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MIDEAST STOCKS-Saudi edges up, Qatar soft in early trade
November 30, 2017--The Saudi index added 0.2% in the first hour
Saudi Arabia's stock market edged up in early trade on Thursday while Qatar's bourse softened, as regional trade was thinned by the closure of the United Arab Emirates and Kuwait for public holidays.
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ADX sees rising demand for issuance of Investor Numbers due to Adnoc IPO
November 29, 2017--ADX sees 2,700 per cent increase in requests for Investor Numbers or the modification of information
Abu Dhabi Securities Exchange (ADX) announced a 2,700 per cent increase in demand for the issuance of Investor Numbers (IN) between November 26-28, post the initial public offering by Adnoc for Distribution.
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MIDEAST STOCKS-Saudi firm after settlements in corruption probe, Qatar climbs
November 29, 2017--Saudi Arabia's stock market was firm on Wednesday after news that senior prince Miteb bin Abdullah had been freed by authorities.
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Cairo bourse is set to restructure the transactions market in 2018
November 27, 2017--Egypt bourse plans to increase the number of companies listed in the stock market during the upcoming year.
Egypt bourse is studying the comprehensive restructure of the transactions market so as to increase the number of companies listed in the stock market during the upcoming year, according to the Egyptian Exchange Deputy Chairman Mohsen Adel.
MIDEAST STOCKS-Gulf rises, Saudi gets support from cement sector
November 27, 2017--The Saudi index climbed 0.6% in the first hour
Most Gulf stock markets rose in early trade on Monday with Saudi Arabia getting support from Al Jouf Cement and Saudi Industrial Export Co after the companies announced an export deal with Jordan.
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Saudi to allow smaller foreign funds into stock market, ease other rules
November 23, 2017--Saudi Arabia will ease requirements for foreign institutional investors in its stock market.
Saudi Arabia will ease requirements for foreign institutional investors in its stock market, the securities regulator said on Thursday, as Riyadh seeks to draw more capital into the market before the listing of state oil giant Saudi Aramco. view more
OPEC chatroom dead as Qatar crisis hurts Gulf oil cooperation
November 23, 2017--For first time, Gulf oil ministers not meeting before OPEC
OPEC's most powerful internal alliance, bringing together the oil producer group's Gulf members, is disintegrating fast.
As a six-month-old spat between Saudi Arabia and Qatar deepens, the organisation's Gulf ministers will have to scrap their tradition of meeting behind closed doors to agree policy before OPEC holds its twice-yearly talks, OPEC sources say.
MIDEAST STOCKS-Markets firm in early trade, Emaar continues rebound in Dubai
November 23, 2017--Gulf stock markets generally firmed in early trade on Thursday with Emaar Properties continuing to rebound in Dubai
Gulf stock markets generally firmed in early trade on Thursday with Emaar Properties continuing to rebound in Dubai from losses suffered in the run-up to its local development unit's listing.
MIDEAST STOCKS-Markets may stay sluggish, ADNOC plans could support Abu Dhabi
November 21, 2017--Middle East stock markets may again have little upside on Tuesday because of geopolitical worries
Middle East stock markets may again have little upside on Tuesday because of geopolitical worries, although the privatisation plans of Abu Dhabi National Oil Co (ADNOC) could continue to support that market.