Dubai's Drake & Scull Plans Sale of Assets After Posting Loss
Drake & Scull International PJSC, a Dubai-based engineering and construction company, reported its first quarterly loss and said it’s planning to sell non-core assets and cut cost to generate cash....
View ArticleDubai Stocks Decline in First Trading Since Paris Attacks
Dubai stocks fell in the first trading following a series of terrorist attacks in Paris that killed at least 129 people. Abu Dhabi shares retreated. Property-related equities led the drop after Drake...
View ArticleDubai Stocks Sink Most in World as Oil Slides to Four-Year Low
Dubai’s stocks fell the most among global markets as Brent extended losses and Saudi shares slid following the death of two security personnel who were killed in nationwide arrest raids after an attack...
View ArticleDubai Shares Rise After Global Stocks Rally; Saudi Arabia Climbs
Dubai shares advanced to the highest in almost two weeks after better-than-expected government data in the U.S. and the euro area spurred a global equity rally. Saudi Arabia’s main measure increased....
View ArticleDubai Shares Lead Arab Gulf Markets Lower Amid Mideast Conflict
Dubai shares dropped a third day, leading most regional indexes lower, as some Arab nations reiterated their commitment to a conflict in Iraq and Syria that shows no sign of letting up. The Dubai...
View ArticleDubai Shares Head for Lowest Since January as OPEC Cuts Forecast
Dubai stocks retreated, poised for the lowest close since January, following global equities lower after OPEC reduced its estimate for 2015 oil demand and crude prices extended a slump. The DFM General...
View ArticleDubai Stocks Lead Mideast Declines as Oil Slump Clouds Outlook
Share on FacebookShare on Twitter Share on LinkedInShare on RedditShare on Google+E-mail Dubai stocks retreated, leading equity markets lower across the Gulf, after oil dropped to the lowest in...
View ArticleMideast Stocks Extend Drop as Dubai Index Heads for Bear Market
Dubai stocks headed for a bear market as Middle East markets extended declines amid a global equity rout and as Brent crude fell below $45 per barrel for the first time since 2009. The DFM General...
View ArticleMarka Jumps on Trading Debut in DFM’s First IPO Since 2009
Marka PJSC (MARKA), a Dubai-based retail operator, rose 80 percent on its first day of trading in Dubai. Marka shares jumped to 1.8 dirhams at 10:01 a.m. local time, as 11.7 million shares were traded....
View ArticleDubai Shares Rise After Global Stocks Rally; Abu Dhabi Advances
Dubai shares climbed to the highest in almost two weeks after better-than-expected government data in the U.S. and the euro area spurred a global equity rally. Abu Dhabi’s index increased. The Dubai...
View ArticleSaudi Stocks Head Into Bear Market on OPEC Output; Dubai Slumps
Saudi Arabian stocks headed for a bear market after OPEC took no action to stem a slump in oil, triggering a rout in Middle Eastern equity markets. The Tadawul All Share Index (SASEIDX) retreated 4.6...
View ArticleArabtec Drops After Ex-CEO Rejects Aabar’s Offer: Dubai Mover
Arabtec Holding Co. (ARTC) declined for the first time in nine days after former chief executive officer Hasan Ismaik turned down an offer from Aabar Investments PJSC to buy part of his stake in the...
View ArticleDubai Shares Extend Decline Below 4,000 to Lowest in Five Months
Dubai’s benchmark stock index retreated below 4,000 for the first time since July a week after the gauge’s biggest member traded without the right to its dividend and triggered a wider selloff. The DFM...
View ArticleDubai Shares Climb to Three-Month High on Emaar; Qatar Advances
Dubai stocks rallied to the strongest level since June on Emaar Properties PJSC (EMAAR)’s plan to sell at least 15 percent of its malls unit in a public offering next month. Shares in Qatar also...
View ArticleDubai Stocks Lead GCC Declines as Global Markets, Oil Retreat
Dubai’s shares led the rout in stocks across the Gulf after oil prices and global equities extended their slump. The DFM General Index (DFMGI) plunged 7.7 percent at 11:15 a.m. local time to 3,068.93,...
View ArticleDubai Stocks Near Bear After Steepest Retreat in Two Months
Dubai stocks declined the most since August led by real estate companies and banks, putting the benchmark index about 1 percent off a bear market. The DFM General Index dropped 2.7 percent to close at...
View ArticleDubai Stocks Decline to August-Low Led by DIB; Abu Dhabi Drops
Dubai’s stocks retreated to the lowest in more than two months led by Dubai Islamic Bank PJSC and real estate companies. Shares in Abu Dhabi fell. The DFM General Index...
