ArabianBusiness.com - Middle East Business News
Thursday, 26 November 2009 22:09 UAE time

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European bank shares plunge on Dubai debt concerns

Financial Markets
The DJ Stoxx European bank index falls 5%, steepest drop since May amid exposure fears.



Thursday, 26 November 2009

NASDAQ Dubai chairman resigns

Financial Markets
Soul Ba'alawy also steps down from NASDAQ OMX Group board to focus on leading Dubai Group.

NASDAQ Dubai chairman resigns

Wednesday, 25 November 2009

Saudi index ends higher before Eid break

Financial Markets
UPDATE 8: Real estate shares lift index in Dubai while Aabar boosts Abu Dhabi.

Saudi index ends higher before Eid break

Tuesday, 24 November 2009

Savola leads Saudi index to higher close

Financial Markets
UPDATE 6: Emaar drops 2.8%, DFM3.6%, while Kuwait, Bahrain end higher.

Savola leads Saudi index to higher close

Monday, 23 November 2009

Dubai index rebounds from 10-week low

Financial Markets
UPDATE 5: Index mades largest one-day gain since Nov 4, while gold price hits record high.

Dubai index rebounds from 10-week low

Sunday, 22 November 2009

Emaar stocks main drag on Dubai index

Financial Markets
UPDATE 4: Shares fall 4.4%, while late banking rally helps Saudi to higher close.

Emaar stocks main drag on Dubai index

Saturday, 21 November 2009

Saudi index down, banks and petchems weigh

Financial Markets
All share index TASI falls 0.76% to 6,270.75 point; SABIC slips 0.92%.

Saudi index down, banks and petchems weigh

Friday, 20 November 2009

Gulf Arab investors discouraged by Morocco's red tape

Financial Markets
Kingdom's poor infra also hurting further investments agricultural field - trader.

Gulf Arab investors discouraged by Morocco's red tape

Thursday, 19 November 2009

GE unit nears Islamic bond sale

Financial Markets
General Electric unit to sell 5-year benchmark bond; could raise as much as $1bn - bankers.


UAE indexes extend losses; property weighs

Financial Markets
UPDATE 5: DFM ends lower for 5th session in 6 as losers outnumber gainers 16:3.

UAE indexes extend losses; property weighs

Wednesday, 18 November 2009

UAE's First Gulf Bank sets guidance for $500m bond

Financial Markets
Guidance set at 250 bps-275 bps over midswaps; deal to close on Thursday.

UAE's First Gulf Bank sets guidance for $500m bond

SABIC weighs as Saudi index ends lower

Financial Markets
UPDATE 5: Oman's MSI ends slightly higher after trading sideways for most of the session.

SABIC weighs as Saudi index ends lower

Tuesday, 17 November 2009

Kuwait bourse stops Agility share trading

Financial Markets
Suspension implemented pending clarification of a statement from logistics giant.

Kuwait bourse stops Agility share trading

Saudi stocks gain, industrials strong

Financial Markets
UPDATE 6: Kuwait's index posts its biggest single-day decline since July 6.

Saudi stocks gain, industrials strong

GCC company earnings down 23% in Q3 - Markaz

Financial Markets
Kuwait Financial Centre report shows continuing impact of global downturn in region.

GCC company earnings down 23% in Q3 - Markaz

Monday, 16 November 2009

Aramex surges 5% as Dubai index closes higher

Financial Markets
UPDATE 7: Telecom operator Zain sees shares up by 2% while Saudi's index also advances.

Aramex surges 5% as Dubai index closes higher

Sunday, 15 November 2009

Kuwait's Zain slumps to new 24-week low

Financial Markets
UPDATE 8: Kuwaiti index drops while Air Arabia shares weigh on Dubai's stock market.

Kuwait's Zain slumps to new 24-week low

Saturday, 14 November 2009

UAE’s M&A deals see 29% drop in 2009 - paper

Financial Markets
Mergers & acquisitions involving UAE firms stands at $14.75bn at Oct-end.

UAE’s M&A deals see 29% drop in 2009 - paper

Saudi shares end higher on banks, telcos

Financial Markets
All-share TASI index closes a volatile session 0.68% higher at 6,296 points.


Friday, 13 November 2009

Strong appetite for Gulf bonds seen in 2010 - bankers

Financial Markets
More than $20bn raised since Apr; bankers see $25bn-plus bond issues in 2010.

Strong appetite for Gulf bonds seen in 2010 - bankers

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