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.
May 19, 2013
Both the Dubai Financial Market and Abu Dhabi Securities Market are trading at a nearly four-year-high, reflecting a return of investor confidence.
May 16, 2013
Dubai’s benchmark index continued yesterday from where it ended on Tuesday, as stocks maintained their upward trend to set new highs since October 2009.
Positive global equity markets rubbed off on the Muscat Securities Market general index, which closed Wednesday's trading up 0.53 per cent at 6,352.19.
May 14, 2013
The UAE markets rose in tandem on Monday, with Dubai Financial Market gaining 0.50 per cent and Abu Dhabi Securities Exchange 0.43 per cent.
May 13, 2013
The Central Bank of Egypt (CBE) received a $3bn Qatari deposit for the purchase of Egyptian bonds on Thursday, confirmed Nidal Assar, the sub-governor of the CBE.
RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.
The Tadawul All-Share Index (TASI) ended yesterday’s trading in the red at 7,195.17 points
Strength in global equity markets supported regional sentiment as most GCC stock markets ended Sunday in positive territory. The Muscat Securities Market general index inched up 0.20 per cent to close at 6,264.68.
May 9, 2013
The Saudi stock market could possibly take the lead in any moves for integration of regional exchanges, say industry analysts.
May 8, 2013
The Capital Market Authority is finalizing a regulatory framework which will allow foreigners to directly own stocks in Saudi Arabia, though the market has no need for liquidity from international investors, says its Chairman Mohammed bin Abdulmalik Al-Sheikh.
Omani investors lifted trading on the Muscat Securities Market as they net bought 7.7 per cent of the total value and the general index closed flat at 6,191.47.
May 7, 2013
A Croatian oil and gas company, INA, has withdrawn from a project for developing an oil block in Iran.
April 25, 2013
Vodafone Egypt is currently facing a challenge in obtaining foreign currency in Egypt to purchase network equipment, Vodafone’s Local Chief Executive Hatem Dowidar reported to the media.
April 24, 2013
The Egyptian pound, under severe pressure for months, hit a new against the dollar on Tuesday.