Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Bahrain banks gain, while industrials weigh
March 13, 2014--The Bahrain All Share Index closed flat 1,374.80 points on Thursday, March 13.
Bahrain Islamic Bank surged by 3.45 per cent to reach BHD0.15. Islamic bank Al Salam edged up by 2.90 per cent, while industry heavyweight Aluminium Bahrain lost 1.21 per cent to end at BHD0.49. Gulf Finance House (GFH) closed even at $0.21.
Renaissance Capital says Iran could open for investment in 18 months
March 12, 2014--According to investment bank Renaissance Capital, an Iran freed of economic sanctions would prove the final frontier for global equity investors, Bloomberg has reported.
"The past 10 years have seen global investors reach into previously untapped markets, from local currency corporate bonds in emerging markets to equities in frontier markets," London-based chief economist, Charles Robertson,...
Advanced Petrochemical advances on MoU with SK Gas
March 12, 2014--The Tadawul All Share Index slipped 0.12 per cent to 9,351.11 points on Wednesday, March 12.
Advanced Petrochemical Company (APC) surged 1.40 per cent to close at SAR43.40.
Bahrain lenders fail to boost Manama market
March 12, 2014--The Bahrain All Share Index closed 0.92 per cent lower at 1,374.61 points on Wednesday, March 12.
Islamic bank Al Salam Bahrain dived by 5.45 per cent to BD0.208. Arab Banking Corporation gained as the sole share, finishing 1.82 percent higher at $0.56.
Qatar Exchange remains in the red
March 12, 2014--Shares listed on the market in Doha lost across the board, pulling the QE 20 Index down by 1.4 per cent to 11,349.17 points on Wednesday, March 12.
The shares of Qatari Investors gained against the trend.
Abu Dhabi market dives as gauge falls for the fifth session straight
March 12, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) plummeted by 2.77 per cent to close at 4,650.17 points on Wednesday, March 12.
Aldar Properties dived 4.82 per cent to AED2.96. Dana Gas lost 3.70 per cent, falling to AED0.78. United Arab Bank bucked the trend and gained 14.87 per cent, reaching AED8.49.
Dubai market plummets on Ukraine, overheating fears
March 12, 2014--The Dubai Financial Market General Index (DFMGI) dived 3.81 per cent to reach 3,935.79 points on Wednesday, March 12, representing a two-month low.
Shares lost across the board, as the crisis on Crimea, and the war of words between Russian and the Ukraine continued.
Tadawul bourse remains in a stutter mode
March 11, 2014--The Tadawul All Share Index closed 0.12 per cent higher at 9,354.55 points on Tuesday, March 11.
The world,s biggest petrochemical firm SABIC closed unchanged at SAR116. Saudi Arabia Refineries Co (SARCO) gained the most, finishing 9.77 per cent higher at SAR70.25.
Industries Qatar gets a nod for 110 per cent cash dividend
March 11, 2014--The QE 20 Index gained by 1.72 per cent to reach 11,509.16 points on Tuesday, March 11.
The market bellwether, Industries Qatar's (IQ) shares fell by 7.14 per cent to close at QAR182.
Abu Dhabi market loses for the fourth session straight
March 11, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) lost 1.23 per cent to close at 4,769.58 points on Tuesday, March 11.
Market bellwether Etisalat lost 0.42 per cent to reach AED11.95, representing a two-week low. Abu Dhabi Islamic Bank (ADIB) added 0.50 per cent, ending at AED8.00.
