US stocks open higher and are on track to record weekly gains

2023-11-17 15:21:20 Noha Makram – Live – The majority of US stocks opened higher today, Friday, adding to their strong gains during the week, against the backdrop of retail sales updates and a decline in oil, which Wall Street sees as signs of a slowdown in the economy. The S&P 500 index rose by approximately … Read more

The Dubai Stock Exchange gains 8.4 billion dirhams within a week

2023-11-17 12:10:40 Ahmed Al-Demerdash – Mubasher: UAE financial market indices rose at the end of the week’s trading, amid increasing investor bets that the Federal Reserve has reached the end of its monetary tightening cycle, putting pressure on the dollar and Treasury bond yields. According to UAE financial market data, the Dubai Financial Market recorded … Read more

US stocks rise on positive inflation data

2023-11-15 15:52:41 Noha Makram – Live – US stocks rose on Wednesday, as traders attempted to continue the previous session’s strong gains on the back of more positive inflation data. The Dow Jones Industrial Average rose by 145 points, or 0.4%, the S&P 500 rose by 0.5%, and the Nasdaq rose by the same amount. … Read more

Standard & Poor’s confirms Al Ahlia Insurance’s rating

2023-11-13 05:39:35 Kuwait – Mubasher: Standard & Poor’s Credit Ratings Agency confirmed the rating of Al-Ahlia Insurance Company at “A-” with a stable future outlook, which indicates the company’s financial strength and its ability to meet its financial obligations. According to a statement on the Kuwait Stock Exchange today, Monday, the future outlook reflects the … Read more

Financial and industrial stocks rise in the Muscat index

2023-11-06 10:57:16 direct: The main index of the Muscat Stock Exchange, “Muscat 30,” rose by 0.82 percent at the end of trading on Tuesday, closing at 4,560.94 points, gaining 36.97 points from its levels in yesterday’s session, Monday. Today, the financial and industrial sector indices rose. The former rose 0.69 percent, driven by a rise … Read more

Oil ends a losing streak that extended for 3 sessions

2023-11-02 19:39:09 Direct: Oil prices rose at the end of trading on Thursday, with the dollar index declining after the Federal Reserve fixed interest rates, which increased the attractiveness of the commodity and enhanced expectations of demand for crude. Brent crude futures for January delivery rose by 2.6%, equivalent to $2.22, at $86.85 per barrel, … Read more

Oil rises 2% as the conflict continues in the Middle East

2023-11-01 15:41:18 direct- Brent crude prices jumped by about 2% today, Wednesday, ahead of meetings of central banks around the world this week, including the Federal Reserve, while markets closely await developments in the conflict in the Middle East. Brent crude futures rose $1.68, or 0.2%, to $86.70 per barrel, at 10:08 ET, while West … Read more

Fortune Arabia: 32 Emirati companies on the list of the 100 most profitable companies

2023-11-01 07:49:40 Abu Dhabi – Mubasher: Fortune Arabia announced the launch of the Fortune Arab 500 list for the year 2023, which includes the 500 largest companies in the region in terms of annual revenues. According to the statement issued yesterday, Tuesday, Emirati companies registered the largest number of companies on the list of the … Read more