The Abu Dhabi Securities Exchange (ADX) ended the day down by 1.04% after slow losses throughout the day, closing at 2,920.14. Abu Dhabi National Hotels posted the biggest rise, going up by 4.40% to Dhs4.67. Four stocks rose,... [read full story]
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Saudi Arabia's Tadawul All Share Index (Tasi) closed down 1.5% on its second day of trading, at 6,255.80. Saudi Kayan was the most active stock by value, but also registered the day's largest drop, going down 7.49% to SR17.90.
The Dubai Financial Market (DFM) closed at 2,123.26, going up by 1.22%. Fifteen stocks rose, 10 fell and five remained unchanged. Mazaya posted the biggest gains of the day, climbing 14.81% to Dhs3.10. Alfirdous fell the...
The Abu Dhabi Securities Exchange (ADX) began the week on a high, rising by 0.74% to 2,941.72. Twenty-one stocks rose, while seven fell and seven held steady. Sorouh, Aldar and RAKProperties were all among the top five most...
Motorola Home and Networks Mobility business has announced that it has shipped its 10,000th 802.16e WiMAX Access Point base site. The group said that this shipment represented over 40% compound annual growth rate since...
Kuwait-based luxury goods retailer, Habchi & Chalhoub Group has opened Kuwait's first S. T. Dupont store at the Avenues Mall, Al-Watan Daily has reported. With stores in Qatar, Dubai, Bahrain and Saudi Arabia, the group has...
Seiichi Otsuka, the Japanese consul general in Dubai has said that Japanese construction firms are owed billions of dollars on projects which include the Dubai Metro and Palm Island, The National has reported. A consortium led...
According to a report by Kuwait Finance House, the country's real estate market, especially the investment property sector, is gradually recovering with high demand by investors looking to achieve regular revenues, Kuna has...
Bharat Sanchar Nigam Ltd (BSNL), India's state telecoms firm, has said should talks by a consortium of which the Indian firm is a member fail, it would directly engage Kuwait's Zain in order to purchase a stake, Reuters has...
Saudi Arabia has said it will not bar anyone considered high-risk for swine flu from performing the hajj pilgrimage this year, while urging pilgrims to take necessary precautions, the Associated Press has reported. 'Saudi...
According to the Country Brand Index, compiled by brand consultancy FutureBrand, The UAE, is one of three nations likely to become top tourism destinations in the next five years, Emirates Business has reported. China and...
