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Mideast Stocks: Gulf mostly up ahead of results season, Global Telecom plunges in Egypt
January 13, 2019--Most Gulf markets closed in positive territory on Sunday but trading volumes were thin as investors awaited company results reporting that will begin this week.
In Egypt, the index gained 1.2 percent, but Global Telecom Holding plunged 7 percent after announcing earlier on Sunday its plan to convert outstanding shareholder loans of $370.6 million plus accrued interest into equity.
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Mideast Stocks: Gulf edges up ahead of results season, DP World gains on Chile deal
January 13, 2019--Gulf markets were slightly higher in thin trading volume early on Sunday, mirroring last week's muted close in global stock markets as investors took a breather ahead of company results reporting, which will start this week.
Mideast Stocks: Property stocks hurt Dubai, industrials lift Egypt
January 8, 2019--The Dubai stock market reversed course to slide on Tuesday as its property shares fell, while Egypt's blue-chip index gained for a fifth straight session, aided by its industrial stocks.
Mideast Stocks: Egypt falls for fifth day, banks boost Qatar
December 26, 2018--Egypt's blue-chip stock index fell for a fifth straight day on Monday, while Saudi Arabia edged up as oil prices rebounded moderately after plunging nearly 8 percent at the end of last week.
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Mideast Stocks: Gulf moves sideways despite oil tumble, banks boost Egypt
December 26, 2018--Gulf stock markets largely moved sideways on Wednesday despite Brent oil's LCOc1 decline below $50 a barrel for the first time since July 2017, while Egypt's blue-chip index rose sharply, led by rebounding bank shares.
Mideast Stocks: Real estate hurts Dubai, all major Gulf markets fall
November 20, 2018--Real estate shares led Dubai stock market lower on Thursday, while all major Middle Eastern bourses fell with other global equity markets
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Mideast Stocks: Banks drive Egypt gain, petrochemicals boost Saudi
December 17, 2018--A rebound in bank shares lifted Egypt's blue-chip stock index on Monday, while petrochemicals boosted Saudi Arabia's index.
The Egyptian blue-chip index was up 1.7 percent-about twice the rise of the broader EGX100 index-as the biggest bank, Commercial International Bank (COMI), increased 3.5 percent.
Mideast Stocks-Qatar gains on QAMCO debut, most Gulf markets fall
December 16, 2018--Gulf shares ended mostly lower on Sunday, hurt by a fall in global markets on Friday, but Qatar shares bucked the trend after a successful debut of Qatar Aluminium Manufacturing Co.
IMF-How Should GCC Countries Diversify Their Economies And Promote Inclusive Growth?
December 9, 2018--Recent volatility in oil prices underscore the need for the six countries in the Gulf Cooperation Council (GCC)-Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates-to continue their reforms to diversify their economies and encourage strong, stable, and inclusive growth.
Two recent IMF papers examine how greater openness to trade and foreign investment and more developed and inclusive financial sectors can help attain these goals.
Mideast Stocks: Dubai plummets to multi-year lows, oil trips up Saudi
December 6, 2018--Dubai's stock market plunged to its lowest level in more than five years on Thursday as real estate stocks continued to slide while weak oil prices pressured the Saudi market.
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