aramco and petrochemical firm SABIC would lead 5 trillion riyals ($1.3 trillion) of investments by the local private sector by 2030 under a programme announced on Tuesday for economic diversification.This is part of 12 trillion riyals worth of investments planned by 2030, Crown Prince ...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Aramco, Mohammed bin Salman, SABIC, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, DFMGI, Emaar Properties EMAR DU, Commercial Bank COMB QA, However Aamal Company AHCS QA


MIDEAST STOCKS- #AbuDhabi leads major Gulf markets higher | Nasdaq

The Abu Dhabi stock market rose on Tuesday, boosted by a surge in pharmaceutical firm Julphar, while other major markets in the region were also firm in early trade.Julphar begun interim manufacturing of a vaccine from China's Sinopharm, part of a joint venture between Sinopharm and Abu Dhabi-based G42.Under the JV, a new main plant is being built in Abu Dhabi with production capacity of 200 million Hayat-Vax doses a year.In Abu Dhabi, the index .ADI gained 0.8%, buoyed by the 14% jump in Gulf P...
Tags: Travel, Saudi Arabia, China, Dubai, Abu Dhabi, Gulf, Sheikh Mohammed bin Rashid al Maktoum, Julphar, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Masraf Al Rayan, Emaar Properties EMAR, Sinopharm


MIDEAST STOCKS- #Dubai index leads most of Gulf lower; Egypt extends gains | Nasdaq

Most Gulf markets ended lower on Thursday as new coronavirus restrictions in Europe revived worries about demand for oil products, while stocks trading ex-dividend hit bourses in United Arab Emirates.In Dubai, the main share index .DFMGI dropped 0.8%, with sharia-compliant lender Dubai Islamic Bank DISB.DU sliding 4.2%, its biggest intraday fall since mid-December, as the stock went ex-dividend.The index snapped three consecutive weekly gains, shedding 4.2% during the week.Dubai's economy, which...
Tags: Travel, Europe, New York, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, SPAC, Tasi, Rupert Neil Bumfrey, QSI, National Commercial Bank