The markets opened on a flat note tracking mixed cues from the global markets. The Sensex, however, has recovered marginally and is now trading up 88 points at 17,361. Nifty is up 28 points at 5,285.
Apple lifted US stocks on Monday after it announced regular dividends and a share buy-back plan. The Dow Jones industrial average moved up 0.05 per cent to end at 13,239, while the Standard & Poor's 500 Index gained 0.4 per cent to 1,410. The major European markets all moved lower on Monday. While the French CAC 40 Index slid by 0.5 per cent, the German DAX Index and the FTSE 100 Index both edged down by 0.1 per cent.
In Asian, MSCI's broadest index of Asia Pacific shares outside Japan inched 0.1 per cent higher on Tuesday. The Japanese markets, however, are closed today.
GCC banking remains resilient
The majority of banks in the GCC region are domestically-owned, and consequently, there are high barriers to entry and restrictions on foreign banks. These barriers also limit the ability for cross-b
Al Batinah Hotels-AGM Decision
The AGM of Al Batnah Hotels SAOG held o 9th March 2014 at 4:00 pm at Sohar Beach Hotel, Sohar.The shareholders had approved the following decisions:
1- the Board of Directors Report for the
Gulf Finance House to start $3bn Tunisia project
Bahrain's Gulf Finance House (GFH) will start building a $3 billion financial park and real estate development north of Tunisia's capital, a project that had been suspended for five years, the Islami