Ateeq Shariff

4 days ago | reuters.com | Ateeq Shariff

Investors speak in front of a screen displaying stock information at the Abu Dhabi Securities Exchange, United Arab Emirates, June 25, 2014. REUTERS/Stringer/File Photo May 11 (Reuters) - Most stock markets in the Gulf edged higher on Sunday as U.S.-China resumed talks in Geneva aimed at cooling the trade war that threatens to seriously damage the global economy. Senior U.S. and Chinese officials met again on Sunday in Geneva, Reuters reported citing two sources familiar with the situation.

1 week ago | reuters.com | Ateeq Shariff

A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed/File Photo May 8 (Reuters) - Stock markets in the Gulf ended mixed on Thursday on corporate earnings announcements, while investors awaited the outcome of U.S.-China trade talks this weekend.

1 week ago | zawya.com | Ateeq Shariff

Stock markets in the Gulf ended mixed on Thursday on corporate earnings announcements, while investors awaited the outcome of U.S.-China trade talks this weekend. U.S. President Donald Trump on Wednesday suggested China initiated the trade talks, adding he was not willing to cut U.S. tariffs on Chinese goods to get Beijing to negotiations. Treasury Secretary Scott Bessent said the upcoming talks were a start, not 'advanced' discussions.

1 week ago | zawya.com | Ateeq Shariff

Major stock markets in the Gulf were mixed in early trade on Thursday on earnings results, while investors awaited the outcome of U.S.-China trade talks this weekend. U.S. President Donald Trump on Wednesday suggested China initiated the trade talks, adding he was not willing to cut U.S. tariffs on Chinese goods to get Beijing to negotiations. Bessent said the upcoming talks were a start, not 'advanced' discussions.

1 week ago | zawya.com | Ateeq Shariff

Most stock markets in the Gulf closed lower on Wednesday following a string of lacklustre corporate earnings, while focus was also on U.S.-China trade negotiations and the Federal Reserve's policy decision. Saudi Arabia's benchmark index fell 0.3%, weighed down by a 1% fall in Al Rajhi Bank and an 8.3% plunge in Mobile Telecommunications Company. The telecom firm missed analysts' first-quarter profit estimates.