Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Mideast Stocks: Oil lifts most of Gulf, top lender weighs on Egypt
April 17, 2019--Mideast Stocks: Oil lifts most of Gulf, top lender weighs on Egypt.
view more
Mideast Stocks: Banks lead Saudi higher, while Egyptian shares see sell-off
April 16, 2019-- Saudi Arabia's stock market rose on Tuesday as most of its banks gained, while a wide sell-off pulled down Egypt's blue-chip share index.
Saudi Arabia's index was up 0.6 percent with Saudi Arabian Mining adding 3.8 percent and Alinma Bank gaining 3 percent.
Mideast Stocks: Abu Dhabi hits near 5-year-high, petchems lift Saudi
April 15, 2019--Abu Dhabi's stock market rose to a near five-year high on Monday, lifted by First Abu Dhabi Bank, while petrochemical stocks led gains on Saudi Arabia's main index.
The Abu Dhabi index was up 0.9 percent after hitting its highest since May 2014.
view more
Abu Dhabi outperforms on FAB's foreign ownership limit increase
April 14, 2019--Abu Dhabi stocks climbed
Foreigners will be allowed to own as much as 40 percent of FAB stock from a previous limit of 25 percent, lifting FAB shares by as much as 4.6 percent.
Foreigners will be allowed to own as much as 40 percent of FAB stock from a previous limit of 25 percent, lifting FAB shares by as much as 4.6 percent.
Mideast Stocks-Abu Dhabi outperforms on FAB's foreign ownership limit increase
April 14, 2019--Abu Dhabi stocks climbed over 2 percent early on Sunday, outperforming other Gulf bourses, as First Abu Dhabi Bank (FAB) surged to a more than two-month high after it obtained regulatory approval to increase its foreign ownership limit.
Foreigners will be allowed to own as much as 40 percent of FAB stock from a previous limit of 25 percent, lifting FAB shares by as much as 4.6 percent.
view more
Aramco-Sabic deal leads to huge spike in MENA M&A volume
April 11, 2018--Saudi Aramco's $69.1 billion acquisition of the 70 percent stake in Saudi Basic Industries from the government's Public Investment Fund led to a massive hike in merger and acquisitions (M&A) volumes involving Middle East and North African (MENA) companies in the first quarter of 2019, according to Refinitiv data.
view more
Mideast Stocks: Dubai ends 10-day rally, most Gulf markets little changed
April 11, 2019--Dubai's stock market slid on Thursday as most of its financial shares dropped, snapping a 10-day winning streak, while other major Gulf markets were little changed.
The Dubai index fell 0.6 percent, led by a 1.7 percent fall in Emirates NBD, ahead of its board meeting scheduled on April 16 to approve its first-quarter financial statement.
Mideast Stocks: Dubai nears 5-month high, most major Gulf markets rise
April 10, 2019--Nine of 10 Saudi banks gain
Dubai's stock market rose for the tenth straight session on Wednesday, lifted by its financial shares, while Abu Dhabi was pulled lower by its top lender First Abu Dhabi Bank.
The Dubai index gained 0.2 percent, hovering around five-month high, with Emaar Properties adding 1.2 percent and Mashreq Bank jumping 5.3 percent.
Saudi Aramco says it raises $12bln from bond issue
April 10, 2019--Saudi Aramco said on Wednesday that it raised $12 billion from its debut international bond issue, which was split into five tranches. The bonds have maturities ranging from three to 30 years.
The offering is expected to close on April 16, subject to customary closing conditions.
view more
EU carbon price hits over 10-year high on Brexit extension hopes
April 10, 2019--The benchmark European Union carbon price hit a more than 10-year high on Wednesday, on expectations Britain will get a delayed exit from the EU which will mean it stays in the bloc's emissions trading system for longer
The price had risen to an intraday peak of 26.89 euros ($30.22) a tonne as of 1349 GMT, its highest since July 2008.
