Wednesday 16 April 2014
 
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Saudi market recovers, hits five-year high

Saudi Arabia's bourse led the region on Sunday, recovering from last week's weakness to hit a five-year high with gains in most sectors as global oil prices stabilised. The index rose 1.3 percent to 9,425 points, its highe

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Seeking cheap stocks, chaos no problem? Try Libya

Investing in Libyan stocks may sound like an absurd idea at a time when the North African country is descending into chaos and armed militias seize oil ports or ministries at will. Ever since the ouster of Muammar Gaddafi in 2011,

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UAE bourse changes margin lending rules, penalties

The UAE stock market regulator has introduced new margin lending rules and vowed to crack down on unlicensed lending, it said in a statement on its website. Margin lending - borrowing with cash or share holdings as security, has b

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Libya launches financial regulator

Libya has launched a financial regulator, state media said on Monday, to try to improve transparency and attract more foreign investment to its small stock market. The new body will supervise the country's non-banking financia

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Saudi, Qatar in spotlight with UAE markets closed

The stock markets in Saudi Arabia and Qatar, which continue to be favoured by fund managers, could see further gains on Sunday while the UAE bourses are closed for a national holiday and investor sentiment on Egypt is mixed. Saudi

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Dubai stocks hit 5-year high after expo win

Dubai’s stock market index climbed1.6 per cent today (November 28) to finish at 2,946 points, its highest close since October 2008, after the emirate was chosen to host World Expo 2020. It hit an intraday high of 3,020 point

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97pc believe Dubai will win Expo 2020 bid

While 95 per cent of UAE residents support Dubai’s bid for Expo 2020, 97 per cent believe the Emirate is likely or very likely to win the Expo 2020 bid, a report said. A successful bid by Dubai for Expo 2020 will have a posi

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UAE bourses to close from Wednesday for Eid

Securities exchanges in the UAE will close from Wednesday, August 7 for Eid Al Fitr holidays, a statement by the Securities and Commodities Authority said.   The exchanges will reopen on the fourth day of the nex

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UAE, Qatar markets down; trading muted

The UAE and Qatar markets on Sunday extended declines after a late-week sell-off as summer and lack of positive catalysts spurred investors to cash in early-year gains, but trading volumes were thin. Dubai's index dropped 1.2

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Dubai bourse sees biggest drop in 15 months

Dubai's bourse made its largest one-day drop in 15 months and Abu Dhabi's measure also fell as investors cut their market exposure ahead of a decision by index compiler MSCI on whether to upgrade the UAE to emerging market status.

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