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Tag Archives: stocks

Gulf economcis threatened by coronavirus

The coronavirus crisis, which has already battered oil prices, threatens to further undercut Gulf economies battling a downturn and struggling to wean themselves from a decades-old energy addiction. The six Gulf states — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates — count China as their main trading …

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Refined product stocks decline for Fujairah

Refined product stocks at the Middle Eastern hub of Fujairah sank by 7.1% to 20.027 million barrels in the week to Monday as middle distillate inventories fell to a three-month low, according to the Fujairah Energy Data Committee. Middle distillate stocks saw the sharpest decline, losing 24.8% to 3.05 million …

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UAE markets recover partly after slump

Source: Gulf News – The UAE markets rebounded on Wednesday after the oil triggered slump as traders picked up bargains ahead of the new year. The Dubai Financial Market General Index ended up 1.29 per cent at 3,774, recovering from the previous session’s more than 5 per cent decline. The …

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