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Market

Former CEO 
of Arabtec trims stake
Arabtec’s former boss has sold about $4 million worth of shares in the group this week, cutting his stake slightly, stock exchange data showed.
Saudi Arabia pushes reforms with opening of stock market
Plans to open $550b market to direct investment by foreigners
Global stocks bolstered by US earnings, home sales
Global stocks mostly rose on Wednesday, bolstered by solid US earnings and home sales as tensions between Russia and the West over Ukraine eased.
World stocks weak as pressure on Russia grows
World stock markets remained on the back foot on Monday as tensions grew between Russia and the West over the downing of an airliner in eastern Ukraine.
Oil steadies around $107 on Iran talks
Brent crude oil steadied around $107 a barrel on Monday after big powers extended talks with Iran and eased sanctions on the Islamic republic slightly, opening up the possibility of an eventual deal and higher Iranian oil sales.
Gold above $1,300/oz on lower shares
Gold steadied above $1,300 an ounce on Monday, as European shares weakened and political tensions simmered after the downing of a Malaysian airliner in eastern Ukraine last week and incessant fighting in Gaza.
Morgan Stanley rebuilds in commodities trading
After more than a year of scaling back in commodities, Morgan Stanley is ready to expand.
Ukraine and Gaza hit world stocks
Oil rises to around $108 while gold dips after spike on Malaysian plane crash.
DFM’s net profit trebles in first half
Compared to Dh96.5 million during the corresponding period of 2013, net profit for this year first half recorded a surge of 384 per cent.
BES, dive in German sentiment hit stocks
US Federal Reserve Chair Janet Yellen was to testify to Congress on monetary policy later yesterday. A surprise jump in British inflation in June sent sterling higher and gilts lower.
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