Market Current Level Change
Saudi Stock Exchange 5,976.89 -51.00 (-0.85%)
Dubai Financial Market 3,492.22 11.76 (0.34%)
Abu Dhabi Stock Exchange 4,519.83 6.67 (0.15%)
Kuwait Stock Exchange 5,428.91 -6.62 (-0.12%)
Bahrain Stock Exchange 1,145.79 -6.90 (-0.60%)
Muscat Securities Market 5,823.06 -30.23 (-0.52%)
Qatar Exchange 11,134.81 -51.33 (-0.46%)
GulfBase GCC Index 4,024.01 -18.29 (-0.45%)
Muscat bourse resumes trading of Galfar shares

(Times of Oman - 8/25/2016 5:47:00 AM)

Muscat bourse on Wednesday resumed trading of Galfar Engineering and Contracting Company’s shares, after the company posted a detailed disclosure statement on the Muscat Securities Market on its compensation from Oman Wastewater Services Company (Haya...

Personal loans of Oman banks register 10% growth

(Times of Oman - 8/25/2016 5:45:00 AM)

Oman’s conventional banks have posted a robust 10.44 per cent growth in aggregate personal loans, or consumer loan portfolios, which stood at OMR7,680.96 million by the end of June 2016. The growth in personal loan was attributed to the tendency of more...

Seminar spotlights SAP Business One solutions

(Oman Daily Observer - 8/25/2016 5:44:00 AM)

Infoline LLC, the leading BPO & IT Enabled Service provider in Oman along with their technology partner WMS, recently organised a seminar on SAP Business One solutions at Crowne Plaza Muscat. They presented SAP Business One solutions designed exclusively...

Euro-sterling parity is a reality, says HSBC

(Gulf Times - 8/25/2016 5:42:00 AM)

When UK businessman Paul Frampton bought the spending money for his family vacation to Tuscany this month, he was astonished to be charged almost a pound for each euro he purchased. “I was flabbergasted,” said the 41-year-old media-company boss, who paid...

Doha Bank gets cardholder data security certification

(The Peninsula - 8/25/2016 5:39:00 AM)

Doha Bank was awarded the PCI-DSS Level 1 certification by the renowned PCI Certification body SISA. PCI is the only standard dedicated to security of cardholder data and rated as one of the most stringent security standard. This initiative confirms the...

Emirates NBD unit cuts 100 jobs - sources

(Trade Arabia - 8/25/2016 5:36:00 AM)

Emirates Islamic, the sharia-compliant arm of Dubai's largest bank Emirates NBD (ENBD) , has laid off more than 100 people as part of cost cutting to adjust to a cooler economy, sources familiar with the matter said on Wednesday. Growth in much of the...

Saudi Aramco could reduce stake in $5.5bn Indonesia refinery project

(Trade Arabia - 8/25/2016 5:34:00 AM)

Oil and gas giant Saudi Aramco may reduce its stake in a proposed $5.5 billion refinery project in Indonesia, the country's energy minister said. Aramco has asked to cut its share of the project to upgrade a refinery in Cilacap in the province of Central...

Fed rate talk weighs on regional bourses

(The National - 8/25/2016 5:21:00 AM)

Dubai shares suffered their worst one-day performance in two months on Wednesday, as the prospect of rising US interest rates weighed on emerging markets. The US dollar rose against the euro, in anticipation of a speech by the US Federal Reserve...

Saudi prince to discuss reform drive in visits to China, Japan

(Gulfnews - 8/25/2016 5:19:00 AM)

Saudi Arabia’s powerful Deputy Crown Prince Mohammad Bin Salman will discuss the kingdom’s drive to cut its reliance on oil exports in visits to China and Japan that begin next week, Saudi media and sources said on Wednesday. In April, Prince Mohammad...

Sharjah FDI Forum to be held in September

(Gulfnews - 8/25/2016 5:17:00 AM)

The second annual Sharjah FDI Forum will take place from September 28 to 29 in Sharjah, under the slogan “Sharjah FDI: The Gateway to the Middle East, North Africa and South Asia”, according to a statement from the Sharjah Investment and Development...