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News about Dubai Market
Asia
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...
News
Falling oil prices push most Gulf stock indices down
US President Joe Biden's administration is at an impasse with Republican members of Congress over raising the $31.4 trillion debt ceiling.
On Wednesday, Fitch Ratings...
Middle East
Gulf exchanges track global markets
Oil prices, a key catalyst for Gulf financial markets, rose in volatile trading amid expectations of tighter energy markets.
Gabi Dahdouh of Capix.com for the...
Middle East
The Divergence of Leading Gulf Indicators Ahead of Resumption of Debt Ceiling Negotiations
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...
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Middle East
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...
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...
Middle East
Mixed performance of Gulf stock markets, despite rising oil prices
Fadi Riad, senior market analyst for the Middle East and North Africa region at Capix.com, said the Abu Dhabi stock market was under pressure...
Middle East
140 million dollars in revenue from “Tecom” in the first quarter of 2023
The group says in a press release that it recorded a 6% increase in its revenues on an annual basis, to reach 514 million...
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Middle East
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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