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Industries Qatar AGM gives nod for a 70 per cent cash dividend
March 2, 2015--The Qatar Exchange 20 Index added insignificantly to reach 12,450.34 per cent on Monday, March 2.
General Insurance posted the biggest leap upwards, closing four per cent higher at QAR66.
The market's heavyweight Industries Qatar closed 2.90 per cent lower at QAR150.50.
Etisalat share price rally halted
March 2, 2015--In Abu Dhabi, the stock exchange market index ADXGI lost 0.44 per cent to close at 4,668.71 points on Monday, March 2.
Oil (Brent crude) lost 1.77 per cent to reach $61.77 per barrel today (as of 4pm, Abu Dhabi time). Abu Dhabi harbours 90 per cent of the UAE's oil reserves and oil accounts for 29 per cent of the Gulf state's GDP.
S&P Dow Jones Indices-Middle East Index Dashboard
February 27, 2015--February was the second positive month in a row for the S&P Pan Arab Composite LargeMidCap, which returned 4% against a backdrop of energy prices rising from the remarkable lows set at the end of January.
The Middle Eastern region also outperformed the S&P Emerging BMI, but lagged the surging markets of Europe, the U.S. and Japan.
Among countries, the United Arab Emirates led the monthly charts with a 6.9% gain. However, so far this year Saudi Arabia has significantly outperformed all other major bourses in the Middle East; the S&P Saudi Arabia BMI is up 11.1% year-to-date while returns are mostly in the low single digits among the competition.
Investment Minister-Egypt Further Opens Its Market to Investors
February 27, 2015--Egypt is further opening its market to investors, Investment Minister Ashraf Salman said Thursday 26/02/2015, noting that the government is carrying out a number of legislative reforms on investment-related laws.
Salman's remarks came during a meeting with British Minister for the Middle East Tobias Ellwood on the sidelines of London's Telegraph Middle East Congress.
DP World shares consolidate above $21
February 26, 2015--The FTSE NASDAQ Dubai UAE 20 Index closed 0.17 per cent higher at 3,874.59 points on Thursday, February 26.
DP World, the third-biggest container port operator globally, gained one per cent to hit $21.20.
Qatar's Salam International shareholders nod six per cent cash dividend
February 26, 2015--The Qatar Exchange 20 Index in Doha lost 0.21 per cent to close at 12,445.34 points on Thursday, February 26.
Al Salam International plummeted 2.36 per cent to QAR14.45.
UAE stock markets close the week diametrically opposed
February 26, 2015--The Dubai stock market measure DFM general index closed 0.14 per cent lower at 3,864.67 points on Thursday, February 26, regaining insignificant ground compared to last week.
SHUAA Capital was the share of the week in Dubai.
Qatar's Milaha earns 5.2 per cent more y-o-y
February 25, 2015--The Qatar Exchange 20 Index in Doha lost 0.43 per cent to close at 12,471.96 points.
Qatar Navigation Company (Milaha) dipped 0.20 per cent to QAR104.20, it disclosed in its financial statements for the year ended December 31, 2014. T
Abu Dhabi market adds as oil stabilises
February 25, 2015--The Abu Dhabi securities market index ADGXI closed 0.22 per cent higher at 4,631.19 points on Wednesday, February 25.
DME Oman crude oil futures added $0.58 to reach $56.06 per barrel.
NASDAQ Dubai shares demanded
February 24, 2015--The FTSE NASDAQ Dubai UAE 20 Index closed 0.23 per cent higher at 3,846.09 on Tuesday, February 24.
DP World gained the most, closing 1.11 per cent at $21. Emirates REIT advanced by 0.82 per cent to finish at $1.23.