Search results for "bahrain"



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MIDEAST STOCKS-Markets slide again in line with Europe; Saudi resilient

*UAE, Qatar change direction as Western markets dip. DUBAI, Oct 20- Most Middle Eastern stock markets fell on Monday as a rebound by global equities turned out to be short-lived, but Saudi Arabia's bourse rose after a string of strong quarterly earnings. Stock indexes in the United Arab Emirates and Qatar rose in early trade but quickly gave up all their gains after...
Source: Reuters | By: Olzhas Auyezov
Saudi's NCB pledges conversion to Islamic bank after pressure from scholars

RIYADH, Oct 20- Saudi Arabia's biggest bank has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within about five years. The decision, made as the bank launches a $6 billion initial public offer of its shares, the largest-ever equity sale in the Arab world, shows how Saudi Arabia's...
Source: Reuters | By: Marwa Rashad
MIDEAST STOCKS-Markets rebound as global bourses rally on earnings, sentiment

*Dubai's Arabtec surges after promising Egypt deal soon. DUBAI, Oct 19- Most exchanges in the Middle East rebounded on Sunday after global stock markets recovered on Friday from a big sell-off triggered by worries about the impact of weak earnings reports on growth and businesses. Those worries had sent Middle East bourses tumbling, with Dubai's index down 13.6...
Source: Reuters | By: Olzhas Auyezov
New Gulf projects to hit $180 bln this year despite oil price -study

DUBAI, Oct 16- About $180 billion of contracts for new construction projects will be awarded in wealthy Gulf states this year, the largest amount for six years, despite falling oil prices, according to a study published on Thursday. So far, however, there is no clear sign that cutbacks are looming in the six-nation Gulf Cooperation Council, which comprises Bahrain,...
Source: Reuters | By: Praveen Menon
MIDEAST STOCKS-Markets bleed further, Saudi prepares for huge IPO

*Saudi Arabia tumbles ahead of National Commercial Bank IPO. DUBAI, Oct 16- Markets across the Middle East tumbled on Thursday as global equities and oil prices continued to decline, while Saudi Arabia's drop was magnified by investors selling to prepare for a $6 billion initial public offer of shares. "Lower oil prices shouldn't cause too many problems for the...
Source: Reuters | By: Olzhas Auyezov
MIDEAST STOCKS-Markets decline further as global gloom persists

*Dubai closes below 200- day average, first time since 2012. *Ezz Steel lifts Egypt after govt restricts steel imports. DUBAI, Oct 15- Most stock markets in the Middle East continued to decline on Wednesday as global equities remained under pressure and disappointing quarterly earnings and forecasts weighed on bourses in Oman and Kuwait.
Source: Reuters | By: Olzhas Auyezov
MIDEAST STOCKS-Most markets fall as European rebound falters

*Broad sell-off resumes in UAE, Saudi Arabia. Abu Dhabi's index fell 1.1 percent, although some stocks gained, including Union National Bank which rose 0.2 percent after brokerage EFG Hermes said on Monday it might secure a place in MSCI's emerging market index next month. The pan-European FTSEurofirst 300 Index rose in the first half of Monday's session,...
Source: Reuters | By: Olzhas Auyezov
Obama and military chiefs to thrash out ISIS plans

President Barack Obama will hash out a strategy to counter Islamic State on Tuesday with military leaders from some 20 countries including Turkey.
Source: Reuters
MIDEAST STOCKS-Dubai, Saudi Arabia lead rebound as panic eases; strong Q3 earnings

DUBAI, Oct 13- Most major stock markets in the Middle East rebounded on Monday, led by bourses in Dubai and Saudi Arabia, as global equities stabilised and several companies in the region reported strong quarterly earnings. The main indexes in Dubai and Saudi Arabia plunged 6.5 percent. But although Dubai tumbled as much as 2.7 percent early on Monday, it closed 1.9...
Source: Reuters | By: Olzhas Auyezov
New iPhones to be available in more than 115 countries by year-end

The iPhones will arrive in 36 additional countries and territories across Europe, Asia, the Middle East, Latin America and Africa by the end of this month, Apple said. Other countries where the phones will be launched include Israel, Czech Republic, Greenland, Poland, South Africa, Bahrain and Kuwait, making this the fastest rollout of iPhones, the company said.
Source: Reuters