AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.
The Dubai Financial Market (DFM) gained amid high trading volumes over 1.93% on Thursday, closing at 1,379.95 points. News from Europe that EU leaders and banks agreed to cut Greece's sovereign debt by 50%, were received very positively at stock markets in East and West. Emaar shares jumped 4.84% to reach Dhs2.60. Union Properties (up 6.55% at Dhs0.309) was the top gainer. Twenty shares advanced, while the majority of the seven declining stocks where foreign companies, such as Bahrain's Islamic investment bank Gulf Finance House (down 4.97% at Dhs0.497). Trading turnover more than doubled, as some 113m shares were traded, valued at Dhs115.3m.