DUBAI/CAIRO: Egypt's main index fell 0.8 percent on Tuesday to its lowest close since Feb. 6, on its sixth day of decline.
An Egyptian court halted on Tuesday a move to create a new constitutional assembly pending a ruling on its legality, a move (...)
DUBAI/CAIRO: Egyptian group EFG Hermes and Qatari Islamic investment bank QInvest are in talks about a possible merger of some operations to create an investment bank covering the Arab world, Africa, Turkey and south and southeast Asia.
The (...)
CAIRO/DUBAI: Egypt's bourse made its largest single-day loss in four months as fresh political tensions, gasoline shortages and a transport strike hurt investor sentiment, while most other Gulf indices rose thanks to upbeat global (...)
DUBAI/CAIRO: After a sharp setback last week, stock markets in the United Arab Emirates have resumed rising in high trading volumes, but some analysts say the rally remains fragile as much of it is speculative and depends on a benign global (...)
CAIRO/DUBAI: Egypt's Orascom Telecom (OT) soared on Sunday following an eight-week suspension, while Qatar's bourse slumped to a three-month low as investors disappointed with proposed dividends continued to sell while other Gulf markets were (...)
CAIRO/DUBAI: Egypt's stock market fell on Wednesday as worries over political uncertainty returned, while Gulf bourses ended mixed on support from gains in world equities.
Cairo's index fell 0.8 percent. Concerns about falling reserves and a (...)
DUBAI/CAIRO: Hopes are still alive for a year-end rally of Gulf stock markets, although it has been a disappointing year for most investors and low trading turnover shows many are still reluctant to put fresh money into shares.
In the past, (...)
CAIRO/DUBAI: Egypt's bourse fell for a seventh session on mounting political tension on Wednesday ahead of former President Hosni Mubarak's trial, and most Gulf markets fell amid global uncertainty.
In Egypt, the latest in a series of mass (...)
DUBAI/CAIRO: Gulf markets are feeling shockwaves from the intensifying debt crisis in euro zone and are likely to face selling pressure, although investors are being drawn to opportunities in smaller markets.
"We are in the middle of summer and (...)
DUBAI/CAIRO: Gulf fund managers, who had adopted defensive positions ahead of the Greek parliament's first austerity vote, expect sentiment to lift in its aftermath, propping up regional markets next week.
Greece's parliament approved the first of (...)
DUBAI/CAIRO: A construction boom in Saudi Arabia and hopes for an index upgrade in Qatar and the United Arab Emirates signal a positive week ahead for Gulf markets.
But Egypt, where corruption probes have rattled investors, appears set for a (...)
DUBAI/CAIRO: Trading in Gulf Arab markets appears immune at times from turmoil in the wider region, judging from new highs reached this week.
Upbeat first quarter earnings from companies in Saudi Arabia spurred gains, and the petrochemical sector (...)