Tag Results “Markets”

Abu Dhabi conglomerate IHC eyes deals worth ‘a few billion dollars’, CEO says

Abu Dhabi conglomerate International Holding Co is considering acquisitions worth a few billion dollars in total across several sectors, including a ...

24 August ,2021 Financial Markets

Kuwait’s ports services firm JTC eyes private placement, listing

Jassim Transport & Stevedoring Co, a ports and logistics services firm, said on Saturday it had initiated a private placement last month to increase ...

03 July ,2021 Financial Markets

Bitcoin slumps 14 percent as pullback from record gathers pace

Bitcoin, the world’s biggest cryptocurrency, fell as much as 14 percent to $51,541 on Sunday, reversing most of the big gains it made over the past ...

18 April ,2021 Financial Markets

GameStop weighing stock offering to fund company transformation

GameStop is considering selling some of its shares, a move that would enable the video-game retailer to capitalize on the massive surge in its stock ...

24 March ,2021 Financial Markets

Shares in Egypt’s SODIC jump 7 percent after stake offer from UAE's Aldar Properties

Shares in Egyptian real estate company SODIC rose 7 percent at the market open on Sunday, Refinitiv data showed, following a majority stake offer from ...

15 March ,2021 Financial Markets

GameStop shares jump 20 percent, on track for fifth straight day of gains

Shares of GameStop jumped on Tuesday for the fifth straight day, as the meme stock rally that began earlier this year got more juice on news about the ...

09 March ,2021 Financial Markets

Dubai investment app offers new users free stock, CEO talks Gamestop, Robinhood

A new United Arab Emirates-based investment platform is enticing users with free stock today after securing $1 million in pre-seed funding.Dubai’s ...

09 March ,2021 Technology

UAE's Etisalat increases profit by $224mln in 2020

The United Arab Emirates’ telecommunications company Etisalat increased profit by $224 million (AED821 million) to $2.8 billion (AED10.3 billion) in ...

23 February ,2021 Gulf

Bitcoin slides 6 percent to below $55,000

Bitcoin fell more than 6 percent on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite.For ...

22 February ,2021 Financial Markets

Saudi sovereign wealth fund PIF boosts US equities exposure to nearly $12.8 bln

Saudi Arabia’s sovereign wealth fund has increased its holding of US stocks to nearly $12.8 billion in the fourth quarter from $7 billion in the third ...

16 February ,2021 Economy

Bitcoin hits fresh record high, last up 3.5 percent to $38,133

Bitcoin has hit a new high of $38,133 on Thursday after its January 4 dip threatened an end to a staggering rally.For the latest headlines, follow our ...

07 January ,2021 Economy

Oil set for 20 percent drop in 2020 as lockdowns weigh, market eyes more stimulus

Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralyzed much of the global economy, but ...

31 December ,2020 Energy

Oil prices hit nine-month high after inventory draw

Oil climbed to a nine-month high on Thursday after government data showed a fall in US crude stockpiles last week, while progress towards a US fiscal ...

17 December ,2020 Energy

Markets