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Weak oil, global equities hit Gulf stocksWeak oil prices and global equity prices hit Gulf stock markets on Tuesday, with Saudi Arabia and Qatar dropping the most as they reopened after a long Eid Al-Adha break. The Saudi stock index closed 1.4 per cent lower. Brent crud More… |
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Gulf pulls back but stronger oil boosts Saudi petchemsMost Gulf stock markets pulled back on Monday after gaining strongly in the two previous sessions, but Saudi Arabia's petrochemicals sector rose after Brent crude oil climbed back above $60 per barrel. Oil rebounded in thin ho More… |
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Gulf may stay firm on hopes for oil, Saudi budgetGulf stock markets may stay firm on Monday after two days of strong gains, buoyed by hopes that oil prices have found at least a short-term floor and that Saudi Arabia will announce a 2015 budget that includes heavy government spending. More… |
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Arabtec plunges again, drags Dubai down furtherDubai's bourse dropped sharply minutes after opening on Monday as shares in builder Arabtec plunged for a second day in a row. Arabtec tumbled its 10 percent daily limit while the Dubai index dropped 3.9 percent. Developer Uni More… |
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UAE markets recover; earnings, dividends lift SaudiBlue-chip banks and property-related stocks, led by Dubai construction firm Arabtec, lifted markets in the UAE on Sunday while earnings reports supported Saudi Arabia's bourse. Dubai's main index jumped 4.4 per cent as sha More… |
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Dubai plunges as Gulf markets end worst quarter in yearsGulf stock markets ended their worst quarter in years on Monday as speculative bubbles continued to deflate in some stocks while the security crisis in Iraq and a lull in activity during the holy month of Ramadan dampened fresh buying. More… |
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Arabtec plunge teaches hard lessons on Gulf stocksThe spectacular rise and fall of Arabtec, Dubai's most heavily traded stock, teaches hard lessons about how risky the region remains for investors even as its rapid economic growth lures billions of dollars in fresh funds from abroad. More… |
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Gulf stocks bullish in 2014, but rises likely to slowGulf stock markets will stay bullish in 2014 but rises are likely to slow because valuations have become more expensive and there are threats to the strong economic outlook, fund managers say. US and European markets have regained More… |
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Gulf stocks surge as Fed tapering adds fuel to fireGulf shares rose on Thursday after a modest stimulus trimming by the US Federal Reserve and gains on global markets added fuel to bullish local sentiment and Egypt's bourse also climbed. The region was never very vulnerable to More… |
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Gulf stocks surge as Fed tapering adds fuel to fireGulf shares rose on Thursday after a modest stimulus trimming by the US Federal Reserve and gains on global markets added fuel to bullish local sentiment and Egypt's bourse also climbed. The region was never very vulnerable to More… |
