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Banking shares fall, bucking global trend in UAE, Kuwait
June 29, 2017--Gulf stock markets were mixed on Thursday, with banks in the United Arab Emirates and Kuwait generally weak despite a strong performance by their global counterparts.
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Oil exporters back in trouble- report
June 27, 2017--Oil demand growth has undershot expectations in H1 2017, removing support to oil prices just when the market needed it most.
Globally, demand expanded by just 900 thousand b/d in H1 2017. This paltry figure was followed by a modest acceleration to 1.1 million b/d in Q2. In essence, global oil demand ran at just half the growth rate of the last two years.
Israeli spy agency creates fund to invest in tech firms
June 27, 2017--Israel's Mossad spy agency is starting a fund to invest in technology firms creating products that could assist its work, including those involving robotics and encryption, the prime minister's office said Tuesday.
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Saudi business cheers leadership shift, frets over reform, region
June 26, 2017-- The promotion of Saudi Arabia's top economic reformer to crown prince has cheered business leaders who believe it will open up new opportunities.
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Arab states present demands to Qatar to end blockade
June 23, 2017--Doha has been given 10 days to comply with list of 13 demands handed over by Kuwait
Saudi Arabia, the UAE, Bahrain and Egypt have issued Qatar with a list of 13 demands that it must comply with within 10 days if it wants them to lift their diplomatic and economic blockade, according to news agency reports.
Markets lose faith in OPEC as oil falls deeper into bearish territory
June 22, 2017--The ongoing fall in oil prices has driven risk-off sentiments across all asset classes.
U.S. stocks closed mostly lower on Wednesday despite the unexpected rise in home resales.
Saudi extends rally on new crown prince, MSCI; foreign funds boost Doha
June 22, 2017-- Saudi Arabia's stock market extended on the previous session's rally on Thursday as investors focused on shares likely to benefit from economic reforms and from MSCI's decision while Qatar rebounded as foreign funds were net buyers.
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"Unlawful" sukuk threaten Dubai's Islamic finance ambitions
June 21, 2017-- Dubai's ambitions to become a global hub for Islamic finance may have been dented by the decision of Dana Gas to declare $700 million of its Islamic bonds "unlawful", and thus suspend payments on the debt.
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