Middle east news

Turbulences in global financial markets will need to be tackled along the way
2 hours ago BIS calls on central banks to hike rates
Mubasher: The Bank for International Settlements on Sunday called on the world's major central banks to increase interest rates. Turbulences in global financial markets will need to be tackled along the way, Reuters reported, citing the BIS, which …
"We have a strong appeal to international investors"
03:20 PM UAE property sector sees 25% activity rise in Q1 – DLD director
Dubai – Mubasher: The UAE's real estate sector has witnessed a 25% rise in overall transactional activity in the first quarter of 2017, said the Dubai Land Department's (DLD) director general at the first Ramadan Real Estate Majlis. Speaking at …
(Photo credit: Radio Free Europe)
12:42 PM Alternative to Qatar demands 'not escalation but parting ways' says UAE minister
Early on Saturday, a top UAE official stated that if Qatar failed to accept the ultimatum issued by Arab states against it, then the alternative would "not [be] escalation but parting ways", Reuters reported. "The alternative is not escalation, …
Foreign currencies were mostly stable against the EGP early Sunday
12:16 PM EGP remains stable against foreign currencies on 1st day of Eid
Cairo – Mubasher: US dollar prices and other foreign currencies were mostly stable against the Egyptian pound early Sunday, the first of the Eid Al Fitr holiday. The USD-EGP pair saw prices ranging between EGP 17.95 and EGP 18.08 for buying and …
Lawmakers failed to access their emails away from Westminster
12:02 PM UK lawmakers suffer cyber security attack – AP
Mubasher: One month after the ransomware attack crippled the UK's health service, a new attack was launched against the British parliament on Saturday, The Associated Press reported. Hackers attempted to gain access to email accounts, officials …
The main index closed at the level of 5,118.31 points
24 June 07:26 PM MSM down 2.5% in week
Mubasher: The main index of the Muscat Securities Market (MSM) ended the week with a 2.48% decline, losing 130.1 points compared to its levels at the end of last week, closing at 5,118.31 points. The market capital decreased 1.11% to OMR 17.61 …
Kuwaiti crude oil registered $41.77 per barrel
24 June 04:00 PM Kuwait oil up $0.54
Kuwait - Mubasher: The price of Kuwaiti oil went up by 54 cents, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude registered $41.77 per barrel (pb) on Friday, compared to $41.23 pb on Thursday, Kuwait News Agency (KUNA) reported. …
Dubai International Financial Centre
24 June 11:05 AM DIFC rules in favor of Viceroy in Palm Jumeirah hotel case
Dubai - Mubasher: Dubai International Financial Centre (DIFC) Courts has ruled against the owner of the Viceroy Palm Jumeirah Dubai hotel preventing Viceroy Hotels and Resorts from managing and operating the hotel. The court order prohibits Kabir …
Mubadala also withdrew from negotiations with lenders
24 June 03:08 AM Mubadala pulls out of Etisalat Nigeria
Abu Dhabi - Mubasher: Abu Dhabi state investment fund (Mubadala) has decided to pull out of Etisalat Nigeria after the company failed to reach an agreement regarding its $1.2 billion loan with Nigerian banks. The company took the loan four years …
The services sector lost 0.67%
23 June 04:48 PM Bahrain Bourse sheds 1.06% in week
Mubasher: The benchmark index of the Bahrain Bourse fell 1.06% or 14.06 points to 1,312.96 points during the week ended Thursday, 22 June. Traded value increased to BHD 2.62 million versus BHD 2.27 million the week before, whereas traded volume …
The report predicted that only nine countries will form half of the world's population by 2050
23 June 04:38 PM UN raises world population forecasts to 9.8bn by 2050
Mubasher: The world's population is expected to grow to 8.6 billion by 2030, 9.8 billion by 2050 and 11.2 billion by 2100, mainly driven by Africa's rising populations, according to The United Nations' (UN) forecasts. The UN adjusted its previous …
FAB has a weight of 37% on the ADX
23 June 04:06 PM First Abu Dhabi Bank ADX weight hits 37%
Abu Dhabi – Mubasher: Equity weight of First Abu Dhabi Bank (FAB) represents around 37% of the Abu Dhabi Securities Exchange's (ADX) total equity weight by the end of May. The bank, which is listed under the symbol NBAD, also weighs around 0.65% …
The relocation will result in hundreds of jobs leaving London
23 June 03:51 PM EU to relocate 2 agencies from London
Mubasher: The European Union (EU) on Friday announced it would move the European Medicines Agency (EMA) and European Banking Authority (EBA) out of London by the Brexit deadline, set on 30 March 2019, according to BBC News. The EU will hold a …
The EGX closed the week ended Thursday, 22 June at a decline
23 June 01:47 PM EGX ends down, gains EGP 4.9bn in week
Cairo – Mubasher: The Egyptian Exchange (EGX) closed the week ended Thursday, 22 June at a decline, with the benchmark EGX30 index falling 0.46% or 61.61 points and closing at 13,417.14 points. Turnover amounted to EGP 2.66 billion after 870.2 …
Egyptian President Abdel Fattah El-Sisi extends capital gains tax freeze
23 June 01:17 PM Egypt's El-Sisi endorses EGX stamp duty, ratifies capital gains tax freeze extension
Cairo – Mubasher: Egyptian President Abdel Fattah El-Sisi has signed off on a stamp duty to be implemented on transactions carried out on the Egyptian Exchange (EGX) for both buyers and sellers, according to a decree published in the official …
On TASI, 14 sectors ended up, with food production surging 16.17%
23 June 12:08 PM TASI soars to 7-month high in June, adds 555 pts
Riyadh – Mubasher: The Saudi Stock Exchange's (Tadawul) benchmark index closed June in the green, logging its biggest rise in seven months or since November 2016. The Tadawul All Shares Index (TASI) surged 8.07%, adding 554.5 points to close the …
The DFMGI dropped 1.65% or 57.13 points to 3,402.31 points
23 June 11:54 AM DFM falls 1.6% in week; investment, real estate weigh
By: Mahmoud Gamal Dubai – Mubasher: The Dubai Financial Market (DFM) closed the week ended Thursday, 22 June in the red, weighed down by the investment, real estate and transport sectors. The DFMGI dropped 1.65% or 57.13 points to 3,402.31 points. …
ADX market capitalisation closed the week at AED 425.846 billion
23 June 11:07 AM ADX hits 2.5M low in week as 6 sectors drop
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed the week ended Thursday, 22 June in the red, marking its sharpest drop in over two-and-a-half months. The benchmark index shed 1.56% or 27.48 points and closed at 4,431.57 …
Traded volume on Nomu reached 122,900 shares
22 June 05:27 PM TASI hikes to 20M high, Nomu jumps 1.2%
Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) levelled up 1.2%, or 90.85 points to close at 7,425.72 points on Thursday, registering its highest level in 20 months, or since 21 October 2015. Turnover amounted to SAR 7.53 …
Umm Al Houl's production capacity is about 136 million gallons of water daily
22 June 05:00 PM Umm Al Houl provides 15% of Doha’s water needs – CEO
Doha – Mubasher: Umm Al Houl power plant, a subsidiary of Qatar Electricity and Water Company (QEWC), currently provides around 15% of Doha’s water needs, the plant’s CEO Jamal Al-Khalaf said Thursday. We have sped up the pace of launching water …
The stock prices of 13 companies out of 44 rose
22 June 03:03 PM QSE slides 227.46 pts in week
Doha – Mubasher: The main index of the Qatar Stock Exchange (QSE) closed 2.46% or 227.46 points lower to reach 9,030.44 points in the week ended Thursday, 22 June, against 9,257.9 points in the week earlier. The QSE’s market capitalisation dropped …
Trading volume slid to 6.8 million shares on Thursday
22 June 02:48 PM MSM slightly drops at Thursday’s close
Mubasher: The main index of the Muscat Securities Market (MSM) ended Thursday down after losing 0.06% or 3.16 points to reach 5,118.31 points. The financial sector shed 0.5% as Al Anwar Holdings retreated 8.52%, followed by Ahli Bank with …
The Egyptian Exchange
22 June 02:48 PM EGX closes Thursday on positive note
Cairo – Mubasher: The benchmark EGX30 index of the Egyptian Exchange (EGX) rose at Thursday’s close by 0.3% or 40.70 points to the level of 13,417.14 points. Likewise, the EGX70, EGX100, and EGX50 indices grew by 0.27%, 0.53%, and 0.05%, …
The banks segment was the only decliner
22 June 02:29 PM BHB closes Thursday in red zone
Mubasher: The benchmark index of the Bahrain Bourse (BHB) closed Thursday’s session 0.03% or 0.44 points lower at 1,312.96 points. The market’s trading value shrank to about BHD 519,450 on Thursday from around BHD 617,930 in the previous session, …
The market’s liquidity surged 103.9%
22 June 02:22 PM Boursa Kuwait indices mixed in week
Kuwait – Mubasher: The main index of Boursa Kuwait went down 0.57% or 38.6 points to reach 6,772.09 points by the week ended on 22 June, compared with 6,810.68 points by the week ended on 15 June. Meanwhile, the weighted index gained 0.8% or 3.18 …