BUZZ: Shares of Dubai-listed Drake & Scull sink 9.9%-continued

July 3, 2018--Shares of Drake & Scull sink 9.9 percent in early trading to 0.61 dirhams ($0.16).
The stock is down around 27 percent so far this week and 73 percent in the year to date, making it one of the worst performing stocks on the Dubai index.
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Middle East ETP News
Saudi Arabia: Staff Concluding Statement of the 2019 Article IV Mission
May 15, 2019--Economic reforms have started to yield positive results. Non-oil growth has picked-up, female labor force participation and employment have increased, the successful introduction of the value-added tax has underpinned an increase in non-oil fiscal revenues, energy price reforms have helped reduce per capita consumption of gasoline and electricity, measures have been introduced to compensate low and middle-income households for the higher costs resulting from reforms, and fiscal transparency has increased.
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Mideast Stocks: Abu Dhabi down 3.6% in early trade, Dubai index rebounds
May 14, 2019--Dubai and Abu Dhabi stock markets suffered their biggest single-day decline in years on Monday after several commercial ships were attacked off the coast of the United Arab Emirates.
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Mideast Stocks: Saudi Arabia rebounds following deep sell-off, FAB weighs on Abu Dhabi
May 14, 2019-- Saudi Arabia's stock index rose on Tuesday, rebounding after a sell-off triggered by news of oil tankers being attacked off the coast of the United Arab Emirates, while Abu Dhabi dropped to its worst day in more than three years, pressured by First Abu Dhabi Bank.
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Mideast Stocks: Saudi market edges higher in choppy trade after drone attacks
May 14, 2019--Saudi Arabia's stock market was choppy on Tuesday after an announcement by the government on armed drones attacking oil pumping stations in Riyadh wiped out early gains.
Saudi stocks nudged higher, then went into reverse and closed up just 0.1 percent.
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Dubai equities go from 'worst' to 'best' in a day
May 14, 2019--Tuesday was a day of fluctuating fortunes for the UAE and Gulf equity markets, as the news of Saudi Arabia's inclusion in MSCI cheered investors, but the geopolitical tension and attack on Saudi oil stations prompted a sell-off.
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Mideast Stocks: UAE markets down on regional geopolitical tensions
May 13, 2019--The Dubai index was down 1.5% and Abu Dhabi's index was down 1.7% in early morning trade.
Stocks in the United Arab Emirates fell sharply in early trade on Monday amid rising geopolitical tensions after the UAE said that four commercial vessels were hit by sabotage near the emirate of Fujairah on Sunday.
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Mideast Stocks: Saudi, Dubai stocks lead losses after tanker attacks
May 13, 2019--Saudi stocks suffered their biggest intraday decline since mid-October on Monday after Riyadh said two of its oil tankers were among those targeted in attacks on commercial vessels near United Arab Emirates.
Other Gulf markets were also in the red, with Dubai index plunging 2.8% and Abu Dhabi index falling by 2.5%.
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Mideast Stocks: Trade tensions, weak oil pressure most major Gulf markets
May 9, 2019--The Abu Dhabi and Dubai stock markets dropped sharply on Thursday, affected by global trade tensions and falling oil prices, which sent most Middle Eastern bourses sliding.
The Abu Dhabi index fell 1.4 percent, declining for the sixth straight session, with Abu Dhabi National Hotels plunging 7.4 percent and Abu Dhabi Commercial Bank (ADCB) sliding 5 percent.
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Mideast Stocks: Global trade tensions, Ramadan dent appetite for Gulf stocks
May 8, 2019--The Egyptian blue-chip index slid sharply to its worst day in six months on Wednesday, mirroring weak global sentiment, while Saudi Arabia's index fell, pressured by global tensions and investors retreating from markets during the Muslim holy month of Ramadan.
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Blockchain in energy market to top $3bln by 2025: report
May 8, 2019--Rising security concerns of grids & networks on account of increasing interconnection and digitalization will drive the blockchain technology in energy market growth.
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Mideast Stocks: Oil, geopolitical tensions weigh on Saudi; most Gulf markets down
May 7, 2019--Saudi Arabia's stock market fell on Tuesday for the fourth straight day, weakened by a combination of lower oil prices and geopolitical tension in the Middle East, while Egypt's blue-chip index was buoyed by its largest lender.
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GCC Capital markets: Slowly but surely
May 7, 2019--2018 closed encouragingly for the GCC as it witnessed five IPO listings raising over $1 billion in the last quarter of the year. However, positivity dipped a little at the start of 2019 with only one IPO floated for the first quarter, compared to four IPOs worth $430 million, in the first quarter of 2018.
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Mideast Stocks: Saudi hit by profit-taking, financials drag major Gulf markets
May 6, 2019--Saudi Arabia's stock market fell on Monday to its lowest point in eight months, hurt by profit-taking in its banks, while most major Middle Eastern markets also slid sharply.
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Mideast Stocks: Gulf reverses earlier gains on profit-taking, volumes thin
May 5, 2019--Middle East stock markets reversed earlier gains and closed in negative territory on Sunday, hit by profit-taking and disappointing quarterly results from some companies, with trading thin ahead of Ramadan.
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GCC markets achieve a positive performance in April
May 4, 2019--The GCC markets saw a positive performance during April, as the S&P GCC Index gained 4.4%, compared to 2.3% in March, Kuwait Financial Centre (Markaz) reported on Saturday.
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Saudi Arabia's non-oil economy showing positive outlook
May 4, 2019-— Recent data show that Saudi Arabia's non-oil economy is growing with a positive outlook, according to Bloomberg.
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IMF Staff Concludes Visit to the United Arab Emirates
May 2, 2019-The UAE economy continued to adjust last year, but green shoots are now emerging, with domestic credit growth, employment, and tourist arrivals showing improvement.
The economy may now be at a turning point, supported by public well as by external tailwinds.
Sustaining rapid growth after Expo 2020, and without policy stimulus, will require capitalizing on new growth drivers which in turn will require enhanced structural reforms.
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Mideast Stocks: Qatar hits 3 month high, financials weigh on Abu Dhabi
May 2, 2019--Qatar's stock market closed at a three-month high on Thursday, buoyed by drilling rig provider Gulf International Services, while the Abu Dhabi index was pressured by financial shares.
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Four new investors per day: Record foreign investment in Q1 of 2019 for Saudi Arabia
May 1, 2019--70% increase from foreign investors when compared to Q1 2018
: Four new investors have set up companies in Saudi Arabia per day in the first quarter of 2019, the Saudi Arabian General Investment Authority (SAGIA) has revealed.
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Revenues boost Saudi Arabia's Q1 budget, expenditure up 8%
May 1, 2019--Saudi Arabia posted a surplus of 27.8 billion riyals ($7.41 billion) in the first quarter of this year, its first since 2014 and boosted by both oil and non-oil revenues.
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Dubai Gold & Commodities Exchange records best April since inception
May 1, 2019--The Dubai Gold & Commodities Exchange (DGCX) achieved its best April performance since inception, with overall volumes reaching 1,696,877 contracts, valued at $32.29 billion.
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Mideast Stocks: Bank dents Abu Dhabi as cement makers strengthen Saudi index
April 30, 2019--The Abu Dhabi stock market fell sharply on Tuesday, dragged down by First Abu Dhabi Bank (FAB), while the Saudi index was lifted by its cement producers.
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Mideast Stocks: Profit-taking hits UAE markets, Saudi inches up
April 29, 2019--Abu Dhabi's stock market slid on Monday, affected by profit-taking and a sell-off in its financial shares, while Saudi Arabia was the only major Gulf market to rise.
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Mideast Stocks: Saudi Arabia up on banks, other Gulf shares lower
April 28, 2019--Dubai's stock index was flat with Dubai Islamic Bank up 0.4 percent and Air Arabia down 1.94 percent Stocks in Saudi Arabia gained on Sunday after lenders such as Riyad Bank1010.SE rose due to strong earnings, while markets across the rest of the Gulf region traded lower.
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Mideast Stocks: Falling oil prices weigh on Gulf stocks
April 28, 2019--Stocks closed lower across the Gulf on Sunday with markets overshadowed by a fall in oil prices.
Saudi stocks eked out some early gains then went into reverse, closing 0.1 percent lower.
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