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GCC markets ended the week on a negative note, with Dubai (down 7%) cracking the most. All markets, except Bahrain, failed to extend last week’s gains. Investors in the region looked to the corporate earnings season for cues; mixed results were reported in Saudi Arabia.
UAE: UAE markets saw heavy profit booking, ending the two-week winning [...]
GCC markets ended the first trading week of the year on a positive note. All markets, except Bahrain, ended the week with 1–3% gains. Oman (up 3%) and Saudi Arabia (up 2.3%) gained the most.
UAE: UAE markets extended last week’s gains, with DFM and ADSM adding 1.9% and 1.2%, respectively, in the week. News of [...]
GCC markets witnessed selling pressure across counters and dropped 1-2%, failing to hold on to levels achieved after a strong rally in the previous week. Baring Saudi Arabia, all other GCC markets succumbed to profit booking this week, with Dubai (down 6.4%) cracking the most.
UAE: UAE markets saw heavy selling pressure throughout the week, with [...]
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Mashreq Capital has announced to set up an Islamic fund worth $ 100 Mn to invest in Sukuks offering high returns. The company is planning to raise between $50 Mn and $100 Mn in the next 18 months.
Bahrain based Unicorn Investment Bank is in merger discussions with various Gulf lenders and plans [...]
