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Kuwait Stock Exchange starts 2015 positively
January 29, 2015--The KSE market index closed 0.97 per cent lower at 6,572.26 points on Thursday, January 29.
The gauge advanced by 0.55 in the first four weeks of trading in 2015 albeit oil prices (US crude) lost 59 per cent in the last six months amid an excess supply on global markets.
Vodafone Qatar plummets as quarterly profit remains in the red
January 29, 2015--Qatar's construction industry value is forecast at approximately USD 32.3bn, representing a real value annual growth of 54%.
The QE 20 Index in Doha declined by 0.68 per cent to 11,899.63 points on January 29.
UAE stock markets fall as January blues weighs in
January 29, 2015--The Dubai financial market (DFM) general index closed 1.66 per cent lower at 3,774.40 points on Thursday, January 29, marking the last trading day of the month.
Its sister index ADXGI closed down by 0.83 per cent to 4,478.49 points.
Four Exchange-traded funds will be launched on the Qatari bourse
January 29, 2015--Four Exchange-traded funds (ETFs) will be launched on the Qatari bourse from next month.
Four entities have been initially licensed by bourse regulators to launch the ETFs. These include QNB, Al Rayan Bank, Amwal, Al Arab reported yesterday quoting the CEO, Rashid Al Mansoori.
NASDAQ Dubai heavyweights post losses
January 28, 2015--The FTSE NASDAQ Dubai UAE 20 Index ended 0.36 per cent higher at 3,701.76 on Wednesday, January 28.
For the first time in two-and-a-half months, Dubai Ports (DP) World fell below $20, closing 1.30 per cent at $19.80.
Abu Dhabi developers continue to underperform
January 28, 2015--The ADX general index declined by 0.31 per cent to 4,516.121 points on Wednesday, January 28.
Aldar Properties lost 0.41 per cent to reach AED2.45.
Oil rebound fuels Dubai market
January 28, 2015--The Dubai financial market (DFM) general index closed 0.43 per cent higher at 3,736.30 points on
Wednesday, January 28.
Qatar Insurance soars as FY net income hits QAR1bn
January 28, 2015--The shares of Qatar Insurance posted the second-highest day gain on Wednesday in Doha, closing 4.28 per cent higher at QAR87.70.
Earlier on Tuesday, the firm said its net profit in 2014 amounted to QAR1bn ($270m), up from QAR753m ($206.80m) in 2013.
Egypt growth to be 'easily north of 4%'
January 23, 2015--Egypt can expect economic growth "easily north of 4%" in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices, its finance minister said on Friday.
Hani Dimian also told Reuters in an interview at the World Economic Forum in Davos that the budget deficit for this year would fall to between 10 and 10.5% of gross domestic product, down from 12.5 to 12.6% in 2013-14.
Saudi market gains following ECB announcement
January 22, 2015--The Tadawul All-Share Index advanced by 0.33 per cent to close at 8,421.72 points on Thursday, January 22.
A sluggish opening was followed by a last-minute "home run" after the European Central Bank said during the day it would inject up to 1.1 trillion Euros into the union comprising 19 member states and their heterogeneous...