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Mideast Stocks: Banks, petrochemicals weigh on #Saudi; Agility boosts #Kuwait | ZAWYA MENA Edition

Mideast Stocks: Banks, petrochemicals weigh on Saudi; Agility boosts Kuwait | ZAWYA MENA Edition Saudi Arabian stocks closed lower on Wednesday, hit by losses in banking and petrochemical stocks, while the Kuwaiti index outperformed the Gulf region.Other major Gulf markets were largely muted.Saudi Arabia's benchmark index fell 0.7%, with Al Rajhi Bank losing 0.7% and chemical maker Saudi Basic Industries retreating 1.2%.Saudi Electricity declined 3.6% after the company said net loss attributab...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Kuwait, Gulf, Aramex, Rupert Neil Bumfrey, Saudi Basic Industries, Saudi Telecom, Dubai Islamic Bank, Saudi Electricity, Aldar Properties, Al Rajhi Bank, Qatar Navigation


Mideast Stocks: Property, banking stocks boost #Dubai; #Saudi index falls | ZAWYA MENA Edition

Mideast Stocks: Property, banking stocks boost Dubai; Saudi index falls | ZAWYA MENA Edition Most major stock markets in the Gulf closed higher on Monday, with the Dubai index outperforming the region on the back of property and banking shares, while the Saudi bourse was dragged down by material and financial stocks.The Dubai index rose 1.1%, as blue-chip developer Emaar Properties added 1.8% and Dubai Islamic Bank gained 1.4%, snapping a four-session losing streak.Dubai Investments jumped 2.6...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Mideast, Emaar Properties, Rupert Neil Bumfrey, Saudi Basic Industries, Dubai Islamic Bank, Abu Dhabi Islamic Bank, United Development, Dubai Investments, Almarai Co, Emirates Telecommunications Group


Mideast Stocks: #Saudi bourse underperforms subdued Gulf markets | ZAWYA MENA Edition

Mideast Stocks: Saudi bourse underperforms subdued Gulf markets | ZAWYA MENA Edition Most stock markets in the Gulf ended lower on Thursday, with the Saudi index underperforming, dragged down by losses in its financial shares.Saudi Arabia's benchmark index .TASI dropped 1.1%, with Al Rajhi Bank 1120.SE and petrochemical firm Saudi Basic Industries 2010.SE both sliding 3%.On Wednesday, the Saudi index registered sharp gains after Crown Prince Mohammed bin Salman said the kingdom had no plans to...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Mohammed bin Salman, Aramex, Emaar Properties, Etisalat, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Michael Stark, Al Rajhi Bank, First Abu Dhabi Bank


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 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


#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- #AbuDhabi leads major Gulf markets higher on hopes of Suez Canal's reopening | Nasdaq

Most Gulf stocks rose in early trade on Monday, in line with Asian shares, as the ship blocking the Suez Canal was re-floated, raising hopes the vital waterway could reopen and ease global shipping backlogs.The 400-metre (430-yard) long Ever Given became jammed diagonally across a southern section of the canal in high winds early last Tuesday, halting shipping traffic on the shortest shipping route between Europe and Asia.Saudi Arabia's benchmark index .TASI rose 0.5%, with Al Rajhi Bank 1120.SE...
Tags: Travel, Europe, China, Qatar, Dubai, Abu Dhabi, Gulf, Suez Canal, Qatar National Bank, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, Asia Saudi Arabia, Emaar Properties EMAR, Emirates NBD Bank ENBD


Major Gulf markets gain as Suez Canal jam continues

Major Gulf markets gain as Suez Canal jam continues | 路透Major stock markets in the Gulf ended higher on Sunday, as investors shrugged off the Suez Canal jam on hopes for a global economic recovery.Oil prices, a key catalyst for the Gulf region’s financial shares, rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted for weeks as workers try to dislodge the vessel blocking the Suez Canal.Suez Canal salvage teams were alternating between dredging a...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Doha, Gulf, Emirates NBD, Suez Canal, Saudi Telecom Company, Rupert Neil Bumfrey, Saudi Basic Industries, Qatar Navigation, Abdullah Al Othaim Markets, International Holding Company, COVID


