Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Despite good news, Saudi insurance firm Bupa Arabia shares fall
May 28, 2014--The Tadawul All-Share Index slipped 0.32 per cent to 9,798.45 points on Wednesday, May 28.
Bupa Arabia for Cooperative Insurance fell by 1.10 per cent to SAR88.50. Earlier in the day, the insurance company said it received approval from the Saudi Arabian Monetary Agency or SAMA of the renewal of its insurance activities license for...
Qatari shares lose across the board
May 28, 2014--The QE 20 Index fell by 0.60 per cent to 13,418.27 points on Wednesday, May 28.
All sector indices with the exception of the transport segment ended in the red. Earlier in the day, Deutsche Bank research said the newly imposed rule that non-GCC foreigners can own up to 49 per cent of Qatari companies
RAK Ceramics gains on SCA approval for RAK ruler stake sale
May 28, 2014--On Wednesday, May 28, the Abu Dhabi equity market index ADXGI dived 2.37 per cent lower to close at 4,977.67 points.
Asmal lost the most, finishing off by 10 per cent (limit down) to AED5.40. Ras Al Khaima (RAK) Ceramic gained 0.27 per cent to reach AED3.70. Earlier in the day, the world's biggest producer
Dubai market rebound halted abruptly
May 28, 2014--After re-crossing the barrier at 5,000 points yesterday (Tuesday, May 27), the Dubai Financial Market General Index (DFMGI) plummeted by 3.26 per cent to hit 4,845.78 points on Wednesday, May 28.
Market breadth ended deeply in the red, as three shares advanced, while 24 declined in value. Arabtec was the most liquid share, ending down
Fawaz Abdulaziz AlHokair gains on sukuk plans
May 28, 2014--In Riyadh, the Tadawul All-Share Index advanced by 0.10 per cent to hit 9,830.19 points on Tuesday, May 27.
Market breadth was negative, as 67 shares advanced, while 74 declined in value. Fawaz Abdulaziz AlHokair Company added 0.28 per cent, finishing at SAR193.75. Earlier in the day, the wholesale retailer of fashion revealed that it will...
Qatar increases foreign ownership limit
May 27, 2014--Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar has ordered an increase the 25% foreign ownership limit for shares listed on Doha's stock exchange, less than a week before an MSCI Inc.
upgrade to emerging market status, Bloomberg has reported. Investors outside the six-nation GCC will be able to hold as much
Qatar Exchange gains as market lures London investors
May 26, 2014--The QE 20 Index closed 0.32 per cent to close at 13,393.34 points on Monday, May 26.
The Doha-listed shares ended mixed, with banks and financial services leading the advance. Ahead of the MSCI Emerging Markets inclusion for Qatari companies, the Qatar Stock Exchange hosted a dinner event in London for senior representatives of brokers...
Dubai market cheers nod for Emaar's IPO plans
May 26, 2014--The Dubai Financial Market General Index (DFMGI) gained 1.86 per cent to hit 4,954.62 points on Monday, May 26.
Emaar was in the focus of the trading action, adding 3.22 per cent to hit AED10. The developer and market bellwether has received the required approval from the UAE’s Securities and Commodities Authority for selling down...
SABIC soars on Korean joint venture
May 26, 2014--The GCC equity bellwether index Tadawul All-Share Index closed 0.50 per cent higher at 9,821.53 points on Monday, May 26.
SABIC edged up by 0.78 per cent to hit SAR117. Earlier in the day, the world's biggest producer of petrochemicals said that its wholly owned subsidiary SABIC Industrial Investment Company and the Korean petrochemical company...
Abu Dhabi bourse re-conquers the 5,000-points mark
May 26, 2014--The Abu Dhabi equity market index (ADXGI) jumped 2.04 per cent to close at 5,026.37 points on Monday, May 26.
Emirates Telecommunications Corporation, better known as Etisalat, added 0.44 per cent, ending at AED11.40. Earlier in the day, the most valuable firm in the UAE revealed in a filing to the market that its subsidiary...