Abu Dhabi stocks outperformed
Gulf markets on Sunday on expectations that banks and real
estate companies will benefit from new rules which would allow
foreigners to own land and property in investment areas on a
The Abu Dhab...
Saudi British Bank (SABB)
rose on Sunday after the lender said it agreed to sell
2 percent of HSBC Saudi Arabia, its investment bank, while Gulf
stocks were higher as companies begin to report first-quarter
Abu Dhabi's stock market rose sharply
on Thursday to reach its highest level in more than 13 years,
partly lifted by top lender First Abu Dhabi Bank which has
gained this week after regulatory approval to raise foreign
ownership limit of its...
Saudi Arabia, the world's largest oil exporter, has ambitious plans to tap into the potential of renewables to fill a shortfall in regional power demand. But opinions are divided on how realistic the Kingdom's strategy is, given its track record of...
Saudi Arabia's stock market rose on
Wednesday on the back of its banks as rising oil prices lifted
most major Gulf markets, while Egypt was partly dragged down by
its biggest lender Commercial International Bank
Brent oil hit a 2019 high abo...
Abu Dhabi's stock market rose to a near
five-year high on Monday, lifted by First Abu Dhabi Bank, while
petrochemical stocks led gains on Saudi Arabia's main index.
The Abu Dhabi index was up 0.9 percent after hitting
its highest since May...
Dubai's stock market slid on Thursday
as most of its financial shares dropped, snapping a 10-day
winning streak, while other major Gulf markets were little
The Dubai index fell 0.6 percent, led by a 1.7
percent fall in Emira...
Dubai's stock market rose for the tenth
straight session on Wednesday, lifted by its financial shares,
while Abu Dhabi was pulled lower by its top lender First Abu
The Dubai index gained 0.2 percent, hovering around
Dubai's stock market edged up on Tuesday
stretching its rally for the ninth consecutive session, aided by
its industrial and financial shares, while trading was mixed
across other major Gulf markets.
The Dubai index closed 0.2 percent...
Authored by Mike Whitney via The Unz Review,
Turkish troops and armored units are massed along Turkey's southern border awaiting orders to invade northern Syria. Turkish President Recep Tayyip Erdogan wants to clear a ten mile-deep swath of land ea...