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Two Saudi telcos stocks surge, Abu Dhabi’s Eshraq rebounds

  DUBAI / Reuters Two Saudi Arabian telecommunications stocks surged on Monday on hopes that troubled operators have finally turned the corner, while Abu Dhabi real estate firm Eshraq was helped by a plan to tie up with state fund Mubadala. The Saudi stock index edged up 0.1 percent as Zain Saudi jumped 8.9 percent and Etihad Etisalat (Mobily) added ...

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Dollar drops as treasuries steady

  Bloomberg The dollar fell and Treasuries held gains as soft inflation data from the US continued to feed into markets after the holiday weekend. US stocks edged higher as upbeat economic data from China offset lingering geopolitical concerns. The S&P 500 Index rebounded from a weekly drop, though trading was light, with many key markets still shut for Easter. ...

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Saudi privatisation drive to list 100 entities, predicts HSBC

  DUBAI / Reuters Saudi Arabia’s privatisation drive is likely to result in around 100 new stock market listings in sectors including mining, healthcare and retail, a top HSBC executive said on Monday. Georges Elhedery, HSBC’s chief executive for the Middle East and North Africa, did not give a time frame for the listings but said they were part of ...

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