Market Current Level Change
Saudi Stock Exchange 7,261.13 31.57 (0.44%)
Dubai Financial Market 3,573.51 -8.74 (-0.24%)
Abu Dhabi Stock Exchange 4,552.49 -41.67 (-0.91%)
Kuwait Stock Exchange 6,781.02 -12.87 (-0.19%)
Bahrain Stock Exchange 1,320.40 1.37 (0.10%)
Muscat Securities Market 4,999.37 -43.63 (-0.87%)
Qatar Exchange 9,542.28 39.92 (0.42%)
GulfBase GCC Index 4,353.88 17.78 (0.41%)
Abu Dhabi’s ADNOC ‘hires banks for fuel retailer IPO’

(Arab News - 7/20/2017 5:32:00 PM)

The Abu Dhabi National Oil Company (ADNOC) has picked a local bank and three foreign lenders as bookrunners for the planned initial public offering (IPO) of its retail unit that could raise $1.5 billion to $2 billion, sources said on Thursday. The...

SACO announces new Chairman and Vice-Chairman

(Tadawul - 7/20/2017 4:17:00 PM)

SACO announces It's Board of Directors resolution dated 20-07-2017 decided to reappoint Mr. Abdurahman Amin Jawa as Chairman and Mr. Sameer Mohammed Alhamidi as Managing Director and to appoint Mr. Abdulmohsen Altouk as Vice-Chairman for the new term of...

Saudi Re signed MoU to purchase 49.9% shares of PHBL

(Tadawul - 7/20/2017 4:13:00 PM)

Saudi Reinsurance Company Announces The significant development of signing off a memorandum of understanding with Probitas Holdings (Bermuda) Limited (PHBL) to purchase 49.9% of the shares of PHBL. Reference to the company's announcement on 13th of July...

SABB board recommends cash dividends for H1 2017

(Tadawul - 7/20/2017 10:02:00 AM)

The Saudi British Bank (SABB) announces that the Board of Directors has passed a resolution on Wednesday 19 July 2017 recommending the distribution of interim cash dividends to shareholders for the first half of 2017 as follows: 1. Total distribution...

Damac inks home financing tie-up with Amlak

(Trade Arabia - 7/20/2017 7:40:00 AM)

Dubai-based Damac Properties, a leading luxury real estate developer, has partnered with Amlak Finance, a top Islamic home financing provider in the UAE, to offer its existing customers an exclusive investment opportunity. The ‘Double Your Property’...

Saudi Arabia to spend $6.9bn on tourism initiatives

(Trade Arabia - 7/20/2017 7:39:00 AM)

Saudi Arabia's National Transformation Program (NTP) 2020 has approved 13 initiatives submitted by the Saudi Commission for Tourism & National Heritage (SCTH) with a budget of over SR26 billion ($6.93 billion), the commission has said. This amount will...

Batelco, AFS partner for mobile wallet

(Trade Arabia - 7/20/2017 7:38:00 AM)

Batelco, a leading digital solutions provider in Bahrain and AFS, a top payment services provider in the region, have signed a memorandum of understanding (MoU) to roll-out a state-of-the art mobile wallet solution in the kingdom. AFS chairman Sael Al...

Seven-day rally in Dubai shares snapped

(The National - 7/20/2017 7:35:00 AM)

Shares in Dubai closed down 0.7 per cent yesterday, breaking a seven-day rally, as Damac Properties’ surge reversed course. Abu Dhabi stocks closed marginally lower in thin trading, while Saudi stocks closed half a per cent lower. The retail-investor...

Doha Bank counts on core earnings to post QR716mn profit in H1

(Gulf Times - 7/20/2017 7:32:00 AM)

Doha Bank has reported 1% year-on-year growth in net profit to QR716mn in the first six months of this year, mainly helped by the strength of its core earnings. “This is another outstanding result and is clear demonstration that Doha Bank continues to...

Oman shares continue to fall on weak sentiments

(Times of Oman - 7/20/2017 7:31:00 AM)

Shares on the Muscat bourse continued its decline on weak sentiment. The MSM30 continued its weak run and ended the session at 5,043.00 points, a loss of 0.41 per cent. The MSM Sharia Index closed at 749.27 points, down 0.82 per cent. Oman Fisheries was...