The Abu Dhabi market gauge ended up 0.31% to reach 2,623.02 points. Shares of the emirate's leading developers Aldar and Sorouh gained 1.45% and 2.24%, respectively. Both firms, which started merger talks on Sunday, advanced in lockstep he last on Monday and on Sunday. The lockstep rise triggered an investigation by the ADX market supervision department. The UAE's first telecom provider Etisalat ended even at Dh9.30. Earlier in the day, Etisalat said it started legal procedures for winding up its Indian subsidiary Etisalat DB Telecom (formerly Swan Telecom). Etisalat, which was confronted with a legal row with the India's telecom regulator and eventually the supreme court on licences, blamed in its statement to the ADX its jointventure partners in India of 'unwillingness and lack of cooperation' to meet funding requirements in the licence issue. As a consequence, Etisalat to shut down operations in India.
KFH launches a campaign with 4 privileges
Kuwait finance House (KFH) has launched a new promotion campaign to highlight its services in financing materials , construction work, and all requirements of contracting and decoration. These financ
Saudi stocks rebound as selling eases
Saudi Arabia’s benchmark index recovered most of its early-week losses yesterday as investor concerns of a political conflict in Syria spreading wider to the region eased, while all other Arab market