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Market

Adma-Opco starts oil production from Umm Lulu field
The Abu Dhabi Marine Operating Company, Adma-Opco, commissioned its Umm Lulu Phase-1 facilities and produced its first oil from the Umm Lulu Field on October 2, 2014.
Mideast shares decline as global gloom persists
Most stock markets in the Middle East continued to decline on Wednesday as global equities remained under pressure and disappointing quarterly earnings and forecasts weighed on bourses in Oman and Kuwait.
India property giant DLF plunges on trading ban
India’s biggest property developer DLF saw more than a quarter of its stock market value wiped out on Tuesday after financial regulators barred it from selling shares or bonds, alleging it sought to defraud investors.
Gold rally stalls as firmer dollar hits commodities
Gold edged lower on Friday as a rise in the dollar capped four days of gains, though the metal remained supported around the $1,220 level by the prospect of a widespread economic slowdown that could keep interest rates low.
Bahrain Bourse preparing Islamic product range: CEO
The exchange aims to host trading of sukuk (Islamic bonds), which at present is mostly done over the counter.
Europe up on US jobs
Hot dollar rally takes a break; Wall Street points to more gains
Interested in getting back into stocks? Do a little check on junk spreads first
A positive vibe returned to the US stock market on Friday, leaving some to wonder if, after two weeks of losses, the latest selloff scare was over.
US jobs data buoys stocks and dollar
Europe rebounds after being hit by ECB’s no-stimulus move
Merger of UAE bourses to take time in a ‘busy’ market
The planned merger of the UAE’s two main stock exchanges, home to the second-best performing share gauge in the world, will take more time to complete, according to a Dubai government official.
Emirates Reit to join FTSE Epra/Nareit global index
The FTSE European Public Real Estate Association (Epra) / National Association of Real Estate Investment Trusts (Nareit) Global Real Estate Index Series, launched in 2008, covers the world’s largest investment markets and includes a range of indices covering Emerging and Developed Markets.
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