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Gulf consolidates, Saudi unmoved by market reforms
May 3, 2016--Gulf stock markets consolidated in quiet early trade on Tuesday with Saudi Arabia's bourse unmoved by the announcement of reforms designed to stimulate trading and draw fresh foreign money into the market.<
Dubai Financial Market Q1 net profit rises 27 per cent
May 1, 2016--Dubai Financial Market (DFM), the Gulf's only listed stock exchange, reported a 27 percent rise in first-quarter net profit on Sunday as trading activity increased.
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Abu Dhabi, Dubai pulled down by banks
April 28, 2016--Share price declines among leading banks in UAE after disappointing quarterly earnings reports pulled down stock markets there, while Saudi Arabian shares edged down.
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Mixed Q1 earnings may drive markets
April 28, 2016--Mixed first-quarter earnings may drive Gulf stock markets on Thursday, after three Abu Dhabi banks came in on the low side of expectations but Qatari telecommunications operator Ooredoo beat estimates by a large margin.
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Bahrain, Egypt bourses sign dual listing deal
April 28, 2016--Egypt's stock exchange has signed a cooperation agreement on dual listing process with Bahraini bourse.
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Saudi pulls back in early trade, Dubai's Emaar Malls surges
April 26, 2016--Shares in Saudi Arabia pulled back early on Tuesday as short-term investors booked profits in stocks which had jumped when Deputy Crown Prince Mohammed bin Salman announced economic reforms on Monday.
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Revealed: "Saudi Vision 2030"
April 25, 2016--Mohammed bin Salman, Deputy Crown Prince of Saudi Arabia, revealed on Monday the country's plans to diversify its economy by reducing its reliance on oil revenue.
The Arab country's cabinet approved "Saudi Vision 2030",a roadmap for the kingdom's post-oil journey.
Qatar First Bank lists shares on bourse
April 24, 2016--A businessman looks at an electronic share price display at the Doha Stock Exchange in Doha
Qatar First Bank (QFB) will list all its shares on the Qatar stock exchange on April 27, the bourse said in a statement issued on its website.
In the first listing of a private sector entity on the Qatar stock exchange since 2010, the Shari'ah-compliant bank will be listed under the banking and financial...
