By Davide Barbuscia
DUBAI - Bond prices across Gulf Arab nations weakened on Tuesday as foreign investors hesitated to buy, concerned that the diplomatic crisis surrounding Qatar would increase risks around the region.
Qatar's sovereign international bonds came under pressure, with its longest-dated paper – a bond maturing in...
United Arab Emirates stocks were mixed after the close on Sunday, as gains in the Transport, Finance & Investment and Consumer Staples sectors led shares higher while losses in the Insurance, Telecoms and Real Estate & Construction sectors led shares lower.
At the close in Dubai, the DFM General declined 0.30%, while the ADX...
Prices of Arab and foreign currencies in Iraqi dinars on Tuesday:
US $ 1 = 1,166.9000 Iraqi Dinar
IQD 1 = US $ 0.0009
Sell a hundred dollars price = 128.900 Iraqi Dinars
The purchase price of a hundred dollars = 127.900 Iraqi Dinars
1 euro = Iraqi Dinar 1,284.8492
IQD 1 = 0.0008...
By Tom Finn DOHA
Gulf Arab states are pressing for an early deal on free trade with Britain to secure preferential arrangements after Brexit, and could have a draft agreement ready within months, Gulf officials say. Britain cannot formally sign trade agreements while it remains a member of the European Union, but the British...
The region’s wealthy forecast flat or declining economic performance this year.
More millionaires in the Gulf believe regional economic conditions are worsening in 2017 than last year, according to a new report.
Emirates Investment Bank said that 44 per cent of 100 high net worth individual respondents to its Gulf Wealth Insight...
The company has targeted numerous mergers and acquisitions, including Dubai’s Shuaa Capital.
Bahraini Islamic investment bank GFH Financial said on Saturday it had appointed a new chairman and would focus on acquiring financial institutions, infrastructure investments and other strategic assets.
Sheikh Ahmed bin Khalifa...
He replaces Mohammed Abdullah Al-Gergawi, who resigned as chairman of Dubai Holding last month to focus on his government role.
Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has appointed Abdulla Al Habbai as chairman of state-owned Dubai Holding.
Al Habbai will take...
China remained the emirate’s top trade partner
Dubai’s non-oil foreign trade fell for a second year running in 2016 as global and local issues impacted the economy.
Non-oil trade stood at Dhs1.276 trillion ($347.3bn) last year, down 0.55 per cent from the Dhs1.283 trillion ($349.3bn) seen in 2015 and 4.13 per cent from a 2014...
The central banks of Saudi Arabia, Kuwait and Bahrain increased their key policy interest rates on Wednesday after the US Federal Reserve hiked its rate.
The US Federal Reserve on Wednesday raised the benchmark interest rate a quarter point, noting that inflation is moving closer to the central bank’s two percent target.