Category: Middle East
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Delta Air Lines grounds flights
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Delta Air Lines said early Monday that all of its departing flights have been grounded by a global computer system outage. “Our systems are down everywhere,” it tweeted in response to disgruntled customers. Delta (DAL), the world’s second largest airline, said the problem is a power outage at its Atlanta hub, starting at about 2:30 a.m.…
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Saudi:Broad Stock Market Index launched by Dow Jones Indexes
Dow Jones Indexes, a leading provider of global index, made an announcement about the launch of Dow Jones MENA Broad Stock Market and Dow Jones Saudi Titans 30 Indexes. The Dow Jones MENA Broad Stock Market Index will be measuring the performance of stocks that have high trading volumes. These stocks are either large-cap or…
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Middle East:Telecom Industry and Banking Sector to change markets
Telecom companies in the Middle East take centre stage in the upcoming week as a consolidation phase is expected to start, but weak earnings in the third quarter from major Arab banks in the gulf could drag the stocks down. A rare M&A play, which followed a flurry of debt issuances in late September, and…