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Market

Stocks pare losses after US data shock
Markets disappointed at 0.2% growth in Q1
Middle East funds bullish on oil rally
One major factor supporting investor sentiment in Gulf equities is oil.
Refining cushions fall in Shell’s Q1 profit
Shell is working hard to execute the BG deal as soon as possible before investors in BG start to take a more critical look at the terms amid a recent recovery in oil prices.
Oil dips on oversupply after Saudi reshuffle
Saudi reshuffles often move oil prices as stability in the world’s biggest oil-exporting country is key to global supplies.
Markets low ahead of earnings, Fed meeting
Greece gives hope deal will be concluded by May 9
Shares hit new high as Europe joins rally
China leads Asian equities to seven-year highs
Oil firms face further cuts as low prices linger
The industry is expected to reveal another set of grim earnings for the first quarter when benchmark Brent prices averaged $55 a barrel, almost half the level of a year ago.
China to make yuan more convertible
The liberalisation, revealed to Reuters on Friday by three sources with knowledge of the plan, underlines the ambition of the world’s second-largest economy to transform the yuan into a major global currency.
Zain Iraq applies for Baghdad share listing
“This is the first step in the process of Zain Iraq fulfilling its mobile licence obligations.”
Gulf stock markets face key test at 200-day averages
The Gulf markets tumbled below their 200-day averages in the final months of last year as the plunge in oil prices shattered retail investors’ confidence.
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