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MIDEAST STOCKS Property shares buoy Dubai; major Gulf markets dip

Most major stock markets in the Gulf eased in early trade on Wednesday, but the Dubai index was on course to extend gains from the previous session following an upbeat assessment of its property shares by Morgan Stanley.

Saudi arabiaUnited arab emiratesAbu dhabiAbuz abyThomson reuters trust principlesIndustries qatarMorgan stanleyAl rajhi bankSaudi basic industriesInternational holdingEmaar propertiesEmaar mallsAbu dhabi ship buildingGulf arabThomson reuters trustQ a

MIDEAST STOCKS Most major Gulf markets track lower oil prices; Dubai gains

Middle EastMIDEAST STOCKS Most major Gulf markets track lower oil prices; Dubai gains Ateeq Shariff 4 minute read A general view shows the Dubai Financial Market after Joe Biden wins U.S. presidency, in Dubai, United Arab Emirates November 8, 2020. REUTERS/Christopher Pike Major Gulf markets ended lower on Wednesday, mirroring weak oil prices, while Dubai extended gains from the previous session following an upbeat assessment of its property shares by Morgan Stanley. Brent crude futures fell $1.4, or 2% to $67.31 a barrel at 1215 GMT, on renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth.

Saudi arabiaUnited arab emiratesAbu dhabiAbuz abyDamac propertiesThomson reuters trust principlesMorgan stanleyInternational holdingEmaar propertiesAl rajhi bankIndustries qatarSaudi national bankMajor gulfEmaar mallsGulf arabThomson reuters trust

MIDEAST STOCKS Most major Gulf markets rise in early trade; Qatar dips

Middle EastMIDEAST STOCKS Most major Gulf markets rise in early trade; Qatar dips Reuters 3 minute read An electronic board displaying data is seen at the Doha Stock Exchange in Doha, Qatar January 6, 2021. REUTERS/Ibraheem Al Omari Most major stock markets in the Gulf rose in early trade on Monday, driven by gains in the financial sector, although Qatar bucked the trend to trade lower. Saudi Arabia s benchmark index (.TASI) gained 0.4%, with Al Rajhi Bank (1120.SE) rising 0.9% and Saudi Telecom Company (7010.SE) up 0.8%. The kingdom announced on Sunday that foreign visitors arriving by air from most countries will no longer need to quarantine if they have been vaccinated against COVID-19. read more

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MIDEAST STOCKS Top lender FAB boosts Abu Dhabi; Dubai retreats

Middle EastMIDEAST STOCKS Top lender FAB boosts Abu Dhabi; Dubai retreats Reuters 2 minute read The Abu Dhabi stock market ended higher on Sunday, buoyed by a surge in its top lender First Abu Dhabi Bank (FAB) (FAB.AD) on expectations that an upcoming review by MSCI of its emerging markets index will increase the bank s index weighting and spur foreign fund flows into its shares. The benchmark index (.ADI) jumped 3.5%, its biggest intraday gain since mid-January, with First Abu Dhabi bank surging more than 10%. The bank has gained significant interest, ever since it completed the takeover of Bank Audi Egypt, said Mohamad Ibrahim, regional director at Exness.

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Italy s ERG pledges €2 1-billion to become pure green

Italy s ERG pledges €2 1-billion to become pure green
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