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Perfume makers set for more growth
The market is projected to reach Dhs 1.12 billion by 2017, according to Euromonitor.
Double whammy
China regulatory crackdown, Bloomberg outage hit stocks.
Dubai shares jump 3.5%
Dubai’s index jumped 3.5 per cent — its biggest gain in 10 weeks — to 4,080 points, its highest mark since early December. Trading volume was the highest since last July.
Saudi Arabia to open stock market to FDI on June 15
Fund managers believe tens of billions of dollars will eventually enter the country as a result; Saudi Arabia is the Arab world’s biggest stock market and one of its most diverse.
Dubai stocks rise to two-month high
Saudi Arabia jumps on first quarter results and oil
Oil supply boost to defer market tightening: IEA
The agency raised its forecast for global oil demand growth in 2015 for a second consecutive month, citing strong pockets of consumption in Europe, India and the United States.
Sebi comes under fire over IPO bottleneck
India’s stock market has soared, touching record highs last month. It was Asia’s second-best performer last year, thanks largely to more than $16 billion of foreign investment.
Qatar launches first Chinese yuan clearing hub in Middle East
Industrial and Commercial Bank of China’s (ICBC) Doha branch is the clearing bank for the centre, which intends to serve companies from around the Middle East.
DGCX to set date for spot gold launch
The exchange is still in talks with a local bank about the contract.
Indian farmers trim gold purchases, threatening rebound in prices
A downturn in Indian demand could hit global gold prices already struggling to rebound with a looming hike in US interest rates and slower demand from No.2 consumer China.
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