Leading providers of investment research, business and IP research and company valuation services
GCC markets posted gains with Qatar and the UAE advancing the highest this week by 3.7% and 4%, respectively. Banking stocks reported steady gains across markets and markets in Saudi Arabia, Oman and Kuwait also displayed modest gains of less than 0.5%, while Bahraini markets posted 1.14% gain.
UAE: Value buying emerged in the UAE markets [...]
GCC markets ended the week on a mixed note. The UAE market witnessed selling pressure owing to renewed concerns over the debt level of Dubai World. The Saudi market edged higher due to strong corporate earnings results, while markets in Qatar and Oman closed lower. The Kuwaiti government’s investment plans were viewed positively—the KSE gained [...]
News & Views General
Qatar plans to increase its stake in Volkswagen AG after the German carmaker completes its takeover of Porsche SE.
Kuwait-based Gulf Investment House has reached an agreement with three of its six creditors to reschedule debt. Gulf Investment has paid KWD4 Mn ($13.9 Mn) out of KWD17.8 Mn in debt.
A new joint venture [...]
