Market Current Level Change
Saudi Stock Exchange 8,022.28 5.43 (0.07%)
Dubai Financial Market 2,918.74 6.12 (0.21%)
Abu Dhabi Stock Exchange 4,424.72 -6.99 (-0.16%)
Kuwait Stock Exchange 4,799.91 -1.23 (-0.03%)
Bahrain Stock Exchange 1,267.26 -5.52 (-0.43%)
Muscat Securities Market 4,590.16 -27.56 (-0.60%)
Qatar Exchange 8,879.59 -11.57 (-0.13%)
GulfBase GCC Index 4,421.11 -6.66 (-0.15%)
Saudi Cement, GE Power sign deal to boost power output & efficiency

(Saudi Gazette - 5/20/2018 8:53:00 AM)

Saudi Cement has signed an agreement with GE Power for the upgrade of three GE 6B gas turbines at its Hofuf plant to increase power output and efficiency.<br/><br/> The deal represents the first time that GE Power’s Advanced Gas Path (AGP) solution will...

Prince Alwaleed's Kingdom and Ashkenazy sue owner of New York Plaza Hotel

(The National - 5/20/2018 8:48:00 AM)

Ashkenazy Acquisition and Saudi Prince Alwaleed bin Talal’s Kingdom Holding, the investors trying to buy New York’s historic Plaza Hotel, sued the property’s majority owner for allegedly reneging on an agreement that gives the group the right to match...

Oman Arab Bank conducts final module of ‘LEAD 2’ programme

(Times of Oman - 5/20/2018 8:46:00 AM)

In line with its continued commitment to improving the skills of its employees, the Oman Arab Bank (OAB) launched the second edition of the ‘Leadership Enhancement And Development’ (LEAD) talent programme last year. The 20 LEAD candidates have now...

Private deposits in Oman's banks rise

(Times of Oman - 5/20/2018 8:43:00 AM)

Private deposits at commercial banks in the Sultanate at the end of February 2018 rose 0.85 per cent to OMR12.55 billion, compared to OMR12.45 billion in the corresponding period last year, according to a monthly bulletin published by the Central Bank of...

Qatar’s new real estate law to boost property market

(The Peninsula - 5/20/2018 8:41:00 AM)

Qatar’s new draft law for foreign real estate ownership is expected to boost sales for residential and commercial properties in Qatar, as well as increase foreign direct investment.<br/><br/> Another knock on effect may be an increase in foreign...

Gold bulls push for the exits on strong dollar and lack of fear

(Gulf News - 5/20/2018 8:37:00 AM)

The strong dollar is proving too much of a headwind for gold. Hedge funds and other large speculators pared bullish bets on bullion to the lowest in more than two years as the metal fell below $1,300 an ounce for the first time this year, spurring the...

China’s second quarter GDP growth seen easing to around 6.7%

(Gulf News - 5/20/2018 8:36:00 AM)

China’s economy will likely expand around 6.7 per cent in the second quarter this year, the State Information Center (SIC) said in an article in the state-owned China Securities Journal on Saturday.<br/><br/> The forecast was slightly slower than the 6.8...

Adnoc eyes Asia Pacific markets with downstream expansion

(Gulf News - 5/20/2018 8:33:00 AM)

Abu Dhabi National Oil Company (Adnoc)’s plans to invest $45 billion (Dh165 billion) alongside partners over the next five years to create the single largest integrated refining and petrochemicals destination in the world at Ruwais will help the UAE gain...

MSM30 down, but calm prevails in trading

(Oman Daily Observer - 5/20/2018 8:30:00 AM)

Despite stability in trading in first few days of the week, the general index reversed its path and posted declines as it was pressured by geopolitical and cautious sentiment in addition to results of Omantel. The weakness of trading has also made the...

Rooftop PV to cover up to 30pc of homes in Oman

(Oman Daily Observer - 5/20/2018 8:29:00 AM)

Marking a new phase in the mass-scale installation of solar photovoltaic (PV) systems atop residential buildings in the Sultanate, the Authority for Electricity Regulation Oman (AER) has invited Expressions from Interest (EoI) from qualified developers...