Posts filtered by tags: Riyad Bank[x]


 

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


#Saudi Arabian Hospitality Firms Weigh $2.4 Billion Merger - Bloomberg

Saudi Arabian Hospitality Firms Weigh $2.4 Billion Merger - Bloomberg Taiba Investment Co. and Dur Hospitality Co. are in talks to combine their businesses, potentially forming a company with a market value of about $2.4 billion in Saudi Arabia’s real estate, hospitality and investment industry.Taiba, which has a market capitalization of 5.5 billion riyals ($1.5 billion), operates as an investment company in sectors ranging from real estate and tourism. Dur, valued at 3.5 billion riyals, is ma...
Tags: Travel, Saudi Arabia, Bloomberg, Belgium, North West, Taiba, Riyad Bank, Rupert Neil Bumfrey, Samba Financial Group, Public Investment Fund, National Commercial Bank, NEOM, Dur, Red Sea Development, Saudi Fisheries Co, Saudi Arabian Hospitality Firms Weigh


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


MIDEAST STOCKS Most major Gulf markets slip in early trade, set for weekly gains | Reuters

MIDEAST STOCKS Most major Gulf markets slip in early trade, set for weekly gains | Reuters Most Gulf stock markets fell in early trade on Thursday, with Dubai leading losses, though the markets were on track for their weekly gains.The Dubai index (.DFMGI) fell 0.5%, but the benchmark was on track for a fifth weekly gain. Emirates NBD Bank (ENBD.DU) dropped 1.4% and Emaar Properties (EMAR.DU) lost 0.5%.Emaar, which along with its subsidiaries has an outstanding debt of $817.25 million, has hire...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Riyad Bank, Commercial Bank, Emaar, Rupert Neil Bumfrey, First Abu Dhabi Bank, Emaar Properties EMAR DU, Emirates Telecommunications Group Etisalat, Commercial Bank COMB QA, Industries Qatar IQCD


MIDEAST STOCKS Rising oil prices aid Gulf stocks, #Dubai outperforms | Reuters

MIDEAST STOCKS Rising oil prices aid Gulf stocks, Dubai outperforms | Reuters Most Gulf stock markets closed higher on Tuesday, spurred by rising oil prices, with Dubai leading gains with help from its strengthening COVID-19 vaccination drive.Brent hit $71 and was trading at its highest since March, on expectations of growing fuel demand during the summer driving season in the United States. read moreThe stock index in Dubai (.DFMGI) surged 1.4% after three consecutive days of decline, hel...
Tags: Travel, Qatar, United States, United Arab Emirates, Dubai, Pfizer, Abu Dhabi, Gulf, Reuters, Riyad Bank, Tasi, ADNOC, Rupert Neil Bumfrey, Saudi Telecom, Al Rajhi Bank, Gulf Egypt


MIDEAST STOCKS #UAE, #Saudi indexes log monthly gain as Middle East markets end mixed | Reuters

MIDEAST STOCKS UAE, Saudi indexes log monthly gain as Middle East markets end mixed | Reuters Middle Eastern stock markets closed mixed on Monday, with indexes in the United Arab Emirates and Saudi Arabia logging monthly gains amid rising oil prices and improving business activity in their non-oil sectors.Brent crude futures (.LCOc1) have gained more than 3% this month and are up more than 34% year-on-year, according to Refinitiv Eikon data.The United Arab Emirates' non-oil sector expanded...
Tags: Travel, Saudi Arabia, Qatar, Middle East, United Arab Emirates, Dubai, Reuters, Arabia, Riyad Bank, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI, Emaar Properties EMAR DU, Reuters Middle Eastern


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 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


#Saudi Wealth Fund-Owned Digital Security Firm Hires IPO Adviser - Bloomberg

Saudi Wealth Fund-Owned Digital Security Firm Hires IPO Adviser - Bloomberg A digital security firm owned by Saudi Arabia’s sovereign wealth fund has hired Riyad Capital to advise on a planned initial public offering that could value the company at about $2 billion, according to people familiar with the matter.Elm is aiming to complete the sale of shares on the Saudi stock exchange by next year, the people said, asking not to be identified as the information is private. The IPO could see the k...
Tags: Travel, Saudi Arabia, Riyad Bank, Rupert Neil Bumfrey, Riyad Capital, Public Investment Fund


