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Egypt Stocks Rally to New High as Locals Buy on Devaluation Bets

Egypt Stocks Rally to New High as Locals Buy on Devaluation Bets
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Stocks Sink Across Middle East as Israel Goes to War With Hamas

(Bloomberg) The fallout from Saturday’s surprise attack on Israel by the Palestinian group Hamas reverberated through Middle East markets, sending stocks sliding and setting the tone for what’s likely to be a volatile week.Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Evacuations Ordered for Communities Near GazaBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursi

Israel generalUnited arab emiratesSaudi arabiaUnited statesAr riyaTel avivBloomberg businessweekBenjamin netanyahuSrinivasan sivabalanTellimer malikJoe bidenHasnain malikMiddle eastTadawul all share indexPrime minister benjamin netanyahuOri greenfeld

Stocks sink across Middle East as Israel goes to war with Hamas

Major equities gauges in the region fell Sunday, led by a 7% drop on Israel’s benchmark TA-35 stock index, its biggest loss in more than three years.

United arab emiratesAr riyaSaudi arabiaTel avivUnited statesIsrael generalTellimer malikJoe bidenHasnain malikBenjamin netanyahuOri greenfeldPsagot investmentMiddle eastTadawul all share indexPrime minister benjamin netanyahuIsrael palestine conflict

Middle East stock markets plunge as Israel goes to war with Hamas

The surprise attack by Hamas on Israel has had a significant impact on Middle East markets, with stocks falling and creating a volatile week ahead. Israel s benchmark stock index, the TA-35, experienced its largest loss in over three years with a 7% drop. Other major equities gauges in the region also weakened. The conflict between Hamas and Israel threatens to escalate and has caused divisions within Israel s politics and security structure. This, along with the potential economic consequences, has led to concerns about Israel s asset prices and the stability of its markets.

Saudi arabiaTel avivUnited arab emiratesAr riyaUnited statesIsrael generalTellimer malikHasnain malikBenjamin netanyahuJoe bidenMiddle eastTadawul all share indexPrime minister benjamin netanyahuOri greenfeldPsagot investmentMiddle east stock markets

TRYing times: The slide and fall of the Turkish lira

LONDON (Reuters) - Turkey's lira took a 7% nosedive on Wednesday as the country's newly re-elected government appeared to be abandoning its costly 18-month strategy of keeping the currency on a tight leash by any means necessary. | 11:47am

Kieren curtisMarc jonesFrank gillTellimer malikDavid evansTayyip erdoganKarin stroheckerUlrich leuchtmannInternational monetary fundCentral bankGoldman sachsWall streetHasnain malikPresident tayyip erdogan