Tuesday 17 May 2016

MIDEAST STOCKS-Saudi, Dubai rise; Mobily up on waiver of loan breaches | Reuters

MIDEAST STOCKS-Saudi, Dubai rise; Mobily up on waiver of loan breaches | Reuters:

"Saudi shares rose early on Tuesday, lifted by firmer oil prices and news that Saudi Arabia's second-largest telecommunications operator Mobily had secured waivers from all its lenders on breaches of loan agreements.

Real estate stocks lifted the Dubai index.

Etihad Etisalat (Mobily) jumped 6.7 percent after it said lenders who had not already agreed in December to waive breaches in loan terms had now done so."



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