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Oil tumbles for third week 'as fear selling spreads'Oil tumbled for a third straight week as crumbling equity markets across the globe stoked concern about a slowdown in energy demand growth. Friday’s 0.4 per cent gain New York-traded futures wasn&rs More… |
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Saudi Fransi plans three big IPOs as market boomsInvestment bank Saudi Fransi Capital has three big initial public offers of shares in the pipeline as the Saudi Arabian equity market booms and firms become keener to list, the company's chief executive said. The kingdom's More… |
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Abu Dhabi IPIC net profit up 6.7pc in H1Abu Dhabi's state-owned fund International Petroleum Investment Company ( IPIC) said its net profit surged 6.7 per cent to Dh3.2 billion ($871 million) for the first half from last year's Dh3 billion helped by the recovery of equity mark More… |
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Saudi equity markets set for growthThe equity markets in Saudi Arabia are poised for solid growth, thanks to the surging oil revenues and the Kingdom's strong fundamentals, according to a report. The Kingdom's robust economic outlook - 3.6 per cent growth in real G More… |
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Mena equity markets up 20pcThe equity markets in the Middle East and North Africa rose 3.2 per cent in August bringing their total gains to date in 2009 to 19.9 per cent, according a report by Rasmala, a leading regional investment bank headquartered in Dubai. Egypt More… |
