Middle East

07/08/2008  11:50 AM
The Tadawul in Saudi Arabia declined sharply today, falling 2.3%. It lost all gains from the past two months, as markets around the Gulf suffered. Only Muscat rose, while Bahrain closed unchanged. The Abu Dhabi Securities Exchange fell 0.81%, Doha ... (full story)

07/08/2008  07:02 AM
The Dubai Financial Market on Tuesday lost 21.86 points, or 0.41%, to close on 5,362. Gulf Finance House had the day's biggest loss, down 14.50%. Meanwhile, the Abu Dhabi Securities Index dipped 40.80 points, or 0.81%, to end the day on 5,001. (full story)

07/08/2008  06:26 AM
The Dubai International Financial Exchange (DIFX) welcomed the listing today of the ordinary shares of Damas International Ltd., the international jewellery retailer, following its initial public offering. Damas raised $270.6m from institutional ... (full story)

Africa Financial News

07/08/2008  05:38 AM
(Arabic) SAFCO Q2 profits up 125% at SAR1.2 billion. (full story)

07/08/2008  05:03 AM
Over dlrs 804.4 million worth of petrochemical products have been exported abroad in the first quarter of the current Iranian year (started March 20). (full story)

07/08/2008  04:27 AM
A wholly-owned subsidiary of Abu Dhabi National Energy Company (Taqa) has purchased Shell and Esso Oil's production assets in the North Sea with the fields' average daily oil production in the region of 40,000 barrels per day, Taqa said on Monday. (full story)