Mideast Stocks: Major Gulf markets end mixed; #Dubai index outshines | ZAWYA MENA Edition

Mideast Stocks: Major Gulf markets end mixed; Dubai index outshines | ZAWYA MENA Edition Stock markets in the Gulf ended mixed on Sunday, with property shares driving the Dubai index higher while the Saudi bourse was hit by declines in financials.Saudi Arabia's benchmark index dropped 0.5%, with Saudi National Bank 1180.SE , the kingdom's largest lender, losing 2.1%, while Riyad Bank retreated 2.8% after it reported a fall in quarterly earnings. On Wednesday, the Saudi index gained sharply aft...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Mohammed bin Salman, Riyad Bank, Emaar Properties, Etisalat, Rupert Neil Bumfrey, Industries Qatar, Emaar Malls, Dubai Investments, First Abu Dhabi Bank


MIDEAST STOCKS Gulf bourses mixed in early trade | Reuters

MIDEAST STOCKS Gulf bourses mixed in early trade | Reuters Stock markets in the Gulf were mixed early on Sunday, with bourses in the United Arab Emirates supported by corporate earnings reports.Saudi Arabia's benchmark index (.TASI) was down 0.4%, extending losses from the previous session.Saudi National Bank (1180.SE), the kingdom's largest lender, and petrochemical firm Saudi Basic Industries Corp (2010.SE) were both down 1.4%.On Wednesday, the Saudi index registered sharp gains after Crown ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Moscow, Abu Dhabi, Gulf, Reuters, Mohammed bin Salman, Saudi Basic Industries Corp, Riyad Bank, Etisalat, Tasi, Rupert Neil Bumfrey, DFMGI


#SaudiArabia Tourism to Get 2 Billion Riyal Boost for Project Funds - Bloomberg

Saudi Arabia Tourism to Get 2 Billion Riyal Boost for Project Funds - Bloomberg Saudi Arabia will provide up to 2 billion riyals ($533.4 million) to fund 113 tourism projects nationwide this year, as the kingdom aims to expand the sector under Crown Prince Mohammed bin Salman’s plan to diversify the economy.The Tourism Development Fund and Riyad Bank, which is backed by the country’s sovereign wealth fund, will provide funding starting at 1 million riyals and rising to 100 million riyals for t...
Tags: Travel, Saudi Arabia, Bloomberg, Mohammed bin Salman, TDF, Riyad Bank, Medina Saudi Arabia, Rupert Neil Bumfrey, Bloomberg Saudi Arabia


#Saudi Tourism Fund Enlists Local Bank for $346.7 Million Project - Bloomberg

Saudi Tourism Fund Enlists Local Bank for $346.7 Million Project - BloombergSaudi Arabia’s Tourism Development Fund will help finance a 1.3 billion-riyal ($346.7 million) project in the holy city of Medina together with Riyad Bank, as the kingdom steps up fundraising for a key part of Crown Prince Mohammed bin Salman’s program to diversify the economy.The 15 billion-riyal TDF signed an agreement with Medina-based Knowledge Economic City Co. and Public Investment Fund-backed Riyad Bank to finance...
Tags: Travel, Bloomberg, Medina, Mohammed bin Salman, TDF, Riyad Bank, Rupert Neil Bumfrey, Public Investment Fund, Saudi Tourism Fund Enlists Local Bank, Knowledge Economic City Co, Prophet 's Mosque, Qusai Al Fakhri


Mideast Stocks: Oil price fall hurts major Gulf markets | ZAWYA MENA Edition

Mideast Stocks: Oil price fall hurts major Gulf markets | ZAWYA MENA EditionMajor stock markets in the Gulf ended lower on Wednesday, as oil prices were weighed down by concerns that surging COVID-19 cases in India would pressure fuel demand in the world's third-biggest oil importer.India on Wednesday reported another record increase in the daily death toll from COVID-19. Brent crude futures for June declined $1.15, or 1.7%, to $65.42 a barrel at 0100 GMT.The movement in oil prices is a key cata...
Tags: Travel, Saudi Arabia, India, Qatar, United Arab Emirates, Dubai, Brent, Abu Dhabi, Gulf, Mena, Saudi Aramco, Emirates NBD, Riyad Bank, Emaar Properties, Etisalat, EFG Hermes


