Market Current Level Change
Saudi Stock Exchange 7,011.26 69.48 (1.00%)
Dubai Financial Market 3,672.77 27.33 (0.75%)
Abu Dhabi Stock Exchange 4,505.31 3.26 (0.07%)
Kuwait Stock Exchange 6,633.07 14.41 (0.22%)
Bahrain Stock Exchange 1,278.94 0.48 (0.04%)
Muscat Securities Market 5,066.80 -23.35 (-0.46%)
Qatar Exchange 8,172.18 28.07 (0.34%)
GulfBase GCC Index 4,226.00 22.76 (0.54%)
Dubai market environment "favorable" for new listings: developer

(Xinhua - 10/21/2017 7:00:00 PM)

The chairman of the Middle East's biggest developer Emaar Properties praised Dubai's market environment Saturday amid preparation of the listing of 30 percent of its subsidiary Emaar Development. "The current market development is favorable as we are...

Saudi oil minister makes high profile visit to Iraq

(Reuters - 10/21/2017 4:11:00 PM)

Saudi Oil Minister Khalid al-Falih made a high profile visit to Iraq on Saturday, calling for increased economic cooperation and praising existing coordination to boost crude oil prices. In a speech at the opening of the Baghdad International Exhibition,...

Oil Investors Jump Back Into the Fray

(Bloomberg - 10/21/2017 1:51:00 PM)

Hedge funds are finding betting on West Texas Intermediate crude more attractive again, with total positioning on the U.S. benchmark increasing to the highest in almost a year. The surge comes as oil prices have held steady above $50 a barrel -- a key...

Saudi Arabia, Iraq to cooperate on reducing crude oil supply level

(Reuters - 10/21/2017 1:46:00 PM)

Saudi Arabia’s Oil Minister Khalid al-Falih and his Iraqi counterpart Jabar al-Luaibi, agreed on Saturday to cooperate on implementing decisions by the Organization of Petroleum Exporting Countries to curb oil global oil supply, Iraq’s oil ministry said....

Saudi Firms Reveal Third Quarter Fiscal Results

(Asharq Al-Awsat - 10/21/2017 1:38:00 PM)

Saudi firms started announcing fiscal results of third quarter of the current year, amid positive indicators that affirm enhancement of listed companies' results. The outcome revealed an initial progress of 13.8 percent during the past nine months. Up...

Saudi Aramco plans to set up new construction unit

(Trade Arabia - 10/21/2017 10:50:00 AM)

State oil giant Saudi Aramco plans to set up a new construction company with local and international partners to build non-oil infrastructure in Saudi Arabia, reported Reuters, citing senior industry sources. Saudi Arabia's main sovereign wealth fund,...

Gold Prices Retreat from Monthly Highs as USD Mounts Counter

(Daily FX - 10/21/2017 9:16:00 AM)

Gold prices are markedly lower this week with the precious metal down 1.70% to trade at 1281 ahead of the New York close on Friday. The losses come amid a rebound in the dollar with the DXY up more than 0.5%. Equities also continued to outperform with...

Hong Kong stocks advance after biggest tumble this year

(FIN24 - 10/21/2017 9:07:00 AM)

Hong Kong stocks rose, led by a rebound in shares that had driven a slump on Thursday. The Hang Seng Index advanced 1% as of 08:26 as Industrial & Commercial Bank of China and Ping An Insurance climbed at least 2.3%. Geely Automobile added 5.2% after...

Du holding company EITC creates 3 new divisions

(Telecompaper - 10/21/2017 9:05:00 AM)

Emirates Integrated Telecommunications Company (EITC), the holding company behind operator Du, has overhauled its organisational structure, according to The National. It has created divisions for Digital Lifestyle and Innovation, and ICT products, and...

Dollar jumps vs safe havens after U.S. Senate clears way for tax refor

(Reuters - 10/21/2017 9:00:00 AM)

The dollar rose on Friday, on track for its biggest daily gain in more than two weeks, as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, bolstering investor appetite for risk. The dollar rose to a three-month high against...