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Showing posts with label Gulf. Show all posts
Showing posts with label Gulf. Show all posts

Dubai up most in 2-months; Egypt drops

Gulf stocks mkt
DUBAI: Dubai shares advanced the most in more than two months, leading gains in Gulf markets, as oil climbed to the highest year-end price since 2007. Egypt’s benchmark retreated as a bomb killed 21 people yesterday. Dubai Investments, which owns stakes in more than 40 companies, soared the most since Sept. 19. Drake & Scull International, the Dubai-based engineering contractor, rose for a fifth day
1,668.27 at the 2 pm close in the emirate. The measure lost 9.6 per cent in 2010. Abu Dhabi’s ADX General Index increased 0.8 per cent.

Iran claims shot down spy planes in Gulf

TEHRAN: Iran has shot down two unmanned western reconnaissance drone aircraft in the Gulf, a senior Revolutionary Guards commandertold the semi-official Fars news agency on Sunday.
“Many spy planes and advanced planes of our enemies have been shot down (by our forces) … We have also shot down two spy planes in the Persian Gulf,” said commander Amir Ali Hajizadeh. “But it is the first time we are announcing it.” He did not say when the hostile aircraft had been shot down, but described them as “western drone reconnaissance” aircraft.
Iran is at odds with major powers over its nuclear activities, which the United States and its allies suspect are intended to enable Iran to produce nuclear bombs. Iran denies the allegations and says it wants only to generate electricity. The United States and Israel, Iran’s main foes, do not rule out military action if diplomacy fails to end the nuclear row. -Reuters