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Gulf dividend payments may sag as cheap oil weighsCorporate dividends in Saudi Arabia and other Gulf countries may be starting to shrink as companies find it harder to raise funds, forcing them to cut payouts. For many years, high dividend yields have lured investors to Gulf bour More… |
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Dubai, Abu Dhabi bourses shelve merger planA planned merger of the Dubai Financial Market and the Abu Dhabi Securities Exchange (ADX) has been shelved for the foreseeable future as terms for the politically sensitive move could not be agreed, sources told Reuters on Thursday. More… |
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Eid holiday for UAE boursesUAE bourses will be closed for three days for the Eid Al Fitr holiday which marks the end of Ramadan, said the Emirates Securities and Commodities Authority. Dubai Financial Market and Abu Dhabi Exchange More… |
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Gulf bourses end lower on US downgradeBourses in the UAE, Qatar and Oman fell to multi-month lows, rattled by a US rating downgrade which sparked worries the global economy may retreat into recession. Dubai's benchmark closed at a 20-week low More… |
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UAE down after oil fall; Qatar stalls dropUAE markets ended lower, tracking drops on other Gulf bourses as oil price declines weighed, with Dubai's index slumping to a four-week low. Dubai's benchmark fell 1 percent to 1,592 points, its lowest finish since April 12 as all sectors More… |
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Unrest-led outflows from ME markets 'not material'Foreign investor outflows from Gulf markets during recent political unrest have been significantly lower than those seen during the financial crisis, the regional head of custody at HSBC said. Stock markets in the region have been pretty r More… |
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DFM net profit plunges 60pc to $21mDubai Financial Market (DFM) posted a net profit of Dh78.9 million ($21.48 million) for the year 2010, a fall of 60 per cent compared to Dh346.6 million in 2009. Total revenues reached Dh260.5 million at the end of 2010, compared to D More… |
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DealReporter launches new equity, debt platformDealReporter, a provider of market-moving information on a wide range of liquidity events, has launched its enhanced Middle East service. The expanded Middle East platform now provides in-depth coverage of a spectrum of actionable liquidit More… |
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Mena bourses lost $140 billion in unrestStock markets in Middle East and North Africa lost $140 billion in market capitalisation during the last five weeks as political unrest sweeping through the region left investors nervous, a report said. The market capitalisation of 16 Arab More… |
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Dubai shares surge to ease from 6-year lowDubai's index surged in early trade, easing from a six-year low to track Saudi Arabia's Saturday gains, while other regional benchmarks also advanced. Dubai's measure climbed 5.2 per cent to 1,423 points, trimming its year-to-d More… |
