Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
State payment plan lifts Saudi index
November 9, 2016--Government's plan to pay debts to the private sector boosted the market, lifting Saudi index
All 12 listed banks rose; they have been bullish since last month's bond sale
Long-term investors returned to buy blue chips that dropped sharply over past year.
UAE, Qatar markets update: Aldar up on earnings beat
November 8, 2016--Net profit attributable to Aldar's owners came in at AED747.8m. Emaar Properties, added 0.9 percent, helping lift Dubai's main index up 0.4 per cent.
Small and mid-sized shares were the chief gainers, with builder Arabtec advancing 2.3 percent Abu Dhabi's index rose by 0.6 percent as the largest listed developer Aldar Properties climbed 1.2 percent...
Saudi shares see fourth day of uninterrupted gains
November 8, 2016--Mainly due to positive news from the government's payment plan to the private sector Contractor Al Khodari was the top gainer after 15 minutes of trade
Petrochemical and banking shares remained robust Stock markets in the Gulf edged higher on Tuesday with Saudi Arabian shares heading for a fourth day of uninterrupted gains on positive
With dollars scarce, Egypt's newly-floated pound weakens
November 7, 2016--Egypt abandoned currency peg to dollar last week
Shortage of dollars continues to pressure pound
Government urges Egyptians to shun black market
Egypt's pound weakened on Monday, its second day as a freely trading currency, and traders said they expected further declines as a severe dollar shortage in the banking system...
Egypt's private sector sank in October, pound float may spur growth
November 6, 2016--*PMI dropped to a 39-month low of 42.0 in October, from 46.3 in September
Job creation in the private sector fell the seventeenth consecutive month
Egypt's non-oil private sector growth slowed to its weakest rate in more than three years in October on the back of weakness of the Egyptian pound against...
Gulf single currency inevitable-Oman c.bank chief quoted
October 31, 2016--The creation of a single currency in the Gulf Arab region has become inevitable and is only a matter of time, the executive president of Oman's central bank was quoted as saying.
Oman is not one of the countries pushing for a common currency, but "serious measures" are being studied to achieve it, the Saudi
Dubai Financial Market nine-month profit drops 29 per cent
October 30, 2016--Dubai Financial Market (DFM), the Gulf's only listed stock exchange, reported a 22 per cent fall in third-quarter net profit on Sunday.
It made a net profit of AED35.4 million ($9.6 million) in the three months to September 30, down from AED45.4m a year earlier, it said in a statement. During the quarter, revenue reached
Gulf markets consolidate but Saudi banks continue rebound
October 30, 2016--Gulf stock markets consolidated in early trade on Sunday because of a lack of positive factors and sluggish global bourses, but Saudi Arabian banks continued to rally.
view more
Gulf stock markets pull back, mild profit-taking in Saudi
October 26, 2016--Saudi index was down 0.3 per cent after 30 minutes of trade
Dubai's index dropped 0.4 per cent as Emaar Properties lost 0.9 per cent
Qatar slipped 0.2 per cent
Abu Dhabi's index rose 0.3 per cent, Most stock markets in the Gulf fell in early trade on Wednesday...
Weekly economic update: Little change in region's bourses
October 20, 2016--Global stock markets were choppy and ended the week as a disorderly lot.
Europe recorded some gain but elsewhere red ink prevails, especially in emerging markets.