View ArticleDubai Stock Plunge Leads Middle East Rout After Global Selloff
Dubai shares dropped the most in almost four months, leading Middle East equity declines, after investor concern global growth will slow sparked a selloff worldwide. Saudi Arabia’s stocks fell the most...
View ArticleDubai Stocks Head for Second Bear Market Since May on Emaar, Oil
Dubai shares headed for a bear market for the second time this year, as the emirate’s largest stock traded ex-dividend and Gulf markets retreated amid plunging oil prices. The DFM General Index (DFMGI)...
View ArticleDubai Stocks Rise as Emaar Unit IPO Starts; Saudi Arabia Climbs
Dubai’s benchmark index advanced a second day led by Emaar Properties PJSC (EMAAR) as the developer started selling shares in its malls unit. Saudi Arabia’s shares also rose. The Dubai Financial Market...
View ArticleDubai Jumps Most in Week as Global Stocks Rally; Abu Dhabi Rises
Dubai’s benchmark stock index advanced the most in a week after global equities rallied amid optimism the Bank of Japan’s stimulus will fill some of the gap left by the end of Federal Reserve bond...
View ArticleDubai Stocks Tumble to Two Month Low on Global Rout; Qatar Drops
Dubai shares retreated to the lowest level in two months after investor concern that global growth will slow sparked a selloff worldwide. Stocks in Qatar also declined. The Dubai Financial Market...
View ArticleDubai Shares Head for Second Bear Market This Year on Oil, Emaar
Dubai shares retreated, with the benchmark index heading for its second bear market since May, after oil slumped and Emaar Properties PJSC (EMAAR) traded without the right to its dividend. The DFM...
View ArticleDubai Stocks Fluctuate as Emaar Unit IPO Starts; Abu Dhabi Drops
Dubai’s benchmark index seesawed between gains and losses as investors raised cash to participate in a public offering of Emaar Properties PJSC (EMAAR)’s malls unit. Abu Dhabi stocks fell. The Dubai...
View ArticleForeign Investors Sell Dubai Stocks as Oil Drop Raises Risk
Foreign investors already spooked by geopolitical risks in the Middle East are selling Dubai stocks after OPEC failed to set a cap on oil production, which would have helped raise prices and boost...
View ArticleFire at Dubai hotel weighs on Emaar Properties
DUBAI — Emaar Properties led the fall in Dubai stocks three days after a fire ripped through one of its hotels on New Year’s Eve. Abu Dhabi shares also declined. Emaar, which is about 30% owned by the...
View ArticleLuxury Hotel Blaze Weighs on Emaar as Dubai Stocks Retreat
Emaar Properties PJSC led the decline in Dubai stocks three days after a fire ripped through one of its hotels on New Year’s Eve. Abu Dhabi shares also fell. Emaar, which is about 30 percent owned by...
View ArticleDubai Stocks Lead Gulf Rally After Saudi-Venezuela Oil Talks
Dubai stocks led gains across most Gulf Arab equities, spurred by an initial increase in Brent crude after oil ministers from two of the world’s biggest producers met to discuss stabilizing the market....
View ArticleAbu Dhabi Stocks Lead Gulf Market Drop After Best Week Since '14
Abu Dhabi stocks led a retreat across most Gulf Arab markets as traders cashed in on gains following the strongest weekly rally in almost two years. The ADX General Index dropped 0.8 percent at 12:26...
View ArticleDubai Stocks Erase Declines as Arabtec Rallies; Abu Dhabi Falls
Dubai stocks reversed declines, with Arabtec Holding Co. heading for the biggest advance in four weeks as some investors bet the worst may be over for the construction company after it posted its...
View ArticleDubai Stocks Fall Led by Emaar Properties; Abu Dhabi Drops
Dubai stocks declined after the price of oil capped its biggest weekly loss in more than two months. Shares in Abu Dhabi and Kuwait also fell. The DFM General Index decreased...
View ArticleSaudi Stocks Defy Moody’s Cut as Maaden Leads Gulf Shares Higher
Saudi Arabian stocks advanced for a third day, led by the country’s biggest mining company, after a cut to the kingdom’s sovereign credit-rating failed to damp demand for the nation’s assets. Gulf...
View Articlehe region's main source of income, rebounded to the highest level this year.
Gulf Arab stocks climbed after oil, the region's main source of income, rebounded to the highest level this year. Dubai's DFM General Index led the advance, rising 1.5 percent as of 12:41 p.m. local...
View ArticleGulf Arab stocks climb
ulf Arab stocks climbed after oil, the region's main source of income, rebounded to the highest level this year. Dubai's DFM General Index led the advance, rising 1.5 percent as of 12:41 p.m. local...