#Qatar leads major Gulf markets higher; Egypt retreats | Reuters

Qatar leads major Gulf markets higher; Egypt retreats | ReutersMajor Gulf stock markets ended higher on Wednesday amid rising oil prices on revised oil demand forecasts, while Egypt was hit by a blue-chip sell-off.The International Energy Agency (IEA) predicted global oil demand and supply would rebalance in the second half of the year and that producers may then need to pump an additional 2 million barrels per day to meet the expected demand.Brent crude futures rose $1.01, or 1.59%, to $64.68 a...
Tags: Travel, Saudi Arabia, Qatar, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Emirates NBD, International Energy Agency IEA, Riyad Bank, Qatar Islamic Bank, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey


Mideast stocks: #UAE bourses fall on ex-dividend stocks; others little changed | Reuters

Mideast stocks: UAE bourses fall on ex-dividend stocks; others little changed | ReutersDubai and Abu Dhabi’s stock markets retreated on Thursday, dragged down by firms that traded ex-dividend, while other major Gulf markets were steady in early trade.In Dubai, the main share index declined 1%, with Dubai Islamic Bank, the United Arab Emirates’ (UAE) largest sharia-compliant lender, losing 4% as the stock traded ex-dividend.Elsewhere, Dubai Investments was down 1.2%The Abu Dhabi index dropped 1.1...
Tags: Travel, New York, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Uae, Gulf, Reuters, SPAC, Mideast, Riyad Bank, Etisalat, Rupert Neil Bumfrey, Samba Financial Group, Dubai Investments


MIDEAST STOCKS-Most Gulf stocks ease on Europe lockdowns, U.S. tax hike fears | Nasdaq

MIDEAST STOCKS-Most Gulf stocks ease on Europe lockdowns, U.S. tax hike fears | NasdaqMost stock markets in the Gulf ended lower on Wednesday, tracking global equities as coronavirus lockdowns in Europe and potential U.S. tax hikes hit risk appetite."The concerns of a third COVID-19 wave in Europe is weighing down on demand expectations thus negatively affecting energy prices and oil prices which are particularly sensitive in the Gulf region," said James Campion, private banker at Ourea.Saudi Ar...
Tags: Travel, Europe, Qatar, Dubai, Gulf, Mohammed bin Rashid Al Maktoum, Riyad Bank, Qatar National Bank, Tasi, Rupert Neil Bumfrey, Alinma Tokio Marine, Emirates NBD ENBD, James Campion, Emaar Properties EMAR, Ourea Saudi Arabia


Mideast stocks: Most Gulf markets slip on Europe lockdowns, U.S. tax hike fears | Reuters

Mideast stocks: Most Gulf markets slip on Europe lockdowns, U.S. tax hike fears | ReutersMost Gulf stock markets fell in early trade on Wednesday, in line with Asian shares, as coronavirus lockdowns in Europe and potential U.S. tax hikes hit risk appetite.U.S. and European stock futures were also subdued in late Asian trading.Saudi Arabia’s benhcmark index dropped 0.4%, with Riyad Bank shedding over 3%, while Al Rajhi Bank was down 0.5%.However, insurer Alinma Tokio Marine surged about 9% after ...
Tags: Travel, Europe, Saudi Arabia, Dubai, Abu Dhabi, Doha, Gulf, Reuters, Mideast, Mohammed bin Rashid Al Maktoum, Riyad Bank, Rupert Neil Bumfrey, Dubai Islamic Bank, Alinma Tokio Marine, Al Rajhi Bank, Qatar Navigation


#Saudi's Riyad Bank announces $399mln cash dividend | ZAWYA MENA Edition

Saudi's Riyad Bank announces $399mln cash dividend | ZAWYA MENA Edition Saudi Arabia’s Riyad Bank is set to distribute 5 percent cash dividend to its shareholders, the lender said in a statement to the Saudi Stock Exchange (Tadawul) on Sunday.The payout for the year 2020, pegged at 1.5 million Saudi riyals ($399 million), has been recommended by the bank’s board of directors.A total of three billion shares will be eligible for the dividend at 0.50 Saudi riyal per share.The bank also advised non-...
Tags: Travel, Saudi Arabia, Riyad Bank, Rupert Neil Bumfrey, Saudi Stock Exchange Tadawul


