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Recent News

UAE financial markets report AED25.5bn profit in 5 sessions

Investors follow the market's movement on monitors at the Emirates Securities Market in Abu Dhabi on November 30, 2009. Stock markets in Dubai and neighbouring Abu Dhabi fell sharply, shedding 7.3 percent and 8.3 percent respectively amid a lack of buyers after Dubai World's shock proposal to suspend debt payments. AFP PHOTO/STR (Photo credit should read -/AFP/Getty Images)

  ABU DHABI / WAM Ups and downs in the UAE financial markets dominated Thursday’s session amid liquidation margin, driving the general index of Abu Dhabi Securities Exchange up by 0.34 percent or 4,653 basis points while the Dubai Financial Market saw a 0.33 percent drop to 3,634 basis points. ...

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Abu Dhabi, Saudi non-oil trade reaches AED17bn

  ABU DHABI / WAM The total value of non-oil trade between Abu Dhabi and Saudi Arabia reached AED17 billion in 11 months during 2016, based on statistics that focussed mainly on the imports through Abu Dhabi’s land, sea, and airports. According to the official statistics, Saudi Arabia came in ...

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Geo-politics, VAT discussed at Mideast investment meet

  ABU DHABI / WAM The MENA region’s finance elite converged on Abu Dhabi to discuss the region’s role in the global economy and international factors shaping the region’s investment landscape. With the UK’s vote to leave the European Union just starting to set in and a new republican administration ...

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Stocks

Investors weigh earnings, Fed hits pause button

US-Dollar-Falling--660x330 copy

  Bloomberg The dollar continued to fall on Thursday after minutes from the most recent Federal Reserve meeting showed officials were confident they could raise rates gradually without triggering short-term inflation. Oil rose to a seven-week high and stocks were up slightly at the open. The S&P 500 Index rose ...

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US stocks slip from records as bonds advance

  Bloomberg US stocks fluctuated near all-time highs after rising in nine of the past 10 days, while Treasuries advanced as investors awaited Federal Reserve meeting minutes for clues on the pace of tightening. The euro extended declines political risk in the region increased. The torrid gains in American equities ...

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US stocks rise with dollar as commodities climb

  Bloomberg US stocks rose to records as retailer results topped estimates, while the dollar resumed its advance amid fresh signs global growth has started to accelerate. Treasuries erased losses. The S&P 500 Index rose after results from Home Depot Inc. and Wal-Mart Stores Inc. bolstered confidence the American consumer ...

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European stocks little changed in thin trading as Unilever drops

  Bloomberg European stocks were little changed amid deal activity, as gains in telecommunications firms led by Deutsche Telekom AG offset a slide in Unilever NV. The Stoxx Europe 600 Index added less than 0.1 percent at 11:45 a.m. in London, trimming earlier gains of as much as 0.5 percent. ...

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Gasoline glut in New York has traders sending cargoes abroad

  Bloomberg The biggest gasoline market in the US is bursting at the seams. Traders are lining up to export gasoline and diesel from New York Harbor, an area that normally relies on fuel imports from Europe and eastern Canada, shipping data compiled by Bloomberg show. While at least 6 ...

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