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...
Gulf's cyclical stocks may be weak
April 24, 2016--Stock markets in the Gulf may trade narrowly on Sunday as investors take comfort in firmer oil pries.
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Saudi cyclical earnings miss estimates
April 21, 2016--Major cyclical stocks reported earnings that fell short of expectations.
Petrochemical companies have so far posted better than expected results...
Abu Dhabi picks banks for benchmark dollar bond-leads
April 18, 2016--The Emirate of Abu Dhabi has mandated banks to arrange a benchmark-sized U.S. dollar bond issue, according to a document from lead managers, marking the sovereign's return to the international bond market after an absence of seven years.
Abu Dhabi has hired Bank of America-Merrill Lynch, Citigroup and JP Morgan to organise investor meetings...