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Mideast Stocks: UAE markets down on regional geopolitical tensions
May 13, 2019--The Dubai index was down 1.5% and Abu Dhabi's index was down 1.7% in early morning trade.
Stocks in the United Arab Emirates fell sharply in early trade on Monday amid rising geopolitical tensions after the UAE said that four commercial vessels were hit by sabotage near the emirate of Fujairah on Sunday.
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Mideast Stocks: Saudi, Dubai stocks lead losses after tanker attacks
May 13, 2019--Saudi stocks suffered their biggest intraday decline since mid-October on Monday after Riyadh said two of its oil tankers were among those targeted in attacks on commercial vessels near United Arab Emirates.
Other Gulf markets were also in the red, with Dubai index plunging 2.8% and Abu Dhabi index falling by 2.5%.
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Mideast Stocks: Trade tensions, weak oil pressure most major Gulf markets
May 9, 2019--The Abu Dhabi and Dubai stock markets dropped sharply on Thursday, affected by global trade tensions and falling oil prices, which sent most Middle Eastern bourses sliding.
The Abu Dhabi index fell 1.4 percent, declining for the sixth straight session, with Abu Dhabi National Hotels plunging 7.4 percent and Abu Dhabi Commercial Bank (ADCB) sliding 5 percent.
Mideast Stocks: Global trade tensions, Ramadan dent appetite for Gulf stocks
May 8, 2019--The Egyptian blue-chip index slid sharply to its worst day in six months on Wednesday, mirroring weak global sentiment, while Saudi Arabia's index fell, pressured by global tensions and investors retreating from markets during the Muslim holy month of Ramadan.
Blockchain in energy market to top $3bln by 2025: report
May 8, 2019--Rising security concerns of grids & networks on account of increasing interconnection and digitalization will drive the blockchain technology in energy market growth.
Blockchain technology in energy market size will surpass $3 billion by 2025, said US-based Global Market Insights, a global market research and strategy consulting firm.
Mideast Stocks: Oil, geopolitical tensions weigh on Saudi; most Gulf markets down
May 7, 2019--Saudi Arabia's stock market fell on Tuesday for the fourth straight day, weakened by a combination of lower oil prices and geopolitical tension in the Middle East, while Egypt's blue-chip index was buoyed by its largest lender.
The Saudi index was down 0.8 percent. The country's second-largest lender by assets Al Rajhi Bank lost 1.1 percent and National Commercial Bank shed 2.3 percent.
GCC Capital markets: Slowly but surely
May 7, 2019--2018 closed encouragingly for the GCC as it witnessed five IPO listings raising over $1 billion in the last quarter of the year. However, positivity dipped a little at the start of 2019 with only one IPO floated for the first quarter, compared to four IPOs worth $430 million, in the first quarter of 2018.
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Mideast Stocks: Saudi hit by profit-taking, financials drag major Gulf markets
May 6, 2019--Saudi Arabia's stock market fell on Monday to its lowest point in eight months, hurt by profit-taking in its banks, while most major Middle Eastern markets also slid sharply.
The Saudi index was down 1.5 percent, weakened by financial and petrochemical stocks. Its biggest lender, National Commercial Bank, decreased 1.9 percent and Banque Saudi Fransi 1050.SE lost 4.3 percent.
Mideast Stocks: Gulf reverses earlier gains on profit-taking, volumes thin
May 5, 2019--Middle East stock markets reversed earlier gains and closed in negative territory on Sunday, hit by profit-taking and disappointing quarterly results from some companies, with trading thin ahead of Ramadan.
The Saudi index was the worst hit in the Gulf, losing 1.7 percent, pulled down by heavyweight names in the banking and petrochemical sectors.
GCC markets achieve a positive performance in April
May 4, 2019--The GCC markets saw a positive performance during April, as the S&P GCC Index gained 4.4%, compared to 2.3% in March, Kuwait Financial Centre (Markaz) reported on Saturday.
The Boursa Kuwait achieved 2.2% returns in April and the general index marked fourth successive monthly growth.
