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Gulf bourses soft as oil's fall outweighs Q2 earnings
July 24, 2016--Gulf stock markets were soft in early trade on Sunday as weaker oil prices at the end of last week outweighed a few positive corporate earnings in Saudi Arabia.
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Gulf bourses soft as oil's fall outweighs Q2 earnings
July 24, 2016--Gulf stock markets were soft in early trade on Sunday as weaker oil prices at the end of last week outweighed a few positive corporate earnings in Saudi Arabia.
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IMF Executive Board Concludes 2016 Article IV Consultation with the United Arab Emirates
July 20, 2016--On July 20, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation 1 with the United Arab Emirates.
Persistently lower oil prices continue to weigh on economic sentiment and fiscal and external positions, but large buffers built over time have provided ample policy space, limited negative inward spillovers and contained the weakening of investor appetite.
Non-oil economic activity has slowed to 3.7 percent in 2015 driven by a contraction of public investment in the context of fiscal consolidation, and lower contribution from domestic private demand. Negative effects on overall growth were partially offset by the increase in oil production. Despite the strong fiscal policy response to adjust to lower oil prices, the fiscal balance turned to a deficit of 2.1 percent of GDP, while the current account surplus declined to 3.3 percent of GDP.
Gulf stock markets narrowly mixed in quiet trade; Saudi banks firm
July 18, 2016--Gulf stock markets were narrowly mixed in quiet, early trade on Monday although Saudi Arabian banks rose after a couple of them announced second-quarter earnings.
The Saudi stock index edged up 0.2 percent in the first half-hour as Riyad Bank gained 0.9 per cent.
Turkey keeps Gulf wary, Saudi's NCB falls after earnings
July 17, 2016--Gulf stock markets moved little early on Sunday as the failed coup attempt in Turkey kept investors cautious, while Saudi Arabia's largest listed bank dropped after reporting second-quarter earnings.
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Mideast's record output consolidates Opec share
July 13, 2016--Oil output from the Middle East rose to a record high in June, with production rising above 31 million barrels per day for the third month running.
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Gulf markets await start of earnings season
July 12, 2016--The start of earnings season for the Gulf's largest companies should begin to provide cues for investors in Middle Eastern bourses on Tuesday, against a backdrop of positive sentiment in global markets.
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Egypt maintains upward momentum on currency speculation
July 11, 2016--Egypt's stock market maintained its upward trajectory in early trade on Monday as investors were again buoyed by hopes of a further devaluation of the North African nation's currency.
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Egypt maintains upward momentum on currency speculation
July 11, 2016--Egypt's stock market maintained its upward trajectory in early trade on Monday as investors were again buoyed by hopes of a further devaluation of the North African nation's currency.
Global stock market gains to boost to post-Eid trading
July 10, 2016--Markets in the Middle East were shut for at least two days last week to mark the end of the holy fasting month of Ramadan, and bourses in Qatar and Bahrain remain closed on Sunday.
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