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NASDAQ Dubai lackluster
July 3, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 0.49 per cent lower at 4,105.98 points on Thursday, July 3.
DP World slipped 0.77 per cent to $19.60. Earlier in the week, DP World chairman, Ahmed Bin Sulayem, met the president of the Maldives, Abdulla Yameen Abdul Gayoom, in Malé. Emirates REIT closed flat $1.39.
Abu Dhabi market rebound short-lived
July 3, 2014--A two-day gaining streak of the stock market index ADXGI was interrupted on Thursday, July 3, as the market index ADXGI closed 0.75 per cent lower at 4,770.74 points.
Abu Dhabi National Takaful gained 15 per cent (limit up), while Gulf Medical Projects lost the most (down by 9.91 per cent to AED2.09).
Egypt expects economic growth to top 3% in 2014/15 fiscal year
June 30, 2014--Egypt's finance minister, Hany Kadry Dimian has said the country's economy is expected to grow by more than 3% during the 2014/15 fiscal year, Reuters has reported.
The minister spoke the day after President Abdel Fattah al-Sisi approved a revised and tightened budget for the next fiscal year, which begins today, the first step toward
DFM rises 6,09% as Arabtec climbs 5.13%
June 26, 2014--Thursday, June 26, 2014, 1:30:02 AMGo to full article
The Dubai Financial Market (DFM) index rose 6.09% on Wednesday to reach 4,253.04, while the Abu Dhabi
Securities Exchange (ADX) gained 1.89% to end at 4,639.41.
DFM drops 4.32% as Arabtec falls 9.9%
June 24, 2014--Both the Dubai Financial Market (DFM), and the Abu Dhabi Securities Exchange (ADX) ended the day's trade on Monday in the red,
as most powerhouses saw major drops in their share prices.
Egypt bourse to allow pre-session trading
June 24, 2014--The Egyptian Stock Exchange has said it will resume pre-market sessions, allowing stocks to move as much as 20% a day, double the limit in place since 2011, Bloomberg has reported.
The bourse will allow shares to fluctuate as much as 10% during pre-market trading, it said. Stocks can also move an additional 10% in...
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NASDAQ Dubai lackluster ahead of Ramadan
June 22, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 1.61 per cent lower to 4,177.27 points on Sunday, June 22.
DP World lost 0.52 per cent to close at $19.01. Depa and Emirates REIT ended flat.
Abu Dhabi exchange signs bonds listing, trading agreement
June 22, 2014--Abu Dhabi Securities Exchange (ADX) has signed an agreement paving the way for bonds and other debt instruments to be listed and traded through the bourse, it said in a statement on Sunday.
The introduction of debt listing and trading has long been anticipated in the emirate-the largest and richest of the seven which make up the United Arab Emirates-as a way to expand the exchange's activities and make it easier for local companies to sell debt instruments.
Egypt Stocks End This Week Lower, Lose EGP3.3bn
June 20, 2014--Egypt's stocks ended this week lower with losses amounting to 3.3 billion Egyptian pounds as foreign investors were back to sell-off transactions.
Consequently, the main stock index, EGX30 also ended Thursday's sessions below 8340 points.
Banque Saudi Fransi seals SAR2 billion sukuk
June 19, 2014--The Saudi Arabian Tadawul All-Share Index gained a tiny 0.10 per cent on Thursday, June 19, finishing at 9,648.26 points.
A new war of words between Saudi Arabia and Iraq has weighed on the sentiment. Saudi Arabian minister of foreign affairs, Saudi Al-Faisal, denied accusations made by Iraqi prime minister...