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Abu Dhabi Islamic Bank earns more in the first half-year
July 21, 2014--ADIB CEO, Tirad Al Mahmoud, addressing the Summit this morning, about the future of Islamic finance.
The Abu Dhabi market index ADXGI joined the rebound mood in Dubai and closed 1.48 per cent to reach 4,987.83 points on Monday, July 21. All sector indices, with the exception of insurance firms, landed in positive terrain. Waha Capital, the leasing, aviation and maritime investment firm advanced the most...
Rebound saves Dubai market from dropping below key support level
July 21, 2014--The Dubai stock market DFM opened lower on Monday, July 21, but shortly after performed a spectacular intraday rebound and closed 2.50 per cent higher at 4,724.95 points.
The rebound kept the gauge away from the 4,500 level, a key support, and also prevented the index from falling below the middle Bollinger bank which would...
NASDAQ Dubai index, DP World rise in lockstep
July 21, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 1.53 per cent higher at 4,337.00 on Monday, July 21.
DP World edged up likewise by 1.53 per cent, finishing at $19.90. Emirates REIT, the Sharia-compliant real estate investment trust declined by 0.71 per cent to reach $1.39. Bahrain's oldest and biggest Islamic bank Al Baraka Banking...
Qatar's Gulf Warehousing fails to convince with half-year results
July 21, 2014--The Qatar Exchange 20 Index lost 0.50 per cent, finishing at 13,155.58 points on Monday, July 21.
Gulf Warehousing Company dived 3.85 per cent to QAR50. Earlier in the day, the logistics firm announced it recorded a net income worth QAR 67.66 million ($18.26 million), up from QAR 52.08 million ($14.06 million) for the same period...
SA stocks retreat from record highs
July 17, 2014--South African stocks have retreated from record highs,
unmoved by the SA Reserve Bank's rate hike decision as concerns about valuation weighed on sentiment.
"Eid booking" kicks off at Tadawul market
July 17, 2014--Ten days before the end of Ramadan, the Tadawul All-Share Index closed 0.25 per cent lower at 9,786.58 points.
Yesterday, the bourse announced it will shut down trading from Friday, July 25th to August 2nd to mark Eid ul-Fitr, the festivities on the oaccasion of the end of fasting, Ramadan, in the Islamic world.
Dana Gas shares hammered in latest Kurdistan row
July 17, 2014--The Abu Dhabi market index ADXGI crossed the level at 5,000 points on Thursday, July 17, as the gauge closed 0.96 per cent higher at 5,033.18 points.
GCC markets advanced despite weak input from bourses in East Asia and Europe in the wake of increased diplomatic tensions between Russia and the USA due to the...
Temporary suspension of Arabtec no obstacle for Dubai bourse
July 17, 2014--The Dubai stock market DFM gained for the seventh (!) session straight on Thursday, July 17, closing 0.91 per cent higher at 4,900 points.
Earlier in the day, the DFM management suspended Arabtec Holding from trading as it said it was seeking clarification from the UAE's first construction firm on media reports about strategic partners’ ...
Doha Insurance jumps on S&P rating hike
July 17, 2014--The Qatar Exchange 20 Index gained for the fourth day straight, closing 0.84 per cent higher at 13,284.65 points on Thursday, July 17.
Doha Insurance closed 8 per cent higher at QAR27.65. Earlier in the day, Standard and Poor's Ratings Services raised the insurer's financial strength...
IFA Hotels and Resorts bucks fickle Kuwait trend
July 17, 2014--The Kuwait Stock Exchange (KSE) Market index lost slightly to close at 7,097.04 points on Thursday, July 17.
IFA Hotels and Resorts jumped 11.24 per cent to hit KD0.198. Zima Holding dived 22.66 per cent, finishing at KD0.099.