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Last Updated: Sun, Jul 24 2016 | 2:28 PM |
Gulf may pull back after retreats in oil, global stocks

Gulf may pull back after retreats in oil, global stocks

Brent crude loses 2.7% at the weekend for largest drop in a month

Kuwaiti Kharafi-linked stocks tumble on $2bn Americana sale collapse

Americana's shares were suspended ahead of the market open and have yet to resume trading, but other Kharafi-linked stocks plunged

Gulf markets may have weak bias

Oil prices continued to edge down overnight and Asian bourses fell near 10-week lows

Saudi to loosen foreign ownership restrictions for stocks

Each investor under Saudi Arabia's Qualified Foreign Institutions scheme will be allowed to own a stake of just under 10 percent of a single company

Top Gainers

COMPANY PRICE CHANGE % CHANGE
SUDATEL AED 0.62 0.08 14.81 %
NATL MARINE DRDG AED 4.90 0.43 9.62 %
NATL CO BLDG MAT AED 0.52 0.02 4.00 %
BANK OF SHARJAH AED 1.35 0.02 1.50 %
SHARJAH ISLAMIC AED 1.54 0.01 0.65 %
NATL BK OF AD AED 9.91 0.06 0.61 %
Data delayed at least 15 minutes

Top Losers

COMPANY   PRICE CHANGE % CHANGE
AL KHAZNA INS CO AED 0.52 -0.05 -8.77 %
INT FISH FARMING AED 1.52 -0.05 -3.18 %
AGTHIA GROUP AED 7.61 -0.19 -2.44 %
ARKAN BLD MT CO AED 0.90 -0.02 -2.17 %
WAHA CAPITAL AED 2.00 -0.03 -1.48 %
NATL BK OF RAK AED 5.11 -0.07 -1.35 %
Data delayed at least 15 minutes

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How to create a blog for your business

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Why intellectual property fee hikes need to be redesigned

Why intellectual property fee hikes need to be redesigned

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10 things to know when starting a business in the UAE

10 things to know when starting a business in the UAE

Tanaz Dizadji, founder and CEO of insydo, a Dubai-based digital start-up, shines a spotlight on how decision-making process evolves as a start-up grows

How big are Saudi Arabia's oil reserves really?

How big are Saudi Arabia's oil reserves really?

There is widespread scepticism about the official estimates of kingdom's oil reserves, says Reuters analyst John Kemp

The resilience of Palestinian entrepreneurs

The resilience of Palestinian entrepreneurs

In this article, the first in a two part series, Ambar Amleh, chief operating officer at Ibtikar Fund, takes a broad look at that the Palestinian entrepreneurship ecosystem

How the Brexit aftermath affects the GCC

How the Brexit aftermath affects the GCC

There will be winners and losers as the global economy comes to terms with the still-unknown implications of the UK’s shock decision, says Courtney Trenwith

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Building an interior design business in the GCC

Building an interior design business in the GCC

In this month’s Chatterbox: GCC Entrepreneurs on The Rise, Manar Al Hinai, an award...

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Are the troubles easing for Saudi construction giant Binladin?

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Understanding blockchain and its growing importance in the UAE

Project Pen’s John Lillywhite talks to Moe Levin, founder of Keynote Events and a...

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