Market Current Level Change
Saudi Stock Exchange 7,539.02 -0.72 (-0.01%)
Dubai Financial Market 3,531.05 -11.39 (-0.32%)
Abu Dhabi Stock Exchange 4,625.39 -9.52 (-0.21%)
Kuwait Stock Exchange 6,639.38 36.08 (0.55%)
Bahrain Stock Exchange 1,333.17 1.44 (0.11%)
Muscat Securities Market 5,024.06 -7.67 (-0.15%)
Qatar Exchange 9,200.10 41.33 (0.45%)
GulfBase GCC Index 4,447.71 2.62 (0.06%)
CB&I announces Joint Development Agreement with Saudi Aramco

(Press Release - 1/19/2018 8:55:00 PM)

CB&I has announced it has entered into a Joint Development Agreement with Saudi Aramco that includes Chevron Lummus Global (CLG), CB&I's joint venture with Chevron U.S.A. Inc., for the development, commercialization and marketing of innovative...

Saudi Aramco, CB&I and Chevron Lummus Global sign JDA

(Press Release - 1/18/2018 2:56:00 PM)

Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, has today signed a three-party Joint Development Agreement (JDA) with CB&I, a U.S.-based leading provider of technology and infrastructure for the energy industry, and Chevron...

Aramco ready to IPO in H2, awaiting govt decision on venue: CEO

(Reuters - 1/18/2018 2:46:00 PM)

Saudi Aramco’s Chief Executive Amin Nasser said on Thursday that the initial public offering (IPO) of the state oil giant is still planned for the second half of 2018, but the government has not yet made a decision on the listing venue. “The company is...

U.A.E. to Postpone Changes to How It Calculates Key Rate

(Bloomberg - 1/18/2018 2:45:00 PM)

The United Arab Emirates central bank’s plan to change the way a key interest rate used to price debt is calculated has been postponed, according to two people familiar with the matter. For several months, banks that form part of a panel that contributes...

Contract signed for work on world's tallest skyscraper in Jeddah

(Reuters - 1/18/2018 1:05:00 PM)

Real estate developers seeking to build the world’s tallest skyscraper in Jeddah have signed a 620 million riyal ($165 million) contract for infrastructure work at the site, signalling the project will go ahead despite a weak economy. The contract was...

Addressing water efficiency key to GCC chemical producers

(Saudi Gazette - 1/18/2018 7:36:00 AM)

Water scarcity is not just a global but also important regional concern, and part of UN Sustainable Development Goals. Albeit abounding in rich hydrocarbon reserves, the Arabian Gulf is dominated by a harsh desert terrain, and lacks access to crucial...

Corporate governance law to attract more investors to Saudi market

(Saudi Gazette - 1/18/2018 7:35:00 AM)

Amid all the fast-paced procedures taken by the Kingdom’s different authorities to create an attractive atmosphere for investors, one of these steps taken was the issuance of the new “corporate governance regulations” by the CMA in April 2017 and is...

Weeks of talks ‘fail to resolve Dana Gas sukuk dispute’

(Arab News - 1/18/2018 7:31:00 AM)

Weeks of talks between UAE energy firm Dana Gas and some local holders of a disputed $700 million sukuk have failed to reach an agreement, sources told Reuters, leaving a potentially protracted legal battle as the only available option for now. Last...

Qatar market dragged down by No. 2 bank

(Arab News - 1/18/2018 7:30:00 AM)

Gulf stock markets were mixed on Wednesday with Masraf Al Rayan, Qatar’s second-largest bank by market value, pulling the Qatari stock index 0.2 percent lower. Shares in Masraf Al Rayan sank 2.7 percent after the bank reported a 9.6 percent drop in...

Damac Properties founder ready to sell 15% stake at Dubai developer

(Arab News - 1/18/2018 7:29:00 AM)

Hussein Sajwani, the Dubai billionaire with links to US President Donald Trump, said Wednesday he was ready to sell 15 percent of his stake at real estate giant Damac Properties. Established by Sajwani in 2002, Damac has become one of the leading real...