All
 

 

Just in:  

You are here: Home»Markets»Energy»Middle East & Africa

Middle East & Africa

Archive

Gulf markets fall after oil plunge; Dubai tumbles DUBAI: Gulf stock markets fell in early trade on Tuesday after Brent crude plunged 5 percent a day earlier and the threat of a fresh euro zone crisis in Greece also prompted investors to sell risk assets globally. Dubai's index tumbled 5.3 percent in a broad sell-off. Emaar Properties, Dubai's largest listed developer, topped trading volume as it lost 8.1 percent. However, shares in low-cost carrier Air Arabia bucked the trend and jumped 2.0 percent after the firm said on Monday it had bought a 49 percent stake in Jordan's Petra Airlines and would establish a hub in the country.The carrier may also benefit from the sustained drop in oil prices.Elsewhere in the Gulf, Abu Dhabi's index fell 2.8 percent, Kuwait lost 1.4 percent and Oman's bourse slipped 0.6 percent. Brent futures hit a fresh 5-1/2-year low of $52.66 a barrel on Monday as markets remained oversupplied. They edged up ...

West Africa Crude-Nigerian steady near multi-year low LONDON: Nigerian crude differentials were steady on Friday close to multi-year lows, pressured by a large quantity of unsold cargoes for loading in early 2015 and ample global supply. The premium for Qua Iboe, Nigeria's biggest crude stream, was assessed at dated Brent plus 35 cents on Dec. 30, the lowest since 2005 according to Reuters data, and at dated plus 40 cents on Friday. Trade was thin as many market participants are not returning ...
Oil, global markets may weigh on Gulf DUBAI: Selling pressure may persist in Gulf stock markets on Tuesday after oil prices dropped back to five-year lows and political uncertainty in Greece weakened global equities. Brent oil has extended its losses into a fourth session on Tuesday, with prices hovering around $57.50 per barrel, as persistent worries about a global supply glut offset concerns about output disruptions in Libya. Although oil's fresh weakness is unlikely to trigger another panic sell-off of stocks in ...
Gulf markets mixed as oil stays below $60 DUBAI: Gulf stock markets were mixed in early trade on Monday after gaining strongly in the two previous sessions on the back of Saudi Arabia's 2015 budget, which maintained government spending at a high level. Brent crude edged up early on Monday due to supply disruptions in Libya, but still traded just below $60 per barrel. Dubai's index fell 0.8 percent after jumping 2.6 percent on Sunday.Developer Emaar Properties pulled back 1.0 percent and builder ...
Oil pull-back may end Gulf's rebound for now DUBAI: A renewed pull-back in oil prices may encourage profit-taking in Gulf stock markets on Tuesday and end their recent rebound, temporarily at least.After jumping to almost $63 a barrel on Monday, Brent crude slid back to not much over $60 after Saudi Arabia's oil minister said OPEC would not cut production at any price.The stabilisation of oil prices was a major factor behind Gulf bourses' recovery since late last week, so the possibility of ...
Oil markets face uncertain future as OPEC targets competitors ABU DHABI: The determination of powerful Gulf OPEC members to stifle competition from new oil producers has left the global energy market reeling and sparked unprecedented uncertainty, officials and experts say.Gathered in Abu Dhabi for a key conference, senior energy officials from Arab Gulf nations insisted they will not cut production despite the freefall in oil prices.A supply glut, lower demand and the stronger US dollar have all contributed to pushing down oil prices, which ...
Qatar oil minister says market experiencing ‘temporary correction’ ABU DHABI: The oil market is experiencing a "temporary correction" and fundamentals should dictate a fair price for oil, Qatar's oil minister Mohammed al-Sada said in a speech on Sunday."We believe in the role of market fundamentals in dictating prices," he told a meeting of ministers of the Organisation of Arab Petroleum Exporting Countries (OAPEC) in Abu Dhabi.Sada also said the main reason for oil's plunge in recent months was slow growth of the global ...

 



 
Index Closing Chg%
Arrow DJIA 18,037.97 0.23
Arrow Nasdaq 5,060.25 0.63
Arrow S&P 2,108.92 0.41
Arrow FTSE 7,103.98 0.47
Arrow DAX 12,039.16 1.93
Arrow CAC-40 5,268.91 1.30
Arrow Nikkei 19,983.32 0.18
Arrow H.Seng 28,433.59 1.33
Arrow Sensex 27,176.99 0.95





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln