DUBAI: Egypt's stock market is likely to drift in coming days while investors await the outcome of protests planned for Friday against the disqualification of three leading candidates for the presidency.
If the protests turn violent that could (...)
DUBAI: Stock market trading in Saudi Arabia could slow in coming weeks because of the risk that authorities may crack down on rampant speculation, but the market's long-term uptrend is unlikely to be reversed, fund managers and analysts say.
King (...)
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 (...)
CAIRO/DUBAI: Political uncertainty is sapping demand for Egyptian equities and is likely to take the momentum out of any rebound in the coming week, analysts say.
Trading volumes have been weak since the Muslim Brotherhood announced at the (...)
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: As the first quarter of the year draws to a close, investors are looking ahead to the announcement of corporate earnings for the period. In the United Arab Emirates, they are seeking justification for the sharp rally in local stocks over (...)
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: Egyptian stocks rallied on Wednesday after their biggest losing streak in months created fresh buying opportunities, and most Gulf markets also rose, supported by an upbeat global backdrop.
Cairo's main index rose 0.8 percent, (...)
DUBAI: Aldar Properties led Abu Dhabi's bourse to a seven-month high on Sunday after Moody's raised its outlook on the developer to positive and Dubai's bourse extended its rally while other regional markets ended mixed.
Shares in Aldar surged (...)
DUBAI/CAIRO: Egypt's main index slipped 1 percent on Monday from the previous day's seven-month high as investors booked recent gains, while most regional markets fell in profit-taking.
Commercial International Bank fell 3.1 percent in heavy (...)
DUBAI: A sharp rise in trading turnover shows money is pouring back into Middle Eastern stock markets, after a year in which the global financial crisis and political turmoil in the Arab world kept most markets depressed.
Analysts believe the (...)
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 (...)
DUBAI/CAIRO: Gulf stock investors will focus on Saudi Arabia next week as its companies begin posting their 2011 earnings, with heavily weighted petrochemical firms likely to announce strong profit growth. But analysts say the profit figures may not (...)
CAIRO/DUBAI: Optimism for the year ahead lifted Egypt's stock market on Monday, while Gulf bourses were mixed in muted trade as many investors were still away on holidays.
Egypt's benchmark index rose 1.6 percent as some investors took new (...)
DUBAI: Saudi group Savola climbed to its highest level in nearly 8 months on Tuesday after saying it old a property firm for $168 million, while most Gulf markets declined.
Savola rose 2.9 percent to its highest close since May 9. It sold its (...)
DUBAI/CAIRO: Saudi Arabia's construction-related stocks jumped on Monday in the hope of higher government spending on housing in next year's state budget, lifting the bourse to a 21-week high, while other Gulf markets were mixed.
Saudi Steel (...)
DUBAI: Saudi Arabia's plans to open up its stock market will limit direct foreign ownership to investors with at least $5 billion under management and allow each to hold a maximum 5 percent of a stock's issued share capital, two industry sources (...)
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, (...)
DUBAI: Egypt's benchmark share index has been on a rollercoaster ride, plunging to a two-year low on Wednesday last week before rebounding 12 percent from that low as the initial days of voting in a six-week parliamentary election went smoothly, (...)
CAIRO/DUBAI: Political unrest is set to dominate Egypt's stock market over the coming week, adding to the risks posed by unstable global financial markets.
Egypt's benchmark index plunged to its lowest levels in 32 months this week after days of (...)
DUBAI: Budget carrier flydubai, which does not hedge its fuel costs, is being hit by persistently high oil prices which have left it more exposed to short-term volatility than rival carriers, its chief executive said.
High fuel prices have (...)
DUBAI: Qatar's stock market could break above its recent trading range as soon as next week if global markets, still vulnerable to the euro zone debt crisis, do not fall sharply, analysts say.
The Qatar market, reopening on Wednesday after long (...)
DUBAI/CAIRO: Hopes for an extended rebound of Gulf stock markets have faded once again because of global market turmoil triggered by Greece's shock decision to hold a referendum on its bailout package.
Early this week, shares in the Gulf appeared (...)