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TAQA secures $200 million Samurai loan to refinance bonds
April 17, 2014--The Abu Dhabi market index ADXGI finished the second week of April with a day gain of 0.50 per cent, closing at 5,156.65 points on Thursday, April 17.
The shares of Abu Dhabi National Energy Company-also known as TAQA
Doha Bank buys HSBC Oman business in India
April 17, 2014--The Qatar Exchange (QE) 20 Index advanced by 0.78 per cent to hit 12,550.98 points on Thursday, April 17.
Doha Bank ended up by 0.16 per cent at QAR63. Earlier in the day, the lender said it has entered into an agreement with HSBC Bank Oman...
Bahrain market hits one-month high
April 17, 2014--The Bahrain All Share Index regained 0.65 per cent to reach 1,389.05 points on Thursday, April 17.
Ahli United Bank finished 3.18 per cent higher at $0.81. Khaleeji Commercial Bank dived by 3.64 per cent to BHD0.053.
Lacklustre Tadawul bourse closes unchanged
April 16, 2014--The Riyadh-based Tadawul All Share Index finished flat at 9,504.33 points on Wednesday, April 16.
After hawkish comments by NATO general secretary, Anders Fogh Rasmussen, on ongoing border tensions between the Ukraine and the Russian Federation, investors swapped gold and oil for equity.
Dubai market cheers DIB's opening for foreign investors
April 16, 2014--The Dubai Financial Market General Index (DFMGI) finished a rollercoaster trading session 0.90 per cent higher at 4,728.38 points on Wednesday, April 16.
Dubai Islamic Bank (DIB) was the share of the day, which gained 2.60 per cent, reaching AED6.31. Earlier in the day, the oldest Islamic bank (founded in 1975) in the Gulf Arab...
Abu Dhabi market rises in lockstep with Dubai bourse
April 16, 2014--Like the Dubai market DFM, the Abu Dhabi market index ADXGI closed 0.45 per cent higher at 5,108.75 points on Wednesday, April 16.
Eshraq Properties and Aldar Properties were the most liquid shares and gained 5.24 per cent and 1.95 per cent, respectively. Ras al-Khaima Properties closed even. Abu Dhabi Ship Building lost the most...
National Bank of Bahrain convinces market with Q1 results
April 16, 2014--The Bahrain All Share Index regained 0.30 per cent to reach 1,380.03 points on Wednesday, April 16.
National Bank of Bahrain (NBB) advanced by 2.74 per cent to BD0.75. Earlier in the day, NBB said its net income in the first three months of this year rose by 12.1 per cent over the same period...
Vodafone Qatar tops bullish Doha bourse
April 16, 2014--The Qatar Exchange (QE) 20 Index extended its rebound on Wednesday, April 16, closing 1.07 per cent higher at 12,453.86 points.
Earlier in the week, the Korean ambassador to Qatar Keejong Chung, paid a visit to the QE, during which he met with the CEO Rashid bin Ali Al-Mansoori to discuss the prospects of...
Bank AlJazira gets nod to issue bonus shares
April 15, 2014--The Riyadh-based Tadawul All Share Index gained 0.63 per cent, hitting 9,505.03 points on Tuesday, April 15.
Market breadth turned back into positive territory as 113 shares advanced, while 28 declined. Bank AlJazira gained 0.47 per cent to hit SAR42.50. Earlier in the day, the Saudi Arabian capital market authority said it approved...
Abu Dhabi market falls for third session straight
April 15, 2014--The Abu Dhabi market index ADXGI ended 0.95 per cent lower at 5,085.63 points on Tuesday, April 15.
Earlier last week, Hong Kong-based investment guru Dr Marc Faber, said he expected a global stock market crash this year, like in 1987, "but worse", amid overheated stock indices.