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Mideast Stocks: Property weighs on Dubai, most major Gulf markets fall
March 7, 2019--Dubai stocks fell on Thursday when its property firms declined,while bank shares hurt the Saudi market.
Saudi Arabia's index was down 0.7 percent, with Al Rajhi Bank shedding 1.2 percent and the country's largest bank, National Commercial Bank, declined 1.5 percent.
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Mideast Stocks: Lender FAB hurts Abu Dhabi, Qatar nears five-month low
March 6, 2019--Abu Dhabi's stock index fell sharply for its worst day in eight months on Wednesday while Qatar touched its lowest in nearly five months, pressured respectively by First Abu Dhabi Bank (FAB) and Industries Qatar going ex-dividend.
Dubai's finance department unveils second economic incentives suite
March 5, 2019--The Government of Dubai's Department of Finance (DoF) has launched a second package of economic growth initiatives aimed at enriching the emirate's economic incentive package as part of the government's response to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
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Mideast Stocks: Qatar hits 2-month low, major Gulf markets down
March 5, 2019--The Qatar stock market slid to a two-month low on Tuesday, weighed down by its blue-chips, while major Gulf bourses fell across the board, mostly pressured by financial shares.
Qatar's index fell 1.1 percent, with Vodafone Qatar losing 3.2 percent after approving a regulatory decision to reduce the nominal value of its shares to 1 riyal each.
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Mideast Stocks: Saudi market extends gains ahead of FTSE inclusion
March 4, 2019--The Saudi index rose 0.4 percent on Monday, helped by petrochemicals stocks, with Sipchem 2310.SE up 3.3 percent in active trade after saying it completed maintenance activities for its polybutylene terephthalate plant.
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Saudi market cross-listing regulations expected in Q2
February 28, 2019--Regulations to allow companies from other Gulf countries to list on Saudi Arabia's stock market are expected to be finalised in the second quarter of this year, the chief executive of the Saudi bourse, Tadawul, said on Thursday.
Saudi Arabia's Capital Market Authority and Tadawul are working with potential investors in the Gulf countries on the new cross-listing rules, Khalid al-Hussan, chief executive officer of Tadawul told a news conference.
Saudi bourse expects $15-$20bln in passive fund inflows in 2019
February 28, 2019--Saudi Arabia's stock exchange expects passive fund inflows of $15 to $20 billion this year as it gears up for inclusion in emerging market benchmarks, its chief executive told Reuters.
Tadawul, Saudi Arabia's main stock exchange and the Middle East's largest bourse, will join the FTSE Russell and MSCI emerging market indices in March and May this year, heightening interest among foreign investors in the Saudi market.
Mideast Stocks: Dubai's property stocks drop, most Gulf markets slide
February 27, 2019--Dubai's stock market fell in early trading on Wednesday, a day after reaching a three-month high, as all its property shares declined. Most major Gulf markets slid.
The Dubai index dipped 0.4 percent, with Emaar Properties losing 0.8 percent and its retail arm, Emaar Malls, falling 2.2 percent.
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Mideast Stocks: Dubai hits 3-month high, COMI pressures Egypt
February 26, 2019--Dubai shares hit a three-month high on Tuesday as all but one of its real estate firms gained, while Egypt's blue-chip index declined, primarily led by Commercial International Bank (COMI).
The Dubai index .DFMGI rose 0.9 percent to reach its highest in nearly three months.
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Mideast Stocks: Blue-chip banks pressure Saudi, property stocks impede Dubai
February 25, 2019--Saudi Arabia's stock market fell on Monday as most of its blue-chip bank shares slid, while Dubai snapped an eight-day winning streak, pulled down by its real estate stocks.
Saudi Arabia's index decreased 0.9 percent with Al Rajhi Bank falling 0.6 percent and Riyad BankE losing 3.1 percent.
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