Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
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.
Qatar index hits 13,000 on earning expectations
July 16, 2014--Qatar bourse advanced broadly yesterday to hit the 13,000
mark on earnings expectations.
Kuwait bourse sheds 53.93 pts; volume dips
July 16, 2014--Kuwait stocks headed south on Tuesday, extending the losses to second straight session.
The market slid 53.93 points to 7,105.18 pts weighed by banks and other heavyweights.
UAE bourses merger shelved as terms not agreed: sources
July 10, 2014--A planned merger of the Dubai Financial Market DFM.DU and the Abu Dhabi Securities Exchange (ADX) has been shelved for the foreseeable future as terms for the politically sensitive move could not be agreed, sources told Reuters on Thursday.
Having been mooted for a number of years, a merger of the DFM and the ADX seemed to take an important step closer last year as investment banks were hired to advise on a tie-up-a move revealed by Reuters last October
Tadawul market adds 1.20 per cent over the week
July 10, 2014--The Riyadh-based Tadawul All-Share Index advanced 0.16 per cent to reach 9,803.29 points on Thursday, July 10.
Saudi Arabia Refineries Company was the top gainer as the share closed 5.24 per cent higher to hit SAR80.50. Gulf Union plummeted by 9.91 per cent to SAR28.90. The Saudi Arabian Capital Market Authority today imposed a fine
DP World hits one-month high despite Djibouti row
July 10, 2014--The FTSE NASDAQ Dubai UAE 20 Index finished the second trading week in Ramadan at 4251.56, up by 1.38 per cent, from the previous close.
DP World surged by 1.27 per cent to reach $20, the highest level since June 11. On Wednesday, the Wall Street Journal revealed the government of Djibouti's filing to the
Abu Dhabi market advances slightly
July 10, 2014--The ADX General Index gained 0.62 per cent to close at 4,847.14 points on Thursday, July 10.
Like at the DFM in Dubai,, market breadth was neutral. ABNIC gained the most (up by 14.91 per cent to AED4.70), while United Arab Bank hit a limit down, ending 10 per cent lower at AED6.30.
Dubai blue chips head northwards again
July 10, 2014--The Dubai equity market index DFMGI closed 1.50 per cent higher at 4,575.09 points on Thursday, July 10.
Market breadth was neutral like yesterday. Emaar Properties jumped 3.77 per cent to AED9.64. Arabtec regained 1.69 per cent to hit AED4.20, as the share is probably on the way to complete a V-shaped reversal pattern.
