Market Current Level Change
Saudi Stock Exchange 8,350.96 144.56 (1.76%)
Dubai Financial Market 2,929.06 0.89 (0.03%)
Abu Dhabi Stock Exchange 4,550.51 15.25 (0.34%)
Kuwait Stock Exchange 4,824.08 1.09 (0.02%)
Bahrain Stock Exchange 1,306.74 -2.74 (-0.21%)
Muscat Securities Market 4,593.28 -16.59 (-0.36%)
Qatar Exchange 9,005.34 82.82 (0.93%)
GulfBase GCC Index 4,542.97 48.83 (1.09%)
Work in full swing at $1.2bn Abu Dhabi shopping mall

(Trade Arabia - 6/25/2018 7:17:00 AM)

Work is in full swing at Abu Dhabi’s $1.2 billion Reem Mall, the emirate's leading retail, dining and leisure destination, with the substructure nearly finished and several sections of floor already completed, said a top official.<br/><br/> Unveiling the...

New investment models needed to boost MENA oil, gas competitiveness

(Saudi Gazette - 6/24/2018 8:45:00 AM)

New investment models will encourage optimal development in the oil and gas sector, Majid Jafar, CEO of Crescent Petroleum told OPEC ministers and industry leaders at the OPEC Seminar in Vienna last June 20. The private sector in MENA can be an important...

After MSCI upgrade, Tadawul chief turns to the next challenge for Saudi Arabia

(Arab News - 6/24/2018 8:42:00 AM)

Khalid Al-Hussan seemed to be enjoying himself last Thursday at the Riyadh headquarters of Tadawul, the Saudi Arabia stock exchange, of which he is chief executive. In fact, a quiet smile of satisfaction rarely left his face, even under the bright glare...

IMF sees Lebanon's fiscal deficit widening in 2018

(The National - 6/24/2018 8:40:00 AM)

Lebanon needs “immediate and substantial” fiscal adjustments to improve its public debt, which has reached more than 150 per cent of its gross domestic product last year, the International Monetary Fund said.<br/><br/> The country should increase its...

UAE regulator asks public firms to declare exposure to Abraaj

(The National - 6/24/2018 8:38:00 AM)

UAE-listed companies, including some of the country’s biggest banks, have been asked to declare their exposure to embattled private equity firm Abraaj, which filed for provisional liquidation last week.<br/><br/> The Securities & Commodities Authority...

Fitch upgrades outlook of Doha Bank to stable

(Gulf Times - 6/24/2018 8:35:00 AM)

Fitch Ratings has upgraded the outlook of Doha Bank from negative to stable and affirmed the long-term Issuer Default Ratings (IDR) at ‘A’, it was announced in a statement. <br/><br/> “The upgrade to stable follows the revision of the Qatari sovereign’s...

Private deposits in Oman's banks reach OMR12.47bn

(Times of Oman - 6/24/2018 8:32:00 AM)

Private deposits at commercial banks in the Sultanate at the end of the first quarter in 2018 witnessed a slight decline by 0.77 per cent to OMR12.47 billion, compared to OMR12.57 billion in the corresponding period last year, according to a monthly...

Oman's FDI rises 15% in fourth quarter of 2017

(Times of Oman - 6/24/2018 8:22:00 AM)

Foreign Direct Investment (FDI) in the Sultanate rose by 15 per cent, to OMR9.34 billion in 2017, from OMR8.09 billion in the fourth quarter in 2016.<br/><br/> Among various countries, the United Kingdom topped the list of investors in the Sultanate,...

Uncertainty with a downward bias prevails in UAE markets

(Gulf News - 6/24/2018 8:19:00 AM)

Last week the Dubai Financial Market General Index (DFMGI) got hit hard, falling 110.06 or 3.62 per cent to end at 2,928.17. That’s its largest one-week decline since early November 2017. Weakness was widespread as there were only five advancing issues...

Weaker gold prices lure buyers in most Asian hubs

(Gulf News - 6/24/2018 8:17:00 AM)

Gold demand picked up in most Asian centres last week as prices of the yellow metal slid to a six-month low, with gold being sold at a premium in India for the first time in seven weeks.<br/><br/> Spot gold touched its lowest since December 19 at...