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Petchems, banks support Saudi, Qalaa surges in Egypt

Reuters Stock markets in the Middle East were mixed in narrow ranges on Sunday, with banks and petrochemicals supporting Saudi Arabia while Qatar edged down to a fresh 18-month closing low. The Saudi index rose 0.2 percent. All but two of the 14 listed petrochemical shares advanced after a pick-up in oil prices at the end of last week, with ...

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Oil denies Saudi biggest regional stock market tag

Bloomberg Oil has denied Saudi Arabia the opportunity to overtake South Africa as the biggest stock market in the Middle East and Africa, even as political turmoil and a faltering economy hold back share prices in Johannesburg. The total market capitalisation of the South African bourse was $489 billion, about $25 billion more than that of Riyadh’s after its main ...

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White House considering at least six for Federal chair

Bloomberg The White House is considering more than a half-dozen candidates to be the next head of the Federal Reserve, including economists and business people, with a goal of filling out a depleted board with expertise ranging from financial regulation to community banking, according to three people familiar with the matter. The breadth of the search goes against the narrative ...

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