IPOs, investments help GCC markets prosper in 2023
Regional markets are reflecting a transition from oil dependency to diversified economies with six IPOs raising $419 million in in...
YEARENDER
ADX set for dynamic growth in 2024 with new listings
"ADX's crucial role in bridging investors with companies, fostering growth opportunities, and reinforcing the UAE and Abu Dhabi's status as...
Business
Business
Bahrain Bourse forms Disciplinary Appeals Board
Members of the board will be appointed following a resolution from BHB’s board, and approved by the Central Bank of...
- The board shall be responsible for investigating appeals against disciplinary resolutions issued by related parties
- This will be in compliance with Bahrain Bourse’s Business Rules and the CBB Volume 6 DRA module
Business
Iran to set up real-estate stock exchange in H2
When established, it is expected to be Iran’s fifth major stock exchange.
- It will be under the purview of the Iran Mercantile Exchange or IME
- Such an exchange is expected to provide housing units for the underprivileged
Business
Popular Buraidah dates daily sales worth $400k
About 400 refrigerated trucks transport hundreds of tons of 45 varieties of dates to specialized factories in big cities.
- The region has the highest number of date palm trees among all the kingdom’s regions.
- About 400 refrigerated trucks transport hundreds of tons of 45 varieties of dates to specialized factories in big cities.
Business
ADNIC H1 net up 31.1 percent to $67m
Gross written premiums for the H1 of 2021 rise by 4.2 percent to AED 2.67 billion.
- Gross written premiums for the first half of 2021 increase by 4.2 percent to AED 2.67 billion.
- ADNIC’s net investment and other income increased by 58.3 percent to AED87.3 million for the six-month period.
RAK Properties net profit rises 348% to AED120m in H1
Revenues of the UAE-based real estate firm, which is listed on the Abu Dhabi Stock Exchange, grew by 121 percent...
Demand for UAE gold jewellery spikes as buyers splurge
Demand for UAE gold jewellery has vaulted 461 percent to 7.3 metric tons in the second quarter as compared to...
History created: ADX market capitalization crosses US$300 billion
The UAE’s booming economy and the gradual opening up of the world markets helped Abu Dhabi Securities Exchange’s market capitalization...
Stocks gain in Qatar while government begins to ease Covid restrictions
Other stock exchanges were stayed dull, posting modest gains and losses The Gulf Arab state said that leisure and education...
IPOs, investments help GCC markets prosper in 2023
Regional markets are reflecting a transition from oil dependency to diversified economies with six IPOs raising $419 million in in...
YEARENDER
Company News
Gulf markets, except Kuwait and Qatar, end higher
Market Report
Stocks mostly drop as traders track China, US rates
Market Report
Latest News
Stocks mostly rise ahead of key US jobs data
Market Report
Abu Dhabi Securities Exchange appoints Emirates NBD Capital as custodian
ABU DHABI, UAE - Abu Dhabi Securities Exchange (ADX) has appointed Emirates NBD Capital as a custodian. Emirates NBD Capital...
Business
Reforms help UAE, KSA lead M&A activities in MENA
Local deals account for 51% of total M&A volume with technology sector at 25% as improved market conditions and pro-business...
US consumer inflation high, Federal Reserve under stress
US consumer inflation edged down in February but remains elevated, according to government data, adding pressure to the Federal Reserve...
Economy
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Market Report
Global stocks mixed as markets await US jobs data
Wall Street rose but European stock markets fell as investors brace for US jobs data that they fear could prompt...
- The US Federal Reserve raised rates by a quarter basis point in December, lower than previous decisions.
- European wholesale natural gas prices dived to the lowest level since August 2021, due to high storage levels.
Market Report
US, European stocks dip as traders mull US rates outlook
US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and...
- Oil prices rebounded, while the pound extended gains won on Brexit deal alterations.
- Eurozone bond yields surged higher, with the yield on the benchmark German 10-year government bond rising to a 12 year high.
Market Report
Commodities hurt by a crisis of confidence
Inflationary pressures, meanwhile, have eased by less than expected. Continued strength in the numbers has forced the Fed to turn...
- The commodity sector remains on the backfoot this month after a supportive focus on China’s reopening was replaced by fresh growth and demand concerns
- In the US, recent economic reports have shown continued strength in the labor market while inflationary pressures have eased by less than expected