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Easing inflation, strong corporate earnings and positive developments on Dubai World’s debt repayment helped GCC markets register strong gains in the week. The DFM (6.9%) was the top gainer during the week, while other GCC markets – barring Bahrain that closed flat – advanced 1–2%. UAE: UAE markets exhibited a positive trend in the week [...]
GCC markets exhibited mixed trends during the week. Qatar markets gained the most with a strong market breadth. Bahraini markets ended the week higher by 2%. The TASI, which also had positive market breadth, rose 3%. UAE: UAE markets witnessed a mixed performance during the week. The DFM, up 3%, continued the previous week’s uptrend [...]
News & Views General The Central Bank of Kuwait reported increase in credit facilities by local banks to different sectors to KD 24.4 Bn by end of July 2009, a hike of 0.5%. Kuwait’s sovereign wealth fund, Kuwait Investment Authority has no plans to sell its stakes in US banking giants Citigroup and Merrill Lynch. [...]
News & Views General § France Telecom’s unit submitted an obligatory tender offer to acquire the entire stake of Egypt based Mobinil. § Saudi Arabia’s capital expenditure on development projects rose 103% y-o-y to SR40.6 Bn during the first quarter of 2009. § Oman and Uzbekistan have set up a joint investment company with a [...]
GCC markets performed commendably during the week ended April 09, 2009. The robust performance of almost all the GCC bourses can be ascribed to the recent G-20 summit during which leaders put forward quite a few proposals to stabilize the global financial market and improve regulatory mechanisms. This may have encouraged investors to increase their [...]
London, Friday, January 04, 2008 ARANCA News Report (www.aranca.com) :Inflation will continue to rise in the Gulf states as the high price of oil leads to huge windfall profits for the oil producing countries, according to Standard Chartered. The region produces around a quarter of the world’s oil supply and Saudi Arabia, the United Arab [...]
