Market Current Level Change
Saudi Stock Exchange 7,744.68 -30.74 (-0.40%)
Dubai Financial Market 3,197.30 30.08 (0.95%)
Abu Dhabi Stock Exchange 4,542.74 23.62 (0.52%)
Kuwait Stock Exchange 6,760.23 11.91 (0.18%)
Bahrain Stock Exchange 1,355.51 -5.02 (-0.37%)
Muscat Securities Market 4,896.93 2.33 (0.05%)
Qatar Exchange 8,847.79 97.47 (1.11%)
GulfBase GCC Index 4,442.15 9.99 (0.23%)
Saudi Arabia signs agreement to deposit $2bn in Yemen central bank

(Arab News - 3/16/2018 8:13:00 AM)

Saudi Arabia signed an agreement on Thursday to deposit $2 billion into account of Yemen’s central bank, under the instruction of King Salman, the Saudi Press Agency reported.<br/><br/> The agreement was signed by the Kingdom’s Finance Minister Mohammed...

ADIB arranges financing for $27m UK real estate acquisition

(The National - 3/16/2018 8:07:00 AM)

Abu Dhabi Islamic Bank (ADIB), the emirate’s biggest Sharia-compliant lender, arranged structured Islamic financing for the acquisition of an office property in the UK on behalf of a client in Saudi Arabia.<br/><br/> ADIB’s client bought The Hub, the...

Aramco international share sale might never happen

(Gulf Times - 3/16/2018 8:00:00 AM)

Saudi Aramco’s partial privatisation has loomed over the oil market for the last two years, influencing expectations about oil prices, but what if it never happens?<br/><br/> The possibility of selling a minority stake in the giant oil company was first...

Kuwait to divide its stock market into three segments

(The Peninsula - 3/16/2018 7:50:00 AM)

Kuwait Stock Exchange plans to divide its stock market into three market segments from April 1 in a bid to boost liquidity for investors, a regulatory official said on Thursday.<br/><br/> The bourse will also introduce new rules for listings on the same...

UAE traders buy property stocks on bourses

(Gulf News - 3/16/2018 7:47:00 AM)

UAE traders resorted to brisk buying in property stocks in the last one hour of trade on Thursday removing the sluggishness witnessed in the market in the past few weeks.<br/><br/> The Dubai Financial Market General Index accumulated gains in the last...

Aluminium hits 3-month low as stocks ramp up, tariffs loom

(Gulf News - 3/16/2018 7:46:00 AM)

Aluminium slid to a three-month low on Thursday, hurt by a rise in stocks, the prospect of looming US import tariffs, and expectations that supply from China will rise as its winter pollution controls expire.<br/><br/> As well as their direct effect on...

Oman central bank raises rate on capital deposits to 1.5% from 1.0%

(Gulf News - 3/16/2018 7:44:00 AM)

Oman’s central bank said on Thursday it has raised the interest rate it offers on capital deposits — deposits which banks and other financial firms are required to keep at the central bank — by 0.5 percentage point to 1.5 per cent. <br/><br/> The central...

Saudi state expected to take 35% stake in Saudi Binladin Group

(Gulf News - 3/16/2018 7:41:00 AM)

The Saudi government is expected to take a 35 per cent stake in construction giant Saudi Binladin Group (SBG) as part of a financial settlement with state authorities, sources told Reuters on Thursday. <br/><br/> The figure — previously unknown — was...

US pressing China to cut trade surplus by $100bn

(Oman Daily Observer - 3/16/2018 7:38:00 AM)

The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said, clarifying a tweet last week from President Donald Trump.<br/><br/> Last Wednesday, Trump tweeted that China had...

Germany says trade war could damage global recovery

(The Gulf Today - 3/16/2018 7:35:00 AM)

Germany said on Thursday that any escalation of US President Donald Trump’s tariffs on metal imports into a full-blown trade war could cause tangible damage to the global recovery, although the tariffs themselves should have only a limited...