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Abu Dhabi Market News, Politics & Analysis
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Al-Masabi: Jump in ADNOC Supply shares reflects investor confidence
Al-Masabi added in an interview with 'Sky News Arabia' that the IPO of the 'ADNOC' affiliate is a defining moment in the company's...
Rising Oil Pushes Emirati Stock Indices Into Green Zone
A US official told Reuters that US President Joe Biden and Republican Congress Leader Kevin McCarthy are close to reaching an agreement to increase...
The Divergence of Leading Gulf Indicators Ahead of Resumption of Debt...
US President Joe Biden and House Speaker Kevin McCarthy are due to meet later Monday to discuss the debt ceiling.Daniel Taqi El-Din, CEO of...
Anticipation of debt ceiling talks drives most Gulf stock markets lower
In the Dubai financial market, pressure renewed on equities after a strong rally on Wednesday.Farah Murad, XTB's senior market analyst for the Middle East...
Most Gulf markets fell as risk appetite waned
The main index in Saudi Arabia fell 1%, hurt by a 1.8% decline in Saudi Aramco.Data from the General Statistics Authority showed on Monday...
ADNOC intends to offer 15% of the shares of “ADNOC Logistics...
Subscription to the shares offered is expected to commence on May 16, 2023, and this is subject to obtaining approvals from relevant regulatory authorities...
Aldar Properties posts highest quarterly sales in its history
The house indicates, in a press release, to have achieved record sales of 4.5 billion dirhams (about 1.23 billion dollars) in the first quarter...
Gulf stock performance varied as investors waited for Fed decision
The US Federal Reserve is expected to raise interest rates by 25 basis points on Wednesday, after previously raising them by 475 basis points...
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Yemen strikes Israeli-occupied territories as Israel lashes out in deadly retaliation
Teman — Yemen's armed forces launched a missile attack on Israeli targets in the occupied Palestinian territories. This strike, reported by local media in...
Russia reaffirms commitment to diplomatic resolution of Ukraine conflict amidst Western...
Moscow — Kremlin spokesman Dmitry Peskov reiterated Russia's unwavering commitment to resolving the ongoing Ukraine conflict through diplomatic means. This statement came in response...
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