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Monday, 20 June 2016

MIDEAST STOCKS-Gulf mostly firm, NBAD continues climb | Reuters

MIDEAST STOCKS-Gulf mostly firm, NBAD continues climb | Reuters:

"Most Gulf stock markets were firm in early trade on Monday while National Bank of Abu Dhabi (NBAD) continued to surge in response to its merger talks with First Gulf Bank.

Shares in NBAD climbed 7.6 percent after surging their 15 percent daily limit on Sunday, while FGB was down 2.7 percent after an 11.5 percent jump in the prior session. Many investors are assuming that any share swap in a merger would favour NBAD holders.

Other Abu Dhabi banks also rose sharply on Sunday on speculation about more potential mergers in the over-crowded banking sector, but that speculation eased on Monday. Abu Dhabi Islamic Bank fell back 3.9 percent after gaining 4.6 percent on Sunday."



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Full Show: Bloomberg Markets Middle East (06/12) - Bloomberg

Full Show: Bloomberg Markets Middle East (06/20) - Bloomberg:




"Full episode of "Bloomberg Markets Middle East." Guests include Sheila Shadmand, partner-in-charge Dubai at Jones Day and Jaap Meijer, managing director at Arqaam Capital. (Source: Bloomberg)"



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Is Oil Running Out of Steam? - Bloomberg

Is Oil Running Out of Steam? - Bloomberg:




"Oman Investment Fund Chief Economist Fabio Scacciavillani discusses the energy markets. He speaks with Manus Cranny and Rishaad Salamat on "Bloomberg Markets Middle East." (Source: Bloomberg)"



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