MIDEAST STOCKS-Saudi index retreats from multi-year peak; Gulf rivals also fall

* Petrochemicals and banks weigh on Saudi index * SHUAA Capital surges on merger talks * Banking shares fall in Abu Dhabi DUBAI, March 24 (Reuters) – Saudi Arabia’s stock market closed lower on Sunday, along with other Gulf markets, having ended the previous week at its highest in nearly four years after inclusion in the FTSE Russell’s emerging-market index. […]

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Senate breaks from Trump with Syria troop vote

WASHINGTON (Reuters) – The Republican-led U.S. Senate backed largely symbolic legislation on Monday that broke with President Donald Trump by opposing plans for any abrupt withdrawal of troops from Syria and Afghanistan. The Senate voted 70-26 in favor of a non-binding amendment, drafted by Republican Majority Leader Mitch McConnell, saying it was the sense of the Senate that Islamist militant […]

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Senate rebukes Trump, advances measure on Syria troops

WASHINGTON (Reuters) – In a rebuke of President Donald Trump, the Republican-led U.S. Senate advanced largely symbolic legislation on Thursday opposing plans for any abrupt withdrawal of troops from Syria and Afghanistan. The Senate voted 68-23 in favor of a non-binding amendment, drafted by Republican Majority Leader Mitch McConnell saying it was the sense of the Senate that Islamic militant […]

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MIDEAST STOCKS-ADCB-UNB merger weighs on Abu Dhabi, Saudi inches up

Jan 30 (Reuters) – Saudi Arabia’s stock market rose on Wednesday, bolstered by petrochemicals, while Abu Dhabi was pulled down by Union National Bank and Abu Dhabi Commercial Bank after announcing a three-way banking merger. Abu Dhabi’s index slid 0.5, with Abu Dhabi Commercial (ADCB) Bank losing 2 percent and Union National Bank (UNB) dropping 4.5 percent to its biggest […]

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