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Assets worth trillions to keep GCC resilient to global slowdown
July 7, 2019--The $43.7 trillion in liquid assets and quasi-liquid assets held by GCC countries and low debt levels are key factors set to drive economic transformation and diversification initiatives in the region, according to a global strategy consultancy firm.
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Mideast Stocks: Saudi stocks fall as Almarai disappoints, Kuwait extends gains
July 7, 2019--Saudi stocks fell on Sunday in response to a fall in profits at food company Almarai and weakness in blue-chip stocks, while the Kuwait index rose for the seventh straight session buoyed by the recent MSCI move to upgrade Kuwaiti stocks to emerging market.
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Mideast Stocks: Most Gulf markets reverse course, Kuwait extends gains on MSCI upgrade
July 3, 2019--Most major Middle East markets clawed back earlier losses on Wednesday largely on back of their financial stocks, while Kuwait rose for the fifth straight session after MSCI's decision to upgrade Kuwaiti equities to its main emerging markets index.
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Mideast Stocks: Saudi extends gains as global rally lifts most of Gulf
July 1, 20191--Saudi Arabia's stock market rose for a fifth straight day on Monday as most major Gulf bourses gained, reflecting positive global market sentiment after the United States and China reached a trade war truce.
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Abu Dhabi Securities Exchange cut trading commission by up to 90%
June 30, 2019--The Abu Dhabi Securities Exchange (ADX) said on Sunday it was cutting its trading commission fees by between 50% and 90% as it seeks to attract investors into the market.
The measure comes amid Abu Dhabi's wider plans to lower costs and reduce barriers for doing business as part of a 50 billion dirhams ($13.62 billion) stimulus package launched last year to bolster the emirate's economy.
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Mideast Stocks-Trade war truce lifts Gulf markets, Dubai leads gains
June 30, 2019-- Most major Gulf markets gained on Sunday, reacting to positive global market sentiment after the United States and China agreed to a trade war truce at the G20 meeting.
The two powers agreed on Saturday to restart trade talks after U.S. President Donald Trump offered concessions including no new tariffs and an easing of restrictions on the Chinese tech company Huawei.
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Mideast Stocks: Saudi stocks lead Gulf higher as it eases foreign ownership limit
June 27, 2019--Saudi stocks rose on Thursday after the kingdom relaxed its limit on foreign share ownership, and other Gulf markets gained after falling in recent sessions amid political concerns.
Saudi's stock index was up 0.6% in early trade with banks leading the gains. Arab National Bank rose 7% and Al Rajhi Bank added 0.7%.
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Mideast Stocks: Global rally propels Gulf markets; Saudis lead
June 27, 2019--All major Gulf markets gained on Thursday, reflecting a global equity rally, amid hopes for a U.S.-China trade truce, with Saudi shares getting a further boost from after limits were lowered on foreign share ownership.
Saudi's stock index was up 1.3%, with Arab National Bank rising 7% and Al Rajhi Bank up 1.9%.
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Saudi Arabia adds securities to major stock market indices
June 26. 2019--International access to Saudi equities continues to grow on the back of reforms to capital markets and the recent inclusion of dozens of stocks in an influential emerging markets index.
On May 14 index provider MSCI announced it would include 30 Saudi securities in the MSCI Emerging Markets Index at half of their foreign inclusion factor-adjusted market capitalisation.
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Mideast Stocks: Saudi extends gains while most Gulf markets drop
June 26, 2019--Saudi Arabia's stock market rose on Wednesday, lifted by Advanced Petrochemical2330.SE, while political concerns continued to weigh on most other Gulf markets.
Saudi's index was up 0.4% after snapping a four-day losing streak in the last session.
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