Just in:  

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

Middle East & Africa


Gulf markets rise sharply in response to global cues DUBAI: Gulf stock prices rose sharply in early trade on Sunday as a positive global environment drew local retail investors into the markets.Major foreign bourses surged more than 1 percent on Friday, partly because the Bank of Japan surprised markets by ramping up its economic stimulus programme. Although the long-term outlook for oil prices remains uncertain, Brent crude has stabilised around $85 a barrel in recent days.The main Qatari stock index was up 1.1 percent in early trade on Sunday. The most heavily traded stock was Barwa Real Estate, which gained 3.4 percent to 44.40 riyals after announcing a 500 million riyal ($137 million) commercial development near downtown Doha, with completion slated for the beginning of 2017.The stock faces major chart resistance on July's multi-year peak of 45.60 riyals.In Dubai, investors piled into property-related stocks, with Emaar Properties up 3.5 percent and construction firm Arabtec, the most heavily traded stock, ...

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. ...
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 ...


Index Closing Chg%
Arrow DJIA 17,719.00 0.19
Arrow Nasdaq 4,701.87 0.56
Arrow S&P 2,052.75 0.20
Arrow FTSE 6,678.90 0.26
Arrow DAX 9,483.97 0.12
Arrow CAC-40 4,234.21 0.75
Arrow Nikkei 17,300.86 0.07
Arrow H.Seng 23,349.64 0.10
Arrow Sensex 28,067.56 0.12

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln