During Q2-2021, GCC aggregate profits breached pre-Covid levels to reach $45.0 billion compared with $14.2 billion during Q2-2020, according to Kamco Invest.
Abu Dhabi stocks rose in early trade on Monday, outperforming other Gulf peers, boosted by extended gains in International Holding (IHC) after the conglomerate delivered strong first-half numbers last week.
By Reuters Staff
3 Min Read
(Reuters) - Major markets in the United Arab Emirates (UAE) ended lower on Thursday as rising coronavirus cases in the country dented sentiment, although Dubai and Abu Dhabi shares notched weekly gains.
FILE PHOTO: Clocks showing the time in different cities of the world are pictured at the stock market, in Dubai, United Arab Emirates, November 5, 2020. REUTERS/Abdel Hadi Ramahi
Dubai has suspended non-essential surgery for a month and live entertainment in hotels and restaurants until further notice as coronavirus infections surge in the Middle East trade hub.
Daily cases in the UAE hit a record 3,506 on Wednesday, the highest in the Gulf Arab region where daily tallies in each of the other five states have fallen below 500.
FILE PHOTO: A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed
Most major Gulf stocks rise; Qatar slips Middle East & Africa Ateeq Shariff (Reuters) - Most major stock markets in the Gulf recovered some losses on Tuesday, a day after registering steep declines caused by fears about a highly infectious new strain of COVID-19. The new variant of the virus is spreading rapidly in Britain and drawing high levels of concern among other countries, many of which have cut transport links.