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Top related persons:
Joe Biden - 1 Hamad I Mohammed - 1 Brent - 1 Masraf Al Rayan - 1 Fawaz Abdulaziz Alhokair Co - 1 Md Manzer Hussain - 1 Kirsten Donovan - 1
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Bahrain Bourse - 1 U.S - 1 REUTERS - 1 OPEC - 1 Qatar - 1 Saudi Telecom - 1 Human Resources - 1 Commercial International Bank - 1

Search resuls for: "Masraf Al Rayan"


5 mentions found


☆ Gulf bourses mixed as China pessimism offsets higher oil prices
  + stars: | 2023-11-12 | by ( Md Manzer Hussain | ) www.reuters.com   time to read: +1 min
REUTERS/Hamad I Mohammed/ File Photo Acquire Licensing RightsNov 12 (Reuters) - Gulf stock markets put in a mixed performance on Sunday as higher oil prices were offset by worries of faltering demand from China, the world's top crude importer. Oil prices - a major driver of Gulf financial markets - rose about 2% on Friday as Iraq voiced support for OPEC+ oil cuts ahead of a meeting of the group on Nov. 26. The retailer reported a third-quarter net loss of 202.9 million riyals ($54.1 million) compared to a net profit of 21.1 million riyals a year earlier. Outside the Gulf, Egypt's blue-chip index (.EGX30) fell 1.7%, with Commercial International Bank (COMI.CA) down 2.5% and Misr Fertilizer (MFPC.CA) losing 4.6%. However, Credit Agricole Egypt (CIEB.CA) gained 3.7% as the lender reported a 121% jump in third quarter consolidated net profit.
Persons: Joe Biden, Hamad I Mohammed, Brent, Masraf Al Rayan, Fawaz Abdulaziz Alhokair Co, Md Manzer Hussain, Kirsten Donovan Organizations: Bahrain Bourse, U.S, REUTERS, OPEC, Qatar, Saudi Telecom, Human Resources, Commercial International Bank, Misr, Agricole Egypt, Thomson Locations: Bahrain, Manama, China, Iraq, Saudi
☆ Saudi leads most Gulf bourses higher; Egypt down
  + stars: | 2023-03-19 | by ( Md Manzer Hussain | ) www.reuters.com   time to read: +2 min
March 19(Reuters) - Saudi Arabia's stock market closed higher on Sunday to outperform the Gulf region, amid expectations of a lower interest rate hike by the U.S. Federal Reserve in the aftermath of the collapse of two big regional banks. Most Gulf currencies are pegged to the U.S. dollar, while Saudi Arabia, the United Arab Emirates and Qatar usually mirror U.S. monetary policy changes. Saudi Arabia's benchmark index (.TASI) ended its five sessions losing streak, jumping 1.8%, the highest intraday rise since Dec 13. The index heavyweight Islamic banks Qatar Islamic Bank (QISB.QA) and Masraf Al Rayan (MARK.QA) rose 1.9% and 3.2% respectively. Outside the Gulf, Egypt's blue-chip index (.EGX30) dropped 0.2%, extending its looses into a sixth sessions.
☆ Islamic Bank Fined in U.K. for Anti-Money-Laundering Violations
  + stars: | 2023-01-12 | by ( Dylan Tokar | ) www.wsj.com   time to read: +2 min
Al Rayan Bank, the U.K.’s largest Islamic bank, will pay £4 million, equivalent to about $4.9 million, for failing to maintain sufficient money-laundering protections, regulators said Wednesday. The regulator on Tuesday imposed a £7.6 million fine on Guaranty Trust Bank UK Ltd., the U.K. subsidiary of Nigerian bank Guaranty Trust Bank PLC, for failing to undertake customer risk assessments. PREVIEWAl Rayan is a subsidiary of Masraf Al Rayan, Qatar’s second largest bank by market value. After an inspection by the FCA in 2017, Al Rayan agreed not to take on additional high-risk customers. Al Rayan received a 30% discount off its fine for agreeing not to dispute the regulator’s finding, the FCA said.
☆ Saudi, Qatar ends higher as China scraps COVID curbs
  + stars: | 2023-01-08 | by ( Shamsuddin Mohd | ) www.reuters.com   time to read: +1 min
Jan 8 (Reuters) - The Saudi and Qatari stock markets finished higher on Sunday after China scrapped COVID curbs, bolstering expectations of a demand recovery in the world's second-largest economy, while Egypt and UAE markets were closed. Meanwhile world's top crude exporter, Saudi Arabia, lowered prices for the Arab light crude it sells to Asia to its lowest since November 2021 amid the global pressures hitting oil. Saudi Arabia's benchmark index (.TASI) edged up 0.1% led by a 2.6% jump in state-owned mining company Saudi Arabian Mining Co(Ma'aden) (1211.SE). The benchmark stock index in Qatar (.QSI) gained 1.4%, supported by its Industrial and financial stocks as petrochemical maker Industries Qatar (IQCD.QA) jumped 3.1% while lender Masraf Al Rayan (MARK.QA) was up 2.5%. ($1 = 3.6580 Qatar riyals)($1 = 3.7580 riyals)Reporting by Shamsuddin Mohd in Bengaluru, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
☆ Most Gulf markets retreat on falling oil prices
  + stars: | 2022-10-24 | by ( Ateeq Shariff | ) www.reuters.com   time to read: +3 min
Oct 24 (Reuters) - Most stock markets in the Gulf fell on Monday with lower oil prices, although the Saudi index erased early losses to close higher. Crude prices, a key catalyst for Gulf markets, slid after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption. In Abu Dhabi, the index (<.FTFADGI>) dropped 0.5% with the country's biggest lender First Abu Dhabi Bank (<FAB.AD>) down 0.6%. The Dubai stock market is seeing some volatility while global sentiment remains uncertain, said Wael Makarem, senior market strategist at Exness. Outside the Gulf, Egypt's blue-chip index (<.EGX30>) gained 0.6%, led by a 2.5% rise in Commercial International Bank Egypt (<COMI.CA>).
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