bahrain - CNBC

search results for

refine results

sort by

Date
Relevance

result type

Articles
Video

Wires
Press Releases

MIDEAST STOCKS-Region edges up, building-related shares boost Saudi before budget

*Kuwait continues rise after central bank stays on hold. DUBAI, Dec 17- Middle Eastern stock markets edged up in quiet trade on Sunday, with construction and building materials stocks boosting Saudi Arabia ahead of the release of its 2018 state budget this week. Najran Cement gained 4.5 percent and in addition to Khodari, the 10 best-performing stocks featured...

Source: Reuters

EXCLUSIVE-Qatari dairy company battling Arab boycott to go public next year - sources

*Company part of Qatar drive to be self-sufficient in milk. One source said the IPO might value the company, which flew 3,400 cows into Qatar during the initial weeks of the boycott to address a shortage of fresh milk, at about 2 billion riyals. The IPO plan underlines one way in which Qatar is seeking to strengthen its economy in the face of the boycott by building up...

Source: Reuters

Out of U.S. sanctions, Sudan tries to lure back investors

*Sudan close to fast growing, wealthy markets. LONDON, Dec 15- Sudan's president is wanted for crimes against humanity, the economy has lost much of its oil output and the government is in arrears with the IMF. "The margins of profit in Sudan are more than the margins of profits in the region or elsewhere in the world, simply because the demand is so huge," he said this week...

Source: Reuters

MIDEAST STOCKS-Region mixed, stimulus plan doesn't buoy Saudi

*Dubai property developers drag market lower. DUBAI, Dec 14- Middle Eastern stock markets were mixed on Thursday, with the Saudi Arabian bourse taking little encouragement from the government's announcement of a 72 billion riyal stimulus package. They include residential loans worth 21.3 billion riyals, a 10 billion riyal fund to support economic projects,...

Source: Reuters

MIDEAST STOCKS-Corporate news weakens Dubai and Saudi, Qatar jumps after budget

DUBAI, Dec 13- Corporate news pulled down stock markets in Saudi Arabia and Dubai on Wednesday, while Abu Dhabi was supported by a strong new listing and Qatar surged after the release of the government's 2018 budget. The Dubai index dropped 1.4 percent as Emaar Properties sank 6.2 percent to its lowest close since June, in its heaviest trade since June.

Source: Reuters

MIDEAST STOCKS-Oil prices help Gulf rise, Saudi petchems strong

*Brent oil above $65 a barrel for first time since mid-2015. *Dubai's Drake& Scull continues rally. DUBAI, Dec 12- Middle East stock markets mostly rose on Tuesday after the shutdown of a North Sea pipeline pushed Brent oil above $65 a barrel for the first time since mid-2015.

Source: Reuters

‘Qatar has been a problem for the US for over a decade’: Former defense secretary Gates

Qatar has strenuously denied that it supports terrorism and sees the blockade as a way to subsume it under the powerful influence of Saudi Arabia.

Source: CNBC.com

RPT-EXCLUSIVE-Detained Saudi billionaire al-Sanea seeks to end debt dispute

DUBAI, Dec 11- A detained Saudi billionaire who led the collapsed Saad Group is seeking to repay part of a multi-billion dollar debt to creditors under a deal that could allow his release, people familiar with the matter told Reuters. The businessman, Maan al-Sanea, was detained in October in the kingdom's Eastern Province for unpaid debts, and has since been in a...

Source: Reuters

EXCLUSIVE-Detained Saudi billionaire al-Sanea seeks to end debt dispute

DUBAI, Dec 11- A detained Saudi billionaire who led the collapsed Saad Group is seeking to repay part of a multi-billion dollar debt to creditors under a deal that could allow his release, people familiar with the matter told Reuters. The businessman, Maan al-Sanea, was detained in October in the kingdom's Eastern Province for unpaid debts, and has since been in a...

Source: Reuters

MIDEAST STOCKS-Saudi pulls back as Dar Al Arkan bubble bursts

*Dar Al Arkan had nearly doubled since mid-November. *Dubai's Emaar Development rises, still way below IPO price. DUBAI, Dec 11- Saudi Arabia's stock market pulled back on Monday as a bubble in shares of real estate firm Dar Al Arkan burst, while equities in Qatar pulled further away from six-year lows.

Source: Reuters