We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve.
We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve.
We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve.
We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve.
Dubai's main share index closed 1.96% higher at 5,864.43 points on Tuesday and Abu Dhabi's index rose 1.09% to 9,745.80, led by banks and property developer Emaar Properties.
Qatar's main stock index rose 3.37% to 9,150.83 points at Tuesday's close as turnover climbed to QR991.54 million, while Kuwait's Premier Market index gained 0.86% and Bahrain's all share index fell 0.29%.
The Dubai Financial Market index rose 0.77% to 5,795.98 points by midday on Tuesday, led by insurer Aman, while Abu Dhabi's index gained 0.42% with Abu Dhabi Islamic Bank up 5.7%.
DIP Holding set the price range for its Dubai Financial Market IPO at AED1.10 to AED1.15 a share, implying a market value of AED9.5 billion to AED10 billion, as subscription opened on October 27.
Dubai-listed Unikai Foods said its chairman, vice chairman and two other board members resigned with immediate effect on Monday, without giving a reason.
Saudi Arabia's benchmark index jumped 3.43% on Monday, leading broad gains across Gulf stock markets, while Qatar's index rose 2.75% and Kuwait's all-share index climbed 1.96%.
Boursa Kuwait's All-Share index rose 38.61 points, or 0.47%, to 8,329.42 on Sunday, as 11 sectors gained after a week of losses. Qatar's index edged up 0.05%.
Saudi Arabia's main share index fell 2.2% by late morning on Sunday as clashes between Yemen's Houthis and the Saudi-led coalition weighed on Gulf markets.
Kuwait International Bank's nine-month net profit rose 30% to KWD26.6 million, with third-quarter profit up 62% to about KWD9 million as fee income and financing grew.