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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 [...]
News & Views General Mobile broadband in the Middle East and Africa will expand to $6 billion in the next two years from the current $1 billion, spurred by an expanding network and falling prices according to Delta Partners, a telecom advisory firm. The firm says in Africa, there are 10 undersea cables either under [...]
News & Views General § Iraq will auction off eight giant oil and gas fields on Tuesday in its first major tender since 2003, giving oil firms a foothold in a country that may hold some of the world’s largest untapped energy reserves. Winning firms must pay Iraq $2.6 billion in signature bonuses and cover [...]