MIDEAST STOCKS-Most Gulf stocks ease in early trade; #Saudi rises | Nasdaq

MIDEAST STOCKS-Most Gulf stocks ease in early trade; Saudi rises | Nasdaq Most major stock markets in the Gulf were subdued in early trade on Thursday, with Dubai on track to end three sessions of gains, although Saudi Arabia bucked the trend to move higher.The benchmark index .TASI in Saudi Arabia added 0.3%, with Saudi Telecom 7010.SE gaining 0.7% while Riyad Bank 1010.SE traded 0.9% up.Elsewhere, oil behemoth Saudi Aramco 2222.SE was up 0.3%.Saudi Arabia, the world's biggest oil exporter, bea...
Tags: Travel, Saudi Arabia, China, Russia, Qatar, Dubai, Abu Dhabi, Gulf, Emirates NBD, Riyad Bank, Tasi, Rupert Neil Bumfrey, Saudi Telecom, QSI, First Abu Dhabi Bank FAB, Qatar Fuel Co


#AbuDhabi market leads broader gains | Reuters

Abu Dhabi market leads broader gains | Reuters Stock markets in the Gulf ended higher on Monday, with the Abu Dhabi index marking its best session in more than nine months, led by United Arab Emirates’ top lender, First Abu Dhabi Bank.The Abu Dhabi index gained nearly 4% and the benchmark has risen in all but two sessions so far in the new year.First Abu Dhabi Bank was the best performer on the benchmark, adding about 8%. Another bank, Abu Dhabi Commercial Bank, rose nearly 5%.The Abu Dhabi Depa...
Tags: Travel, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Saudi Basic Industries Corp, Reuters Stock, Riyad Bank, Emaar Properties, Qatar Islamic Bank, Abu Dhabi Commercial Bank, NCB Capital, Rupert Neil Bumfrey, Saudi Telecom


Most markets retreat as COVID-19 deaths rise, restrictions widen | Reuters

Most markets retreat as COVID-19 deaths rise, restrictions widen | Reuters Most Gulf markets ended lower on Tuesday, in line with Asian shares, as increasing COVID-19 deaths and widening lockdowns overshadowed optimism over progress on vaccine development and rollout.The number of U.S. coronavirus deaths crossed 300,000 on Monday as the country started its first inoculations, while tighter restrictions were imposed on London and more European countries were set to follow suit.Most Asian market...
Tags: Travel, Japan, London, Saudi Arabia, Asia Pacific, Dubai, Abu Dhabi, Reuters, MSCI, Nov, Riyad Bank, Emaar Properties, Commercial Bank, Qatar National Bank, Rupert Neil Bumfrey, First Abu Dhabi Bank


MIDEAST STOCKS-Major Gulf markets ease in early trade; #Qatar rises | Nasdaq

MIDEAST STOCKS-Major Gulf markets ease in early trade; Qatar rises | Nasdaq Most major stock markets were subdued in early trade on Tuesday as oil prices weakened, while Qatar's index was supported by financial shares.Saudi Arabia's benchmark index .TASI slipped 0.1%, with Riyad Bank 1010.SE declining 1.2% and Jabal Omar Development 4250.SE dropping 1.8%.Oil prices, a key catalyst for Gulf markets, edged down as tighter lockdowns in Europe and an OPEC forecast for a slower recovery in demand nex...
Tags: Travel, Europe, Saudi Arabia, Opec, Qatar, Dubai, Abu Dhabi, Gulf, Adi, Riyad Bank, Tasi, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, QSI, DFMGI, Abu Dhabi Islamic Bank ADIB


#Saudi stocks lead gains; Egypt loses | Reuters

Saudi stocks lead gains; Egypt loses | Reuters Major Gulf markets eked out gains on Monday, riding on the positive sentiment around the progress in COVID-19 vaccine development and the OPEC+ deal on oil production cuts, with Saudi stocks breaking a losing streak of four sessions.Despite oil prices falling on surging coronavirus cases globally and amid heightened tensions between the United States and China, markets in the Gulf managed to close in positive territory, with some erasing losses in t...
Tags: Travel, Saudi Arabia, China, Opec, Qatar, United States, Egypt, Dubai, Abu Dhabi, Doha, Gulf, Reuters, Emirates NBD, Riyad Bank, Emaar Properties, United Arab Emirates Bahrain


