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Mideast markets slip as profit-taking continues DUBAI: Stock markets in the United Arab Emirates and Qatar edged down in early trade on Thursday as investors continued to book profits and global markets fell following the shutdown of the U.S. Federal Reserve's bond buying programme.Dubai's index fell 0.9 percent with most shares in the red and Abu Dhabi edged down 0.7 percent."We are still in a profit-taking mood," said Sebastien Henin, head of asset management at The National Investor in Abu Dhabi. "Markets had been strong in the past 10 sessions."Major lenders First Gulf Bank and National Bank of Abu Dhabi fell 1.9 and 0.7 percent respectively after rising earlier this week on strong third-quarter results.Shares in telecommunications firm Etisalat were up 0.4 percent. Its Saudi Arabian affiliate Etihad Etisalat (Mobily) on Thursday requested that its shares be temporarily suspended pending an audit committee meeting to consider "significant matters relating to its financial statements"."So far we are ...

Emaar, CBQ may support markets but global backdrop weak DUBAI: Solid earnings posted by Dubai's Emaar Properties and Commercial Bank of Qatar may support their respective stock markets on Thursday, but the end of the U.S. Federal Reserve's stimulus program has weakened the global backdrop.Emaar Properties, Dubai's largest listed developer, reported a 21 percent rise in third-quarter net profit on Wednesday. At 701 million dirhams ($191 million), its earnings missed an estimate by brokerage SICO Bahrain, which had forecast Emaar's quarterly profit would be ...
Mideast markets diverge on mixed results; Qatar, Egypt outperform DUBAI: Strong performances by property developers lifted Qatar's bourse on Tuesday, while Egypt rebounded after a pull-back prompted by violence in Sinai. Other markets in the region consolidated after mixed third-quarter earnings.Dubai's index was nearly flat. Shares in logistics firm Aramex rose 0.3 percent after it reported a 16 percent rise in third-quarter net profit to 69.5 million dirhams ($18.95 million) on Monday.Although the figure was lower than the average estimate of analysts polled by ...
Markets remain vulnerable after mixed earnings DUBAI: Stock markets in the Middle East look likely to remain vulnerable to further selling pressure on Tuesday after mixed corporate results and lacklustre performance by global equities. European stocks fell on Monday, hit by weak German business sentiment and another decline in oil prices, while US benchmarks were mixed overnight.Europe's weakness had already weighed on investor sentiment in the region on Monday and most Middle Eastern markets closed in the red, with Dubai and ...
Mideast markets pull back as global equities dip, some earnings disappoint DUBAI: Most stock markets in the Middle East fell on Monday after several companies reported poor third-quarter earnings and European equities edged down along with oil prices.The index of top European shares dipped as the Ifo business climate index slipped to its lowest level in nearly two years, while Brent crude dropped towards $85 per barrel after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand.Dubai's bourse, which rose as much as ...
Markets hesitant, wait for European cue DUBAI: Stock markets in the United Arab Emirates and Qatar moved little in early trade on Monday as investors waited for guidance from European bourses, which open later in the day.Dubai's bourse slipped 0.4 percent shortly after opening but then turned around and added 0.8 percent. Shares in developer Emaar Properties rose 1.0 percent and builder Arabtec Holding gained 2.0 percent.Conglomerate Dubai Investments rose 0.9 percent after reporting a 17.4 percent increase in third-quarter profit.Abu ...
Markets may rise further if global backdrop remains supportive DUBAI: Stock markets in the Middle East may continue rising on Monday because of positive third-quarter results and technical factors, although any change of direction in global markets or sharp oil price decline could undermine the rally.Dubai's bourse rose 2.5 percent to 4,689 points on Sunday, closing back above its 200-day average at 4,594 points, a positive technical signal.In Abu Dhabi, Union National Bank may rise after its third-quarter net profit came in ahead of ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
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Arrow CAC-40 4,233.09 2.22
Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln