Lebanon budget plan calls for 12.7% increase ...
Lebanon's draft budget for next year, which calls for a 12.7% increase in expenditure, has been forwarded by the ministry of finance to the cabinet, Bloomberg has reported. The budget aims to reduce t ... |
Industrials lift Qatar bourse by 0.41%
The Qatar Exchange (QE) finished 0.41% higher at 7,453.73 points amid advances in the industrial sector. Qatar Fuel added 1.32%, closing at a five-month high at QR184.10. Insurance firms posted minor ... |
UAE considers indirect taxes as source of inc ...
A senior economist at Standard Chartered has claimed that the UAE is focusing on raising indirect taxes and resisting directly taxing its residents as the emirate tries to recover from last year's bur ... |
Kuwait inflation reaches 3.4% in June
The National Bank of Kuwait has reported the country's inflation rate rose by 0.5% in June to 3.4% from 2.9% in May, Kuna has reported. The inflation rate is expected to remain stable at well below 4% ... |
Qatar Exchange dips slightly ahead of Eid hol ...
The QE Index ended 0.18% lower at 7,422.96 points mainly due to minor losses in the insurance sector. The Management of QE would like to inform the investors and market participants that Qatar Exchang ... |
Zain Telecom shares recover further
The Kuwait stock market KSE gained 0.38%, finishing at 6,753.4 points, despite oil prices dipping by 1.55% on Tuesday. Share of the GCC's third largest telecom giant Zain added 1.6% (at KD1.260) while ... |
DP World shares hit $0.50
In line with the general bullish sentiment in the GCC, shares of Dubai Ports (DP) World gained one percent, closing at $0.50 on low trading volumes. Dubai-based Jewelry trader Damas ended flat at $0.1 ... |
Dubai market bullish ahead of Eid
The DFM Index surged 1.49% to 1,592.24 points ahed of Eid ul-Fitr. The DFM will remain closed from Wednesday until the fourth day of the Islamic month of Shawwal. Emaar Properties, the most liquis sto ... |
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