Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Lackluster trading at NASDAQ Dubai
August 11. 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 1.60 per cent higher at 4,370.74 points on Monday, August 11.
DP World added insignificant value to reach $20. DEPA closed flat at $0.674.
Qatar market trails global rebound trend
August 11, 2014--The Doha-based QE 20 Index advanced by 0.50 per cent to reach 13,137.43 points on Monday, August 11.
Qatar National Bank gained 1.29 per cent to hit QAR180.40. Industries Qatar added QAR171.50, finishing at QAR171.50. Earlier in the day, the most valuable Qatari firm revealed that, in Q2 2014, net profit reached QAR1.2 billion, ...
Poor policies Restrain Growth in Seven Middle East & North Africa Countries
August 7, 2014--Egypt, Tunisia, Iran, Lebanon, Jordan, Yemen and Libya are trapped in a "poor policy-poor growth" cycle, which prevents their economies from moving to a sustainable growth path, says the World Bank in the newly released Quarterly Economic Brief for the Middle East & North Africa region.
The report, titled "Predictions, Perceptions and Economic Reality - Challenges of Seven Middle East and North Africa Countries Described in 14 Charts," finds that the situation has gotten worse after the 2011 uprisings. Despite recent signs of economic improvement in Egypt and Tunisia, growth continues to be weak and cannot generate enough jobs. Fiscal deficits are still high and public debts are growing at a faster pace than before, leaving little space for growth-promoting investment. Private sector activity is sluggish, and the few jobs that are created in the public sector are filled through connections, leaving young people frustrated. Many workers move to the informal sector, creating a large, vulnerable group exposed to external shocks."
AXA Coop Insurance gains as firm gets nod for e-sales
August 7, 2014--The Riyadh-based Tadawul All-Share Index advanced by 0.71 per cent to reach 10,552.48 points on Thursday, Aug. 7.
AXA Cooperative Insurance Company added 0.40 per cent, finishing at SAR43.70. Since June, the stock has been trading in a narrow range around SAR45. Earlier in the day, AXA Coop said the Saudi Arabian Monetary Agency SAMA
Bahrain market flirts with 1,500 points, ARIG reports results
August 7, 2014--Following the dull trading period in July, the Bahrain All-Share Index climbed constantly in the first week of August and closed on Thursday, Aug. 7,
0.54 per cent higher at 1,494.03 points. Arab Insurance or ARIG closed even at BD0.55. Earlier in the day, ARIG said its net income in the half-year reached $ 4.7m
Qatar market dips amid lackluster trading
August 7, 2014--The QE 20 Index in Doha ended off 0.21 per cent at 13,076.33 points on Thursday, Aug. 7.
On Wednesday, Qatar's Emir Tamim bin Hamad Al Thani has approved a law allowing foreigners to own UP TO 49 per cent of shares in companies listed on the Qatar stock exchange.
Real estate saves the day at Dubai bourse
August 7, 2014--The Dubai financial market general index DFMGI rebounded by 0.17 per cent,closing at 4,734.76 points on Thursday,August 7.
Emaar Properties regained 1.56 per cent to reach AED9.75. Arabtec Holding,the biggest construction firm in the UAE,was the most liquid share and advanced by one per cent to hit AED4.10.
No gainer at the NASDAQ Dubai
August 7, 2014--The FTSE NASDAQ Dubai UAE 20 Index finished 0.61 per cent higher at 4,296.67 points on Thursday, August 7.
The gauge measures the performance of the most liquid shares listed on the DFM,the ADX in Abu Dhabi and the NASDAQ Dubai. DP World closed unchanged at $20.00.
Qatar joins Saudi in relaxing foreign access to bourse
August 6, 2014--Qatar's Emir Tamim bin Hamad Al Thani has approved a law allowing foreigners to own up to 49 per cent of shares in companies listed on the Qatar Exchange.
Until now, foreigners could only acquire up to 25 per cent of Qatari companies. Under the new regulation, however, foreign investors will also be able to become majority shareholders if the Ministry of Finance gives them permission.
SABB/HSBC PMI Index two-year high lifts Tadawul bourse
August 6, 2014--The Saudi Arabian Tadawul All-Share Index closed 0.27 per cent higher at 10,478.34 points on Wednesday, August 6.
Earlier in the day, The Saudi British Bank "SABB" has published the results of the headline SABB HSBC Saudi Arabia Purchasing Managers' Index(SM) (PMI(TM)) for July 2014- a monthly report issued by the bank and HSBC. The monthly-adjusted...