News
Selling pressure by foreign investors likely to continue on MSM
As investors continue to move away from equities globally due to uncertain economic environment, the selling pressure on the Muscat Securities Market (MSM) by foreign investors is likely to continue ...
BFX trading turnover shows steady growth
The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa (MENA) region, has announced steady growth in its trading turnover and the successful ...
Sukuk investors increase holdings in NASDAQ Dubai custody by 36%
The value of Sukuk investments held for safekeeping in NASDAQ Dubai's custody has risen by 36% in the past year, from 100 million dollars to 136 million dollars.
Aldar denies rumours of delisting
Aldar has denied reports that it is planning to delist from the Abu Dhabi Stock Exchange.
Dubai and Abu Dhabi markets touch all-time lows
It was a bleak day for the UAE's bourses yesterday as both the Dubai Financial Market and the Abu Dhabi Securities Exchange touched their all-time lows.
Almarai acquires Fondomonte in $83m deal
Saudi Arabian dairy giant Almarai has announced a $83 million (Dh304.61 million) acquisition of an Argentine farm company in an effort to secure feed supplies to its cattle overseas.
MSM extends losses to fourth session
The local bourse shed 0.67 per cent, extending losses to the 4th session amid thin volumes. Most regional markets edged lower on negative global cues.
Profits of GCC petchem firms rise 62.4% in Q3
Earnings of GCC (Gulf Cooperation Council) petrochemical companies increased 62.4 percent YoY to $3.57 billion in the third quarter of 2011 as compared to $2.19 billion in the same period last year, ...
BMI: United Arab Emirates Infrastructure Report (Sept-11)
BMI View: New data that have come to light indicate that the UAE has assumed the position of thelargest construction market in the region by industry value. While the historic and forecasted ...
BMI: United Arab Emirates Oil & Gas Report (Sept-11)
BMI assumes that UAE real GDP rose by 1.4%% in 2010, and we expect average annual growth of3.35% in 2010-2015. We expect oil demand to rise from an estimated 682,000b/d in 2010 to 771,000b/din 2015, ...