Forex
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June 9, 2013
The Central Bank of Egypt (CBE) announced a $1.6bn increase in Egypt’s net foreign currency reserves to $16.04bn at the end of May, but analysts warn this is a “temporary phenomenon”.
June 6, 2013
Led by real estate and banking stocks, Abu Dhabi index rose moderately yesterday after a day of decline, its highest close since October 2008. The benchmark gained 0.76 per cent to end at 3599.29.
June 5, 2013
Egypt's bourse dropped to a five-week low on Tuesday, making its biggest one-day loss in two months on increasing fears of political instability, while Gulf markets were mixed.
June 4, 2013
It turned out to be largely positive for investors yesterday, as Saudi Arabia’s benchmark stock index recorded a handsome gain of 1.14 percent, which is the highest increase during last two weeks.
June 3, 2013
The Saudi stock market registered solid gains last month. At the end of May 2013, the Tadawul All-Share Index (TASI) closed at 7,404.12 points, gained 224.3 points or 3.12 percent over the close of the previous month.
June 2, 2013
Egypt has converted $2.5 billion that Qatar lent it in December into 18-month notes and is working to convert another $3 billion lent this month into three-year bonds, Egypt's central bank governor was quoted on Thursday as saying.
Saudi stock market continued its positive movement for the second consecutive week, marking another gain of 0.56 percent.
May 29, 2013
Trading activity remained flat on the local bourse as the Muscat Securities Market general index consolidated to close at 6,396.10.
May 27, 2013
The Saudi stock market continued its negative movement, marking another small decline of 0.19 percent yesterday.
Regional markets ended mixed on Sunday as most investors reassessed the sustainability of hefty year-to-date gains of the respective indices.
May 26, 2013
The Saudi stock market slumped yesterday, reversing after a 6-day surge and dropping more than 29 points for the day.
May 23, 2013
Egypt's central bank kept the price of the country's currency steady against the dollar at a special $800 million foreign exchange auction on Wednesday, called to help importers pay for wheat, meat, cooking oil and other essential imports.
May 22, 2013
The auction will be the central bank's second exceptional sale of foreign exchange. In April, it sold $600 million to pay for wheat, meat, cooking oil and other essential imports.
May 21, 2013
Benchmark oil for June delivery gained 69 cents to close at $96.71 a barrel on the New York Mercantile Exchange.
May 20, 2013
Dubai’s benchmark stock index rose to its highest closing level in almost four years while the Abu Dhabi market general index surged to its highest level since October 2008 on Sunday on the back of a rally in real estate and banking shares.