View ArticleMIDEAST STOCKS-Gulf markets mixed after Brent oil drops from 2015 high
* Most Gulf markets move little against mixed background * Saudi index slips because of weaker oil * UAE's Arabtec, Air Arabia, Aldar rise ahead of Q1 results * But Air Arabia misses analysts'...
View ArticleAnnual Report and Accounts 2015 (ISE - The Irish Stock Exchange plc)
(Source: ISE - The Irish Stock Exchange plc) Notes on the Financial Statements 1 Basis of preparation and significant accounting policies (a) Compliance with International Financial Reporting Standards...
View ArticleDubai stocks stage dramatic rebound
DFM’s 13% rally is its biggest one-day gain ever Dubai: In a spectacular comeback, the Dubai stock market rallied 13 per cent on Thursday to record its biggest one-day gain ever, triggering a rebound...
View ArticleMIDEAST STOCKS-Gulf markets tumble again as oil hits fresh low
* Brent crude falls below $57 per barrel * Broad sell-off engulfs bourses once more * Retail investors drag Dubai down 5.4 percent * Kuwait's CBK cuts Boubyan Bank stake by selling on open market *...
View ArticleUAE stockbrokers backed over the right to liquidate accounts
The UAE federal market regulator said stockbrokers had the right to liquidate client portfolios if the customer could not cover the account. The statement from the Securities and Commodities Authority...
View ArticleMIDEAST STOCKS-Gulf mixed; Emaar, FGB weigh on UAE markets
* Petrochemicals support Saudi as oil rises above $63 * Ex-dividend Emaar drags down Dubai * Abu Dhabi's FGB drops after Q1 earnings miss forecast * Qatar broadly positive, leads Gulf project awards *...
View ArticleDubai Stocks Surge Most Since 2014 After Oil Rebounds
Dubai stocks jumped the most in more than a year after oil prices rebounded and global equities rallied. Abu Dhabi’s shares jumped. The DFM General Index climbed 6.6 percent at 10:04 a.m. local time,...
View ArticleMIDEAST STOCKS-Gulf mixed, Egypt falls further on MSCI index fears
* Saudi Arabia extends bounce from technical support * Al Rajhi hits 6-month high after new CEO appointed * Dubai insurer Salama surges on swing to Q1 profit * Qatar's Ezdan climbs further ahead of EM...
View ArticleRegional sell-off as lifting of Iran sanctions adds to oil and China fears
A sell-off across the region wiped billions from stock exchanges yesterday as investors reacted to weakening oil prices, the lifting of sanctions in Iran and market turmoil in China. Shares in Doha led...
View ArticleBiggest Stock Swings Slow IPOs as Emaar Targets Second Half
The biggest stock-market swings in the United Arab Emirates since 2008 may be poised to delay initial public offerings from the Arab world’s second-largest economy. Emaar Properties PJSC (EMAAR),...
View ArticleMIDEAST STOCKS-Strong oil, Q4 earnings boost Gulf markets
* Oil rallies for a third session in a row * Saudi petrochemicals extend gains * But retailers pull back after rally fuelled by bonus payouts * Positive company news lifts Dubai, Qatar * Egypt hits new...
View ArticleUAE desert booms again, but builders face cash crunch
* Construction work balloons as UAE economy recovers * But financing the work is challenge for some contractors * Some developers delay payments out of post-crash caution * Banks lending more but still...
View ArticleMIDEAST STOCKS-Qatar, UAE rise, Egypt falls on MSCI index review
* Stronger oil supports Saudi Arabian stocks * Mobily drops after saying tower sale not agreed yet * Dubai's Arabtec sinks on surprise Q1 loss * MSCI inclusions in Qatar surprise analysts * Egypt falls...
View ArticleFinal Results (Al Noor Hospitals Group plc)
(Source: Al Noor Hospitals Group plc) RNS Number : 7814I Al Noor Hospitals Group PLC 30 March 2015 Monday 30thMarch 2015 Al Noor Hospitals Group Plc Results for the Year Ended 31 December 2014 Strong...
View ArticleBloomberg - Dubai Stocks Enter Bear Market as Mideast Equities Slump on Oil...
(Source: Rasmala plc) Muhammad Shabbir has been quoted in a market report published by by Bloomberg. Dubai stocks dropped into a bear market, leading declines across most Middle Eastern equity markets,...
View ArticleMIDEAST STOCKS-Most Gulf markets narrowly mixed but Dubai rises
* Saudi's SABIC jumps ahead of dividend registration deadline * Cement stocks rise on sales report * But Saudi Investment Bank's Q1 figures disappoint investors * Healthcare names gain after minister's...
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