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Dubai index

Most Gulf shares rise
Markets

Most Gulf shares rise

DUBAI: Most stock markets in the Gulf ended higher on Tuesday, as worries about the impact of the Omicron ...
Published 08 Dec, 2021 06:22am
Dubai drags major Gulf markets lower
Markets

Dubai drags major Gulf markets lower

  • Dubai's main share index fell 0.7%, weighed down by a 1.1% drop in Emirates NBD Bank and a 1% decline in sharia-compliant lender Dubai Islamic Bank.
  • "The Saudi announcement will likely negatively affect companies in the Emirates in the short-term," said Daniel Takieddine, market analyst at FXPrimus.
Published 06 Jul, 2021 07:13pm
Dubai says $500mn bond repayment reflects fiscal stability
Markets

Dubai says $500mn bond repayment reflects fiscal stability

  • The Government of Dubai's ability to fulfil its financial obligations reflects its deep fiscal stability amidst the circumstances imposed by the current global crisis.
  • The $500 million notes, which were issued in 2011, have been redeemed in full, said the government.
Published 22 Jun, 2021 07:20pm
Most major Gulf bourses gain on corporate earnings
Markets

Most major Gulf bourses gain on corporate earnings

  • Saudi Arabia's benchmark index rose 0.9%, boosted by a 1.8% gain in Al Rajhi Bank and a 8.9% surge in Bank Al Jazira, which reported an increase in its quarterly net profit.
  • The Abu Dhabi index added 0.5%, bolstered by a 0.7% gain in top lender First Abu Dhabi Bank while telecoms giant Etisalat was up 0.6%.
Published 26 Apr, 2021 06:21pm