Mideast Stocks: Major Gulf markets gain in early trade | ZAWYA MENA Edition

Mideast Stocks: Major Gulf markets gain in early trade | ZAWYA MENA EditionMost major stocks in the Gulf gained in early trade on Sunday, as hopes for a global economic recovery overshadowed the continued blockage of one of the world's most vital shipping lanes by a giant container ship.Oil prices, a key catalyst for the Gulf region's financial shares, rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted for weeks as workers try to dislodge the ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Doha, Gulf, Emirates NBD, Rupert Neil Bumfrey, Industries Qatar, Saudi Basic Industries, National Commercial Bank, S P Global, Major Gulf, ZAWYA MENA, COVID


U.S. report on Khashoggi weighs on #Saudi shares | Reuters

U.S. report on Khashoggi weighs on Saudi shares | Reuters Most major Gulf stock markets reversed earlier losses to close higher on Sunday, while Saudi shares retreated after U.S. intelligence released on Friday said Crown Prince Mohammed Bin Salman had approved an operation to capture or kill journalist Jamal Khashoggi in 2018.The United States imposed sanctions on some of those involved but spared the crown prince himself in an effort to preserve relations with the kingdom.Khashoggi was a U.S. ...
Tags: Travel, London, Washington Post, Saudi Arabia, Qatar, United States, Dubai, Abu Dhabi, Yemen, Gulf, Reuters, Mohammed bin Salman, Emaar Properties, Rupert Neil Bumfrey, Saudi Basic Industries, U S intelligence


Mideast Stocks: Most Gulf markets track oil, Asian shares higher | ZAWYA MENA Edition

Most stock markets in the Gulf region rose in early trade on Tuesday, tracking gains in oil prices and Asian shares, with Dubai benchmark index on track to snap five sessions of losses.Oil prices, a key catalyst for the Gulf region's financial markets, jumped more than $1 on a tight global supply outlook and an approaching meeting of top crude producers is expected to keep output largely in check.Saudi Arabia's benchmark index rose 0.8%, with Al Rajhi Bank increasing 1.5%, while petrochemical fi...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Emirates NBD, Emaar Properties, Etisalat, Qatar National Bank, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, Masraf Al Rayan, First Abu Dhabi Bank, MENA Edition, Emirates Telecommunications Group Etisalat


MIDEAST STOCKS-Gulf markets little changed in early trade | Nasdaq

MIDEAST STOCKS-Gulf markets little changed in early trade | Nasdaq Major Gulf stock markets were little changed early on Thursday, with the Dubai index slipping slightly on declines among Industrial and financial stocks.Saudi Arabia's benchmark index .TASI rose 0.1%, with Saudi Arabian Mining Company 1211.SE gaining 2.6% and petrochemical firm Saudi Basic Industries 2010.SE increasing 0.6%.Saudi Arabia's crude oil exports rose for a sixth straight month to an eight-month peak in December 2020, o...
Tags: Travel, Saudi Arabia, Wam, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Boeing, Gulf, Joint Organisations Data Initiative, Emirati, Commercial Bank, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, QSI


Mideast Stocks Trade Mixed With Earnings in Spotlight: Inside EM - Bloomberg

Mideast Stocks Trade Mixed With Earnings in Spotlight: Inside EM - Bloomberg Middle Eastern equity markets were mixed on Sunday as investors weighed earnings and after shares in developing economies rose to a record high last week.Saudi Arabia’s Tadawul All Share Index gained as much as 0.8%, with Al Rajhi Bank and Saudi Basic Industries contributing the most to the increase. Benchmarks in the United Arab Emirates, Oman and Qatar fell as much as 0.4%, while those in Bahrain and Kuwait were littl...
Tags: Travel, London, Saudi Arabia, Qatar, Bloomberg, United Arab Emirates, Dubai, Bahrain, Kuwait, United Arab Emirates Oman, Rupert Neil Bumfrey, Saudi Basic Industries, Damac, Al Rajhi Bank, Damac Properties PJSC, Bloomberg Middle Eastern


MIDEAST STOCKS- #Dubai leads as big Gulf markets gain on stimulus pledges | Nasdaq

Major Gulf stock markets traded higher on Monday, with Dubai's main share index .DFMGI on track to end two sessions of losses with a 0.8% increase, buoyed by a 2.6% rise in Emirates NBD ENBD.DU and a 1.3% lift in Emaar Properties EMAR.DU.The United Arab Emirates has approved a public debt strategy aimed at developing its market for local currency bonds, the UAE’s vice president said on Sunday."The goal is to build a bond market in the local currency ... and stimulate the country's financial and ...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Uae, Gulf, Mohammed bin Salman, Mohammed bin Rashid Al Maktoum, Emaar, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Emirates NBD ENBD DU, Public Investment Fund, Al Rajhi Bank, Masraf Al Rayan


#Dubai leads most Gulf markets lower, but #AbuDhabi bucks the trend | Reuters

Most major Gulf stock markets slipped on Sunday, with Dubai hardest hit following a surge in coronavirus cases in the United Arab Emirates, but Abu Dhabi bucked the trend to trade higher.Dubai’s main share index dropped as much as 1.3% in early trade, with blue-chip developer Emaar Properties shedding 1.2%Financial stocks also drove the losses, led by a Dubai’s biggest lender, Emirates NBD Bank, which was down 0.4%.Dubai has suspended non-essential surgery for a month and live entertainment in h...
Tags: Travel, Saudi Arabia, Middle East, United Arab Emirates, Dubai, Oxford University, Abu Dhabi, Kuwait, Uae, Gulf, Reuters, Emaar Properties, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey, Industries Qatar, Saudi Basic Industries


MIDEAST STOCKS-Gulf stocks gain in early trade | Nasdaq

MIDEAST STOCKS-Gulf stocks gain in early trade | Nasdaq Stock markets in the Gulf rose in early trade on Wednesday, with Abu Dhabi on track to extend gains for a fourth session.Saudi Arabia's benchmark index .TASI rose 0.1%, helped by a 0.6% increase in petrochemical firm Saudi Basic Industries 2010.SE and a 1.3% gain in Saudi British Bank 1060.SE.Dubai's main share index .DFMGI added 0.6%, led by a 1.5% rise in blue-chip developer Emaar Properties EMAR.DU.Financials stocks also drove the gains ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Etisalat, Tasi, Abu Dhabi Executive Council, Rupert Neil Bumfrey, Saudi Basic Industries, QSI, Abu Dhabi Government, Dubai Islamic Bank DISB, Emirates NBD Bank ENBD, Etisalat ETISALAT


Mideast Stocks: Most Mideast stocks in red ahead of earnings season | ZAWYA MENA Edition

Mideast Stocks: Most Mideast stocks in red ahead of earnings season | ZAWYA MENA Edition Most major stock markets in the Middle East ended lower on Sunday, ahead of the usual flurry of quarterly and full-year corporate results over the next few weeks, with the Qatari index leading the losses.Saudi Arabia's benchmark index lost 0.3%, with petrochemicals company Saudi Basic Industries 2010.SE shedding 1.3% and Dr Sulaiman Al-Habib Medical Services 4013.SE closing 1.7% lower.The kingdom's inflation...
Tags: Travel, Saudi Arabia, Qatar, Middle East, Dubai, Abu Dhabi, Gulf, Mideast, Emaar Properties, Etisalat, Rupert Neil Bumfrey, Saudi Basic Industries, Aldar Properties, Sulaiman Al Habib Medical Services, Emaar Malls The Abu Dhabi, Untied Arab Emirates


Gulf stocks gain on global rally, higher oil prices | Reuters

Gulf stocks gain on global rally, higher oil prices | Reuters Major Gulf stock markets rose in early trade on Sunday, tracking a rally in global equity markets and a jump in oil prices on Friday. The sentiment in the Gulf was additionally supported by further developments on Saudi Arabia and its allies’ agreement to restore ties with Qatar.Global equities rallied on Friday as investors looked beyond U.S. political unrest and focused on further stimulus to mend the economic damage of the coronavi...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Doha, Gulf, Reuters, Riyadh, Qatar Airways, Emaar Properties, Qatar National Bank, Rupert Neil Bumfrey, Saudi Basic Industries, Saudi Airlines, Aldar Properties


Major markets log weekly gains; #Qatar leads day's gains | Reuters

Major Gulf shares ended the first trading week of the New Year on a high on Thursday and registered weekly gains as the regional markets benefited from a rise in oil prices.Crude hit its highest since late February after a fall in U.S. stockpiles added further support following Saudi Arabia’s unilateral decision to cut output. [O/R]The week also saw investors cheer the breakthrough in Qatar’s over three-year diplomatic rift with Saudi Arabia and other Gulf countries as Arab leaders gathered for ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Doha, Arab, Gulf, Reuters, Emirates NBD, Doha Qatar, Emaar Properties, Qatar National Bank, Rupert Neil Bumfrey, Industries Qatar


Major Gulf stocks little changed a day after Gulf row eases | Reuters

Major Gulf stocks little changed a day after Gulf row eases | Reuters Major Gulf stock markets where little changed early on Wednesday, a day after a breakthrough in the Gulf’s diplomatic rift, as a negative outlook for the Gulf Cooperation Council(GCC) sovereigns appeared to eclipse the positive sentiment.Moody’s sees a negative outlook for the GCC sovereigns in 2021, driven by lower oil revenues and reduced fiscal strength.Oil prices are unlikely to mount much of a recovery in 2021 as a new co...
Tags: Travel, Saudi Arabia, Qatar, Egypt, GCC, United Arab Emirates, Dubai, Abu Dhabi, Bahrain, Doha, Ooredoo, Gulf, Reuters, Moody, Gulf Cooperation Council GCC, Emaar Properties


Mideast Stocks: #UAE stocks gain, #Saudi slips on first trading day of 2021 | ZAWYA MENA Edition

Mideast Stocks: UAE stocks gain, Saudi slips on first trading day of 2021 | ZAWYA MENA Edition Stock markets in the United Arab Emirates (UAE) closed higher on Sunday, starting 2021 on a positive note on hopes that the rollout of a coronavirus vaccine will lift economic activity, while Saudi Arabian shares fell on uncertainty about the outlook for oil prices this year.The UAE on Saturday recorded a fourth straight record number of daily coronavirus cases, with 1,963 new infections. Dubai and Abu...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Chemical, Bahrain, Doha, Uae, Reuters, Saudi Aramco, Emirates NBD, Mideast, United Arab Emirates UAE, Gulf Cooperation Council GCC


#UAE stocks rise, #Dubai outperforms on first trading day of 2021 | Reuters

UAE stocks rise, Dubai outperforms on first trading day of 2021 | Reuters Stock markets in the United Arab Emirates rose in early trade on Sunday, starting 2021 on a positive note in line with the country’s economic forecast and eclipsing a recent record jump in COVID-19 cases.The International Monetary Fund expects the country’s economy to swing back to growth of 1.3% this year from a 6.6% contraction in 2020.The UAE recorded its fourth straight record number of daily coronavirus cases since th...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, International Monetary Fund, Abu Dhabi, Bahrain, Doha, Uae, Reuters, Emirates NBD, Reuters Stock, Gulf Cooperation Council GCC, Mathew, Emaar Properties


Most major Gulf markets firm in early trade; #Qatar eases | Reuters

Most major Gulf markets firm in early trade; Qatar eases | Reuters Most major Gulf markets firmed early on Tuesday, a day after registering sharp declines as a highly transmissible new coronavirus strain in Britain fuelled concerns that a resurgence of infections could stunt the pace of reopening economies.The new variant of the virus is spreading rapidly in Britain and prompting high levels of concern among other countries, many of which have cut transport links.Saudi Arabia’s benchmark index c...
Tags: Travel, Saudi Arabia, Qatar, Britain, Abu Dhabi, Gulf, Reuters, GAC, Rupert Neil Bumfrey, Saudi Basic Industries, Dubai Islamic Bank, Qatar Fuel Co, Emirates Integrated Telecommunications, Al Rajhi Bank Saudi Telecom Company STC, state TV Dubai


MIDEAST STOCKS-New COVID-19 strain trips Mideast markets | Nasdaq

MIDEAST STOCKS-New COVID-19 strain trips Mideast markets | Nasdaq Most Middle Eastern stocks ended lower on Monday as a fast-spreading new coronavirus strain in Britain fuelled concerns that a resurgence of infections could stunt the pace of reopening economies.The variant, which officials say is up to 70% more transmissible than the original, also prompted concerns about a wider spread.Brent crude LCOc1 slid $3, or 5.7%, to $49.26 a barrel by 1028 GMT after rising 1.5% and touching its highest ...
Tags: Travel, Saudi Arabia, Qatar, Britain, Dubai, Pfizer, Abu Dhabi, Spa, Gulf, Reuters, Mideast, Ministry of Public Health, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, QSI


Mideast Stocks- #Dubai index leads major Gulf markets higher | ZAWYA MENA Edition

Major stock markets in the Gulf rose early on Sunday amid firmer oil prices as investors focused on the rollout of COVID-19 vaccines, with the Dubai index leading the gains.Brent crude on Friday settled up 76 cents, or 1.5%, at $52.26 a barrel after touching $52.48, its highest since March.Saudi Arabia's benchmark index traded 0.3% higher, with petrochemical firm Saudi Basic Industries among the gainers.The kingdom's economy shrank more slowly in the third quarter as the government eased some co...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Rupert Neil Bumfrey, Industries Qatar, Saudi Basic Industries, Masraf Al Rayan, First Abu Dhabi Bank, Mideast Stocks Dubai, Emaar Properties DAMAC


MIDEAST STOCKS-Major Gulf markets flat in early trade, #Dubai extends gains | Nasdaq

MIDEAST STOCKS-Major Gulf markets flat in early trade, Dubai extends gains | Nasdaq Most major stock markets in the Gulf were little changed in early trade on Thursday, with the Dubai index on track to extend gains for a second straight session.Saudi Arabia's benchmark index .TASI gained 0.3%, with petrochemical firm Saudi Basic Industries 2010.SE rising 1.6%, while Al Rajhi Bank 1120.SE was up 0.3%.Oil prices, a key catalyst for the Gulf regions' financial markets, climbed to a nine-month high ...
Tags: Travel, Indonesia, Saudi Arabia, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Jakarta Indonesia, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, First Abu Dhabi Bank, Emirates NBD Bank ENBD


MIDEAST STOCKS-Major Gulf indexes off to mixed start | Nasdaq

MIDEAST STOCKS-Major Gulf indexes off to mixed start | Nasdaq Major Gulf stock markets were mixed in early trade on Thursday with the Abu Dhabi index leading gains boosted by top lender First Abu Dhabi Bank.Saudi Arabia's benchmark index .TASI edged up 0.1%, with petrochemical maker Saudi Basic Industries 2010.SE rising 0.5%.Dubai's main share index .DFMGI eased 0.1%, hurt by a 0.5% fall in Emirates NBD Bank ENBD.DU and a 0.6% decrease in blue-chip developer Emaar Properties EMAR.DU.Emaar, which...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Fitch, Abu Dhabi Media, Emaar, Tasi, Rupert Neil Bumfrey, Industries Qatar, Saudi Basic Industries, QSI, First Abu Dhabi Bank


MIDEAST STOCKS-Major markets firm on higher oil prices; #Saudi leads gains | Nasdaq

Most Gulf stock markets strengthened on Wednesday, in tandem with global shares, as progress on the U.S. fiscal stimulus front and positive news about COVID-19 vaccines lifted investor sentiment.U.S. lawmakers continued to negotiate over additional stimulus to help offset the economic impact of the pandemic while pursuing a stopgap government-funding bill.MSCI's gauge of stocks across the globe .MIWD00000PUS rose 0.3% to a record high 635.65.Oil prices, a key catalyst for the Gulf markets, gaine...
Tags: Travel, Washington, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Emirates NBD, MSCI, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI, Dubai Islamic Bank DISB DU


MIDEAST STOCKS-Most markets gain as financials rise; #Qatar eases | Nasdaq

MIDEAST STOCKS-Most markets gain as financials rise; Qatar eases | Nasdaq Most Gulf stock markets rose in early trade on Wednesday, supported by gains in financials, while petrochemical firm Industries Qatar dragged down Qatari stocks.Saudi Arabia's benchmark index .ADI rose 0.4%, with Al Rajhi Bank 1120.SE gaining 0.5% and petrochemical maker Saudi Basic Industries 2010.SE up 0.7%.Oil giant Saudi Aramco 2222.SE and energy services company Baker Hughes BKR.N formed a 50/50 joint venture, Novel, ...
Tags: Travel, Washington, Saudi Arabia, Qatar, United States, Egypt, United Arab Emirates, Dubai, Abu Dhabi, Kuwait, Gulf, Aramco, Adi, Emirati, Emaar, Rupert Neil Bumfrey