#Saudi ends lower on weak oil, others gain on UK vaccine nod | Reuters

Saudi ends lower on weak oil, others gain on UK vaccine nod | Reuters Saudi shares retreated for a second straight session on Wednesday, tracking weaker oil prices, while some markets cheered Britain’s approval of Pfizer’s COVID-19 vaccine, which raised hopes of a faster-than-expected global economic recovery.Britain became the West’s first country to formally endorse a jab it said should reach the most vulnerable people early next week.However, oil prices slipped as the market awaited a pact fr...
Tags: Travel, UK, Opec, Qatar, West, Britain, United States, Dubai, Pfizer, Abu Dhabi, Bahrain, Kuwait, Reuters, Riyad Bank, Qatar National Bank, Rupert Neil Bumfrey


MIDEAST STOCKS- #Saudi starts last month of 2020 on wobbly footing after a stellar November | Nasdaq

MIDEAST STOCKS-Saudi starts last month of 2020 on wobbly footing after a stellar November | Nasdaq Saudi shares started the month on a weaker note on Tuesday, tracking lower oil prices, after the benchmark nailed solid gains in November on global cheer over the progress of COVID-19 vaccine candidates.Investors worldwide are pinning their hopes on positive vaccine trial data, fuelling optimism about an economic recovery at a pace faster than expected initially.But on Tuesday, oil prices fell due ...
Tags: Travel, Saudi Arabia, Russia, Qatar, United Arab Emirates, Kuwait, Riyad Bank, Qatar National Bank, Rupert Neil Bumfrey, QSI, Saudi British Bank, Al Rajhi Bank, Qatar Islamic Bank QISB, BKP, Wafrah For Industry Development Co, Shamal Az Zour Al Oula Power Water Co AZNOULA KW


Major Gulf markets off to a mixed start | Reuters

Major Gulf markets off to a mixed start | Reuters:Major stock markets in the Gulf were mixed in early trade, with the Saudi bourse on track to extend gains from the previous session, while financial shares weighed on the Dubai index.Saudi Arabia's benchmark index .ADI rose 0.4%, led by a 1.7% gain in Riyad Bank 1010.SE and a 3.5% jump in utility the Saudi Electricity Company 5110.SE.The kingdom plans to cut spending by 7.5% in next year’s budget to 990 billion riyals ($263.95 billion) but expect...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Riyad Bank, AlixPartners, Arabtec, Rupert Neil Bumfrey, First Abu Dhabi Bank, Matthew Wilde, Arabtec Holding ARTC DU, Reuters Arabtec, Emaar Properties EMAR


Oil price fall hurts major Gulf markets | Reuters

Oil price fall hurts major Gulf markets | Reuters:Major Middle Eastern markets ended lower on Monday, after oil prices slid on the possible return of Libyan production and as rising COVID-19 cases around the world stoked demand concerns.Brent crude LCOc1 was down 99 cents or 2.1% at $42.23 a barrel by 1227 GMT. [O/R]Global oil refiners are cutting fuel production into the autumn as the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery workers and in...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Riyad Bank, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, Al Rajhi Bank, First Abu Dhabi Bank, Emirates Telecommunications Group, Dubai Islamic Bank DISB DU


Middle East stocks: Most Gulf markets gain; #Saudi bourse slips | Reuters

Middle East stocks: Most Gulf markets gain; Saudi bourse slips | Reuters: Most Middle Eastern markets ended higher on Wednesday, with Bahrain outperforming the region, while bank stocks weighed on the Saudi index.Saudi Arabia's benchmark index .TASI slipped 0.1% and snapped a four-session winning streak, weighed by Al Rajhi Bank's 1120.SE 0.4% fall and Riyad Bank's 1010.SE 1.3% tumble.Saudi Arabia's largest telecoms operator Saudi Telecom Company (STC) 7010.SE gained 1% as STC has asked banks to...
Tags: Travel, Saudi Arabia, Israel, Qatar, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Bahrain, Gulf, Reuters, Adi, STC, Riyad Bank, Qatar National Bank, Bax