UAE to exit OPEC, OPEC+ on 1 May
The United Arab Emirates announced on Tuesday it will exit the Organisation of the Petroleum Exporting Countries…
Browsing Tag
Gulf
El-Khatib: Egypt pushes glass, auto investments
Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib met with executives from Toyoichi Tsusho and…
Kraft Heinz to pour more investments in Egypt
Kraft Heinz Group plans to invest $50 million to expand its factory in Egypt, aiming to double production capacity…
Uganda to import petroleum products via Kenya’s Mombasa port
Kenya will enable Uganda's state oil firm to import petroleum products through its Mombasa port, Reuters reported…
Aramco, ADNOC discussing US LNG investments
Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are reportedly in discussions to invest in US liquefied…
Gulf markets dip as oil declines
Gulf stock markets were muted in early Tuesday trading due to declining oil prices as China’s economic reforms…
Gulf’s real estate to grow in H1 2024 – Markaz
The Gulf real estate sector will grow in the first half of 2024 due to increasing demand and government policies…
Bahrain plans to issue Eurobonds
Bahrain plans to issue a dollar bond with a two-tranche deal: a seven-year Islamic note with a 6.625 per cent…
Egypt’s SCZone reports significant growth in port traffic in 2023
The Suez Canal Economic Zone (SCZone) announced that their ports experienced significant activity in 2023,…
QNB reports 8% profit rise
Qatar National Bank (QNB), the largest bank in the Gulf by assets, announced on Thursday an 8 per cent increase in…
Noura Al-Mutair – first Gulf female boxer in World Championships
Kuwaiti Noura Qashian Al-Mutairi has become the first female boxer from the Arab Gulf to take part in the World…
U.S. Cartel Capital to invest $8mln in Egypt, Gulf during Q2
U.S. private equity and venture capital firm Cartel Capital plans to invest around 160 million Egyptian pounds ($8…
Major Gulf stocks fall, following global shares slide
Major Gulf stocks retreated on Thursday, mirroring a decline in global shares and oil prices, as investors remained…
Gulf stocks move sideway early on, Aramco weighs on Saudi
Major Gulf stock markets moved sideways early on Tuesday, with financials and energy stocks weighing on Saudi…
Gulf stocks opens higher as U.S.-Iran tension ease
All major Gulf stocks open in green on Sunday, extending their gains from the previous session, amid ease in…
Gulf Stocks slump as U.S. strike on Iranian General increases Tension
Stocks in the Gulf went into retreat as the U.S. killing of Iran’s most prominent general reverberated across the…
Gulf shares mostly dip after holiday on recession fears
Most Gulf markets traded on Wednesday after a three-day Eid holiday, while Saudi Arabia and Oman’s bourses will…
Gulf stocks rise, Abu Dhabi bucks the trend
Saudi Arabia's markets edged higher on Thursday as oil prices rose, while most Gulf stocks recovered from a recent…
Iran capture another tanker in the Gulf allegedly for smuggling fuel
Iran has seized another foreign tanker in the Gulf, Iranian state media say, the Revolutionary Guard Corps' naval…
Banks hurt Saudi stocks; Dubai index continues to gain on Emaar
Saudi Arabia’s stock market dropped on Thursday, with Al Rajhi Bank, the country’s second largest lender by assets,…
UAE, Saudi markets surge on banks; Industries Qatar weighs
Most major Gulf stock markets rose on Tuesday led by financial stocks, though Qatar was marginally lower, weighed…
Saudi markets rise, led by banks; other Gulf muted
Saudi stock markets rose on Monday, led by banking shares, while other Gulf stocks were little changed.
Iran begins Gulf war games, to test submarine-launched missiles
Iran began large-scale naval drills at the mouth of the Gulf, which will feature its first submarine cruise…
Saudi banks plunge on tax payments, Wall Street’s decline weighs on Gulf
Saudi shares fell sharply on Sunday, with banking shares dropping after lenders said they had reached a deal with…
If Iran can not export oil then no country will export oil from the Gulf: Rouhani
America should know that if Iran can not export oil then no country will export oil from the Gulf, Iranian…
Dubai stock market rebounds slightly, most of Gulf quiet
The Dubai stock market inched up early on Wednesday after sinking to a 34-month low in the last session, while most…
Qatar smarts from MSCI decision, Gulf mostly moves little
Qatar’s stock market continued to suffer in early trade on Thursday from MSCI’s decision to exclude two of its…
Saudi stock market recovers some losses, most of Gulf inches up
Saudi Arabia’s stock market partially recovered early on Monday from steep losses triggered by the disappearance of…
U.S. Cartel Capital to invest $2 bln in Egypt, Gulf before year-end
U.S. private equity and venture capital firm Cartel Capital plans to invest around $2 billion in Egypt and some…
Oil boosts Gulf petchems but markets mostly sluggish
Petrochemical firms and other oil-related stocks rose in the Gulf early on Tuesday after the Brent crude price…
Qatar becomes first gulf state to offer expat permanent residency
Qatar has officially made permanent residency an option for a limited number of foreigners, a landmark development…
Gulf stocks open weak, Saudi bank shares up
Shares in Saudi blue-chip banks surged in early trade on Tuesday, while materials and real estate companies dropped…
Saudi stock markets lead regional gains with blue-chip boost
Saudi stock markets led gains among largely positive Gulf markets on Sunday, bolstered by a surge in blue-chip…
Egypt’s Premiere says to open rep office in Dubai before H1-end
Egyptian financial service company Premiere Holding aims to open a representative office in Dubai, as part of a…
Egypt negotiates with Saudi Arabia for $1.56 bln electricity interconnection project
Egypt is in talks with Saudi Arabia for an electricity interconnection project at a total investment cost of $1.56…
Jordan lifts import ban on Egyptian potatoes: Egypt agriculture ministry
Jordan has lifted a ban on imports of Egyptian potatoes it imposed over a year ago due to brown rot, Egypt’s…
Gulf stays sluggish but Saudi’s PetroRabigh surges on strong results
Saudi Arabia’s stock market stayed soft in early trade on Tuesday despite a big rebound by petrochemical company…
Gulf bourses may firm up on higher oil prices
Stock markets in the Gulf may tick higher Wednesday on a jump in oil prices to a near four-week high after leading…
Qatar-Egypt trade rose 17.5% in first 7 months of 2017 despite Gulf rift
Egypt’s trade exchange with Qatar rose 17.5 percent during the first seven months of 2017, reaching $1.12 billion…
Bourses may have firm tone with Saudi and Dubai testing chart barriers
Stock markets in the Gulf may generally have a firm tone on Sunday because of a positive global climate, while…