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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 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 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 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


Major Shipping Firms Warn of Worsening Congestion at China's Yantian Port

BEIJING (Reuters) - Major shipping companies have warned clients of worsening congestion at Shenzen's Yantian port in southern China following the...
Tags: China, Beijing, Shenzen, Reuters Major, Yantian, Major Shipping Firms Warn, Yantian Port


MIDEAST STOCKS Major Gulf stocks little changed, Dubai nudges higher | Reuters

MIDEAST STOCKS Major Gulf stocks little changed, Dubai nudges higher | Reuters Major stock markets in the Gulf were little changed in early trade on Sunday, with expectations of economic recovery nudging Dubai higher again after the index snapped an eight-session winning streak at the end of last week.Dubai's index (.DFMGI) was up 0.1% after closing lower on Thursday.The United Arab Emirate's only listed airline Air Arabia (AIRA.DU) rose 1.5%, while shopping mall operator Emaar Mall (EMAA.DU) ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, United Arab Emirate, Reuters Major, Commercial Bank, Tasi, Rupert Neil Bumfrey, Saudi Telecom, Abu Dhabi Commercial Bank ADCB, First Abu Dhabi Bank, Major Gulf


MIDEAST STOCKS Major Gulf markets gain, #Qatar set to snap 4-day losing streak | Reuters

MIDEAST STOCKS Major Gulf markets gain, Qatar set to snap 4-day losing streak | Reuters Major stock markets in the Gulf rose in early trade on Tuesday, with the Qatari index marking a gain after four straight sessions of losses.Saudi Arabia's benchmark index (.TASI) added 0.6%, led by a 0.8% rise in Al Rajhi Bank (1120.SE) and a 3% leap in Riyad Bank (1010.SE).Saudi Arabia, the world's largest oil exporter, is facing a sharp recession because of the coronavirus crisis and depleted oil revenues...
Tags: Travel, Saudi Arabia, Qatar, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, Riyad Bank, Tasi, Rupert Neil Bumfrey, Emirates NBD ENBD DU, Al Rajhi Bank, Dubai Islamic Bank DISB DU, Industries Qatar IQCD, International Holding IHC


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 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 Major Gulf markets end mixed as petchems boost #Qatar | Reuters

MIDEAST STOCKS Major Gulf markets end mixed as petchems boost Qatar | Reuters Major stock markets in the Gulf closed mixed on Tuesday, with petrochemical shares boosting the Qatari index.In Qatar, the benchmark (.QSI) rose 0.6%, led by a 2.9% increase in Industries Qatar (IQCD.QA), extending gains from the previous session when the petrochemical maker reported a higher net profit for the quarter ended March 31.Mesaieed Petrochemical (MPHC.QA) jumped 4.2%, ahead of its first-quarter earnings ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, SNB, Gulf, Reuters, Red Sea, Reuters Major, Yanbu, Tasi, Rupert Neil Bumfrey, ADCB, NMC Health


U.S. Auto Industry to Press Congress Again on Chips Shortage

By David ShepardsonWASHINGTON (Reuters) - Major automakers and suppliers will press Congress again on Tuesday to address the global shortage of...
Tags: Congress, Reuters Major, David ShepardsonWASHINGTON, U S Auto Industry to Press Congress Again


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 Mixed close for Major Gulf bourses | Reuters

MIDEAST STOCKS Mixed close for Major Gulf bourses | Reuters Major stock markets in the Gulf had a mixed session on Monday, with property shares weighing on the Dubai index but few fresh factors to trade on. Saudi Arabia's benchmark index  (.TASI)  gained 0.5%, with petrochemical firm Saudi Basic Industries  (2010.SE)  rising 2.1%, and Yanbu National Petrochemicals Company  (2290.SE)  up 2.8% after reporting a sharp surge in quarterly profit. In Dubai, the main share index  (.DFMGI)  eased ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Reuters Major, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, DFMGI, Major Gulf, Emaar Properties EMAR, Emirates NBD Bank ENBD, Etisalat ETISALAT


Chocolate-Makers Burnish Social-Media Data to Get a Hop on Easter Sales

By Siddharth Cavale and Silke Koltrowitz(Reuters) - Major chocolate makers, including Hershey and Mondelez, say they've turned to social media...
Tags: Reuters Major, Hershey, Mondelez, Silke Koltrowitz, Siddharth Cavale


Auto Industry Urges Biden to Back 'Comprehensive' EV Plan

By David ShepardsonWASHINGTON (Reuters) - Major automakers, parts companies and the United Auto Workers (UAW) union urged U.S. President Joe Biden...
Tags: David, Biden, Reuters Major, United Auto Workers UAW


Dividend Over Digging: Miners Pay Shareholders but Need New Projects

By Zandi ShabalalaLONDON (Reuters) - Major miners need to increase spending to secure fresh copper supply, analysts say, amid worries that...
Tags: Reuters Major, Zandi


Major Currencies on Hold as Investors Keep Eagle Eye on Fed Guidance

By Hideyuki SanoTOKYO (Reuters) - Major currencies held tight ranges on Wednesday as investors looked to the U.S. Federal Reserve's policy meeting...
Tags: U S Federal Reserve, Reuters Major, Hideyuki, Fed Guidance


