Abu Dhabi equities led gains across the Arabian Gulf on Thursday as shares in FGB and NBAD surged. Share prices soared at the two banks, which last month announced they were in merger talks, following the announcement on Wednesday of a merger between
Kuwait stocks declined on Thursday to wind down the week on a weak note as investors booked profits ahead of Eid holidays. The price index sank 10.21 points in slightly volatile trading to close at 5,364.57 points led by banks and real estate. The
Gulf stock markets moved generally little on Thursday with the approach of Eid Al-Fitr holidays next week limiting activity, but UAE bourses outperformed on the back of bank shares. Saudi Arabia’s Tadawul All-Share Index gave up modest early gains to
A top United Arab Emirates official ordered the merger of two prominent government wealth funds on Wednesday, streamlining the country’s investment strategy as it weathers a slump in oil prices. The decision by Abu Dhabi’s crown prince, Sheikh Mo
UAE’s leading financial institution, Mashreq is in partnership with Arady Properties, an experienced Real Estate company set to launch the UAE’s first Qualified Investor Real Estate Fund which will be registered on the DIFC. The Sharia’h Compliant
Over the past weeks, as Brexit has loomed, UAE financial authorities have repeatedly reassured investors that Brexit would have little negative impact on their banks or economy, and now signs are emerging that appear to concur with this assessment.
The MSM30 Index closed on a stable note at 5,761.32 points. The MSM Sharia Index ended at 880.95 points, up 0.20 per cent. Bank Muscat was the most active in terms of volume and turnover. The top gainer was Oman Education & Training, up 9.55 per cent
The GCC’s equity markets moved less than one per cent on Tuesday, in much contrast with European markets that surged after stocks were hammered for two sessions following the UK’s vote to leave the European Union. Saudi Arabia’s Tadawul index rose 0.
The KSX-15 index soared 11.75 pts to 817.78 pts. The weighted index rose 3.37 pts to 354.56 pts. The volume turnover meanwhile continued to rise in the last two sessions as 123.9 million shares changed hands, a 12.30 pct surge from Monday. The sec
Gulf stocks were mixed in quiet trade on Tuesday as global markets regained some strength after the shock of the British vote to leave the European Union. Signs of progress toward an International Monetary Fund loan failed to lift Egypt much. With oil