Gulf stock markets experienced a notable rebound on Thursday after recent losses, Reuters reported. Investors breathed a sigh of relief as key indices surged, signaling a potential recovery from the downturn.
Saudi Arabia's main index, the TASI, (...)
Stock markets across the Gulf opened cautiously on Tuesday, mirroring a broader Asian sell-off, according to Reuters. The primary driver of the subdued sentiment was stronger-than-expected US retail sales data for March.
Saudi Arabia's benchmark (...)
Gulf markets were mixed on Monday following Iran's attack on Israel, raising concerns about a broader regional conflict, as reported by Reuters.
Saudi Arabia's benchmark index edged up by 0.2 per cent, with gains in ACWA Power and Saudi Basic (...)
Iran warned that it would escalate its military response if Israel or the US retaliated for the recent Iranian strike on Israel. The strike, conducted on Saturday night, utilised over 300 drones and missiles, marking Iran's first direct attack on (...)
In a significant meeting on Sunday, Egypt's President Abdel Fattah Al-Sisi convened with William Burns, the Director of the U.S. Central Intelligence Agency (CIA), and Abbas Kamel, the Director of the Egyptian General Intelligence Service (GIS).
The (...)
Gulf stock markets rose at early trade of Thursday on optimism about potential US interest rate cuts, despite uncertainty about the timing, Reuters reported.
Lower growth in the US services industry and Federal Reserve Chair Jerome Powell's comments (...)
The Hebrew newspaper Haaretz reported on Wednesday estimates from sources familiar with the details of the indirect negotiations between Hamas and Israel, that Hamas will respond to the updated proposal for the deal within two days.
According to the (...)
Gulf stock markets went mostly down in early trade on Wednesday, as investors assessed the possibility of the US Federal Reserve delaying interest rate cuts, while the Saudi index saw an increase, Reuters reported.
Recent strong US economic data has (...)
Gulf stock markets rose in early trading on Tuesday, driven by expectations of increased oil demand in China and the US amid rising tensions in the Middle East, as reported by Reuters on Tuesday.
Saudi Arabia's benchmark index advanced 0.2 per cent, (...)
UAE's Upper Zakum crude exports dropped significantly as Abu Dhabi National Oil Company (ADNOC) prioritised supplying its refinery with Murban oil in March, shifting the market dynamics, as per a Reuters report citing industry sources and (...)
Gulf stock markets had a mixed performance in early trade on Monday as oil prices rose and investors awaited US economic data for clues on potential interest rate cuts by the Federal Reserve, Reuters reported.
Oil prices increased due to (...)
In the realm of Arab financial markets, the year 2023 witnessed remarkable developments. The annual report issued by the Union of Arab Securities Authorities highlighted several key points:
Stock Price Improvements
Traded stock prices in regional (...)
Egypt's stock exchange (EGX) closed all red on Thursday, with the main index, EGX30 sliding by 2.36 per cent to 27,559.35 points.
The small to mid-size enterprises' index, EGX70 dove by 1.80 per cent, to 6,399.02 points.
The index, EGX100 index sank (...)
Gulf stock markets rose on Thursday as oil prices increased after two days of decline, Reuters reported. Traders are analysing the latest data on US crude oil and gasoline inventories. Brent crude was up 0.3 per cent at $86.38 a barrel.
In Saudi (...)
Gulf stock markets fell on Wednesday due to declining oil prices, influenced by a rise in US crude stockpiles and expectations of unchanged output policies by major producers, according to Reuters. Brent crude dropped to $85.46 a barrel.
In Dubai, (...)
The Middle East's dealmaking landscape is set for a surge in 2024, fuelled by heightened investor interest and a focus on economic diversification and decarbonisation, according to PwC's latest TransAct report titled "Strategic growth beyond oil: (...)
Gulf stock markets had a mixed start on Tuesday as investors awaited US Federal Reserve interest rate decisions and upcoming inflation data, as reported by Reuters.
In Saudi Arabia, the benchmark index rose 0.2 per cent, led by gains in various (...)
Most Gulf stock markets were down in early trade on Monday, following Asian markets drop ahead of US inflation data later this week, as reported by Reuters.
Saudi Arabia's benchmark index fell 0.4 per cent, with Jabal Omar Development dropping 5.3 (...)
إليكم تردد قناة قطر التعليمية 1 الجديد على عرب سات، حيث تعتبر قطر التعليمية قناة متخصصة في تقديم محتوى تعليمي وشرح المناهج الدراسية للمراحل التعليمية المختلفة في دولة قطر، تم إطلاقها بمبادرة من وزارة التربية والتعليم القطرية لتوفير المساعدة للطلاب (...)
Most Gulf stock markets were up in early trade on Wednesday as investors awaited the Federal Reserve's policy meeting for clues on interest rates for the year, according to Reuters on Wednesday.
Dubai's benchmark index increased 0.3 per cent, (...)
Israeli forces have continued their assault on Gaza for the 165th day, maintaining the siege of the Al-Shifa Medical Complex. They stormed the complex early Monday, detaining over 200 individuals within and nearby.
On Tuesday, Gaza's government (...)
The market capitalisation of Arab stock exchanges witnessed an increase to approximately $4.54trn in February, up from around $4.4trn in January, as reported by the Arab Monetary Fund (AMF).
The AMF's February data, published on Thursday, indicated (...)
Trevolution Group, a global leader in travel with brands like Asap Tickets, Skylux Travel, Dreamport, and Oojo, has reported a record-breaking year. In 2023, the group's total gross bookings surpassed $1.174bn, marking Egypt as a burgeoning hub for (...)
Gulf stock markets showed mixed performance in early trading on Monday as traders anticipated US inflation data that could influence global rate cuts, according to Reuters.
The US Federal Reserve is expected to cut rates in June, with current (...)
Gulf's stock markets reacted mixed to US Federal Reserve Chair Jerome Powell's remarks on monetary policy, Reuters reported on Thursday.
Egypt's stock market soared to a record high following the IMF deal.
Powell expressed uncertainty about (...)