Binance Probed by CFTC Over Whether U.S. Residents Made Trades: Bloomberg News

(Reuters) - Major cryptocurrency exchange Binance Holdings Ltd is being probed by the Commodity Futures Trading Commission (CFTC) over concerns...
Tags: Cftc, Bloomberg News, Reuters Major, Commodity Futures Trading Commission CFTC, Binance Holdings Ltd


Unions Set for Strikes as Myanmar Crackdown Intensifies

(Reuters) - Major trade unions in Myanmar prepared for strikes on Monday to try to squeeze the country's fragile economy and pile pressure on its...
Tags: Myanmar, Reuters Major, Myanmar Crackdown Intensifies


MicroStrategy Buys 205 Bitcoin for $10 Million

(Reuters) - Major bitcoin corporate backer MicroStrategy Inc said on Friday it bought about 205 bitcoin for about $10 million in cash.The Company...
Tags: Reuters Major, MicroStrategy, MicroStrategy Inc


Property shares buoy #Dubai as major Gulf markets rise | Reuters

Property shares buoy Dubai as major Gulf markets rise | Reuters Major stock markets in the Gulf rose in early trade on Wednesday, with the Dubai index leading the gains, boosted by its property shares following a buy out announcement.On Tuesday, Emaar Properties said it was buying out minority shareholders of Emaar Malls in a all-share deal.In Dubai, the index gained 0.8%, led by a 3% jump in blue-chip developer Emaar Properties, while its shopping centre unit Emaar Malls surged 5.9%.Qatar’s ben...
Tags: Travel, Qatar, Dubai, Gulf, Reuters, Moody, Reuters Major, Emaar Properties, Qatar National Bank, Qatar Islamic Bank, Rupert Neil Bumfrey, Emaar Malls, Samba Financial Group, Al Rajhi Bank, Fawaz Abdulaziz Alhokair, Elsewhere Arabian Centres


MicroStrategy Spends $15 Million More to Buy Bitcoin

(Reuters) - Major bitcoin corporate backer MicroStrategy Inc said on Monday it bought another 328 bitcoin for about $15 million in cash, swelling...
Tags: Reuters Major, MicroStrategy, MicroStrategy Inc


MicroStrategy Bitcoin Holding Valued at $4.38 Billion After Latest Buy

(Reuters) - Major bitcoin corporate backer MicroStrategy Inc said on Monday it bought another 328 bitcoin for about $15 million in cash, swelling...
Tags: Reuters Major, MicroStrategy Inc, MicroStrategy Bitcoin Holding Valued


Bitcoin Collector MicroStrategy Fills Its Wallet With Another $1 Billion

(Reuters) - Major bitcoin corporate backer MicroStrategy Inc said on Wednesday it bought another 19,452 bitcoin, worth around $1.03 billion,...
Tags: Reuters Major, MicroStrategy, MicroStrategy Inc


Major Gulf indexes end mixed, few fresh factors | Reuters

Major Gulf indexes end mixed, few fresh factors | Reuters Major stock markets in the Gulf ended mixed on Sunday, in the absence of fresh factors to trade on, with property shares weighing on the Dubai index.Saudi Arabia’s benchmark index added 0.7%, ending two sessions of losses, with Al Rajhi Bank rising 1% and Banque Saudi Fransi climbing 3.8%.The kingdom’s food and drug administration has approved the COVID-19 vaccine made by AstraZeneca, Reuters reported on Thursday, citing state TV.Dubai’s ...
Tags: Travel, Saudi Arabia, Middle East, Dubai, Abu Dhabi, Gulf, Trump, Reuters, Reuters Major, Emaar Properties, Commercial Bank, Etisalat, Rupert Neil Bumfrey, Damac, Hussain Sajwani, Banque Saudi Fransi


MicroStrategy Prices $900 Million Debt Sale to Buy More Bitcoin

(Reuters) - Major bitcoin corporate backer MicroStrategy Inc on Wednesday priced an offering of $900 million of debt through convertible notes,...
Tags: Reuters Major, MicroStrategy, MicroStrategy Inc


MicroStrategy to Borrow $600 Million to Buy More Bitcoin

(Reuters) - Major bitcoin corporate backer MicroStrategy will borrow $600 million to buy more of the currency, it said on Tuesday, as the...
Tags: Reuters Major, MicroStrategy


Musk-Fuelled Bitcoin Surge Triggers Cryptocurrency Exchange Glitches

(Reuters) - Major cryptocurrency exchanges experienced technical issues on Monday as trading volumes soared after billionaire Elon Musk's Tesla Inc...
Tags: Elon Musk, Reuters Major


Major Gulf markets climb, track Asian shares | Reuters

Major Gulf markets climb, track Asian shares | Reuters Major stock markets in the Gulf rose early on Tuesday, with Dubai leading the gains, in line with Asian shares as optimism increased about economic stimulus and global recovery.Saudi Arabia’s benchmark index rose 0.5%, with National Commercial Bank, the kingdom’s largest lender, advancing 2% and oil giant Saudi Aramco adding 0.6%.Oil prices, a key catalyst for the Gulf region’s financial markets, rose around 1%, after major crude producers s...
Tags: Travel, Asia, Europe, Saudi Arabia, Qatar, Joe Biden, United States, Standard Chartered, Dubai, Gulf, Reuters, Saudi Aramco, Reuters Major, Emaar Properties, Doha Bank, Rupert Neil Bumfrey