Emirates Telecommunications Grup Co PJSC

Most stock markets in the Gulf ended lower on Thursday, with the Saudi index underperforming, dragged down by losses in its financial shares. Saudi Arabia's benchmark index dropped 1.1%, with Al Rajhi Bank and petrochemical firm Saudi Basic Industries both sliding 3%. On...

Dubai and Abu Dhabi's stock markets retreated on Thursday, dragged down by firms that traded ex-dividend, while other major Gulf markets were steady in early trade.

Ethiopia expects to sell a minority stake in Ethio Telecoms within nine months and tendering for two new licences will start on Dec. 1, an adviser to the state minister of finance said, brushing off concerns that conflict will delay the plan.

The UAE and Israeli foreign ministers held their first publicly-acknowledged call on Sunday after the Gulf state opened telephone lines to Israel as part of a normalisation of ties.

* First business deal since accord signed on Saturday on COVID-19 (Adds ministerial meeting soon, context)

Telephone lines between the United Arab Emirates and Israel were open on Sunday, calls made by Reuters reporters showed, after the two countries moved to normalise diplomatic relations last week.

Major stock markets in the Gulf were subdued in early trade on Wednesday, with banking and real estate shares weighing on indexes in the United Arab Emirates.

Ethiopia’s communications regulator said on Friday it received twelve bids for the two telecom licences it plans to award to multinational mobile companies, breaking the state monopoly.

* Dubai allows foreign tourists to enter from July 7 * All Saudi Arabian banks tumble * QNB to raise 1.2 bln Chinese yuan in 5-year bonds By Ateeq Shariff June 22 (Reuters) - The Dubai stock market advanced on Monday after the emirate said it would allow tourists to enter...

Despite coronavirus lockdowns hitting global supply chains and construction projects, telecommunication firms have continued to contract equipment from Chinese technology giant Huawei [HWT.UL], Finland's Nokia <NOKIA.HE> and Sweden's Ericsson <ERICb.ST> to build fifth-generation...

Gulf markets slipped on Sunday as states began to lift coronavirus lockdowns, despite concerns among some health officials about a second wave of infections.

Egypt's stock market fell on Thursday in response to the country's slower growth rate and poor quarterly profit reported by investment bank EFG Hermes

* 27 of 30 Egyptian stocks decline * FAB rises after suspending Egyptian deal * Etisalat CEO resigns * NCB extends gains on earnings * Saudi Aramco snaps winning streak By Maqsood Alam May 20 (Reuters) - Egyptian shares fell sharply on Wednesday amid the tightening of coronavirus...

* Aramco registers sixth consecutive daily gain * All Saudi banks in positive territory * Aldar edges higher ahead of quarterly earnings By Maqsood Alam May 19 (Reuters) - Major Middle East stock markets closed higher on Tuesday, tracking a rise in global equities and a...

* Aramco closes at 31.95 riyals * NCB, Riyad Bank gain on earnings * Air Arabia rises despite lower Q1 profit * DFM sees sharpest intraday rise in over a decade By Maqsood Alam May 17 (Reuters) - Saudi Arabian stocks rose sharply on Sunday buoyed by jump in oil prices and...

Major Gulf stock markets opened higher on Sunday amid rising oil prices, with Saudi Arabia getting an additional boost from corporate earnings.

Saudi Arabian stocks rose in early trade on Sunday led by banks, mirroring Friday's gains in oil prices, while Dubai was pressured by losses in property stocks.

* Nine of 11 Saudi banks decline * Thob Al Aseel gains on contract * Air Arabia cuts 57 jobs By Ateeq Shariff May 6 (Reuters) - Major stock markets in the Gulf ended lower on Wednesday as doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions...

Most major bourses in the Gulf fell sharply on Sunday with Saudi Arabia falling the most, mirroring Friday's slide in global shares after President Donald Trump's revived threat of new U.S. tariffs against China dampened risk appetite.