Monday 2 February 2015
 
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Shares

Gold jumps to 4-month high on tumbling shares

Gold rose more than two per cent to a four-month high on Thursday as European shares and the dollar turned lower after a shock move by Switzerland to abandon its three-year cap on the franc sent Europe's shares and bond yields tumbling.

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Sliding oil weighs on emerging stocks, currencies

Falling oil prices and a stronger dollar racked up the pressure on emerging equities and currencies on Monday, with Russia once again suffering most of the pain. Emerging market shares fell 0.2 per cent after oil prices slid by mo

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Gold up on lower shares, poised for 3rd weekly decline

Gold rose as lower European shares boosted demand for assets perceived as safe, but the metal looked set to post its third straight weekly loss, weighed down by a strong dollar. Spot gold was up 0.3 per cent to $1,185.70 an ounce

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Etihad closes Alitalia SAI deal

UAE's Etihad Airways and Italian carrier Alitalia have completed all formalities related to the transfer of air transport operations from the old Alitalia Compagnia Aerea Italiana (CAI) to the new Alitalia Società Aerea Italiana (SAI)

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Saudi's MMG given go-ahead to sell suspended shares

The Saudi bourse has given permission to construction firm Mohammad Al-Mojil Group (MMG) to have its suspended shares traded over the counter, it said on Tuesday. Shares in the company have not traded since July 2012, when they we

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Saudi's MMG given go-ahead to sell suspended shares

The Saudi bourse has given permission to construction firm Mohammad Al-Mojil Group (MMG) to have its suspended shares traded over the counter, it said on Tuesday. Shares in the company have not traded since July 2012, when they we

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BHB-DFM sign accord for swift transfer of shares

Bahrain Bourse (BHB) has signed a memorandum of understanding (MoU) with Dubai Financial Market (DFM) to introduce an electronic system for swift transfer of shares. This represents a significant advance in the method of share tra

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TruckOman gives free shares to employees

Truck Oman, a leading oil and gas logistics firm in the sultanate primarily focusing in specialist logistics, has awarded its group employees free shares donated by its main shareholder Al Yousef Group in a first step towards transforming the co

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UAE central bank studying new rules for bank loans

The United Arab Emirates central bank is looking at proposals for new rules covering bank loans against shares, a senior official said on Tuesday. "The central bank board is studying new regulations for credit against shares,

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Qalaa to issue $560m shares by May for restructuring

Egypt's Qalaa Holding will issue shares worth four billion Egyptian pounds ($560 million) by May next year to advance a major restructuring of the loss-making investment fund, a company official said. Qalaa, one of Egypt's

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