Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Overheating fears drag Abu Dhabi bourse down
June 9, 2014--The UAE capital equity index (ADXGI) lost one per cent to close at 4,948.10 points on Monday,June 9.
Finance House gained the most,edging up by 4.80 per cent to hit AED3.50. Aldar Properties plummeted by 4.30 per cent to AED4.02. The biggest developer in Abu Dhabi came under pressure like all listed developers...
Qatari insurers buck downtrend
June 9, 2014--The Qatar Exchange 20 Index lost 1.37 per cent to close at 12,969.65 points on Monday,June 9.
Banks were sold,in particular. Qatar National Bank,Commercial Bank of Qatar and Qatar Islamic Bank fell by 0.40 per cent,1.64 per cent and two per cent,respectively. Qatar Insurance and Doha Insurance advanced by 1.63...
Saudi Arabia's Almarai upgrades import capacity
June 5, 2014--The Saudi Stock Exchange saw its market index TASI adding 0.04 per cent to hit 9,860.41 points on Thursday, June 5.
The shares of food and beverages producer Almarai closed 0.31 percent to reach SAR71.
Emaar malls' sukuk raises mood at Dubai market
‎June 5, 2014--The Dubai Financial Market General Index (DFMGI) ended a two-day losing streak and finished the first week of June 1.63 per cent higher at 5,100.68 points on Thursday, June 5.
Market leader Emaar Properties was in the limelight on the trading floor. The biggest developer in the UAE gained two per cent to hit AED10.15...
Abu Dhabi market rebounds to reach 5,055 points
June 5, 2014--In Abu Dhabi, the local stock market index (ADXGI) advanced 0.73 per cent on Thursday, June 5. Arkan Building Materials jumped 3.60 per cent to hit AED2.30.
Gulf Livestock Company recorded the biggest drop, ending off by 9.85 per cent to AED5.49. Market breadth was neutral, as 14 shares advanced and 14 declined in value..
Qatar Exchange rises with regional recovery
June 5, 2014--Parallel to a general relief rally at GCC markets on Thursday, June 5, the QE 20 Index halted a three-day losing streak and finished 0.68 per cent higher at 13,232.06 points. Mannai Corp failed to join and lost 2.58 per cent to close at QAR113.10.
Earlier in the day, Mannai revealed that its wholly owned...
Ithmaar Bank a lonely gainer at Manama market
June 5, 2014--The Bahrain All-Share Index advanced by 0.10 per cent to hit 1,461.55 points on Thursday, June 5.
Ithmaar Bank, after plummeting by 6.45 per cent yesterday, advanced 3.45 per cent to close at $0.15. No share lost value. Aluminum Bahrain closed unchanged at BHD0.444.
DGCX volumes surge 24% in May
June 5, 2014--May trading volumes on the Dubai Gold and Commodities Exchange (DGCX) recorded a robust growth of 24% from previous month, aggregating 1,017,991 contracts, valued at $31.5bn.
The currency segment was the key driver of volume growth, trading 923,491 contracts to record a month-on-month increase of 22%. Among the currency pairs, Indian Rupee Futures grew...
Abu Dhabi economy grew 5.2% in 2013
June 4, 2014--According to figures from Abu Dhabi's Statistics Centre Abu Dhabi (SCAD), the emirate's economy expanded an inflation-adjusted 5.2% in 2013, a much slower rate than the government had previously estimated but still higher than 4.8% in the previous, Reuters has reported.
This was much lower than an estimate in February by the emirate's Department of ...
Emirates NBD comments lift Saudi bourse
June 4, 2014--The Riyadh-based Saudi Arabian Tadawul All-Share Index advanced by 0.62 per cent to close at 9,838.86 points on Wednesday, June 4.
Arjuna Mahendran, chief investment officer at Emirates NBD in Dubai, says: "We are positive on the Saudi Arabian equity benchmark-Tadawul All Share Tasi Index-which has reasonably valued stocks, with high ...