Market Current Level Change
Saudi Stock Exchange 7,768.31 38.66 (0.50%)
Dubai Financial Market 2,755.87 -6.07 (-0.22%)
Abu Dhabi Stock Exchange 4,878.88 -13.27 (-0.27%)
Kuwait Stock Exchange 5,081.49 -11.84 (-0.23%)
Bahrain Stock Exchange 1,353.89 2.45 (0.18%)
Muscat Securities Market 4,457.43 -28.99 (-0.65%)
Qatar Exchange 9,677.04 -91.87 (-0.94%)
GulfBase GCC Index 4,479.12 -6.78 (-0.15%)
Customers forced to use cash as MADA network down

(Saudi Gazette - 9/24/2018 11:15:00 AM)

The MADA payment services were disrupted Sunday for the second time in less than a year affecting sale and purchase operations in shops and withdrawal of money from ATMs.<br/><br/> This disruption forced everyone to deal in cash only. Many retail stores...

Oil jumps as market tightens, more gains seen

(Arab News - 9/24/2018 11:04:00 AM)

Oil prices rose 2 percent on Monday as US sanctions restricted Iranian crude exports, tightening global supply, with some traders forecasting a spike in crude to as much as $100 per barrel.<br/><br/> Brent crude hit its highest since May at $80.47 per...

Investcorp adds UK's former Defense Secretary to advisory board

(The National - 9/24/2018 11:02:00 AM)

Bahrain’s Investcorp, an alternative investment management firm that counts Mubadala Investment Company as its biggest shareholder, added Sir Michael Fallon, UK’s former Secretary of State for Defense, to the its international advisory board.<br/><br/>...

Pound stays in thrall to politics as Brexit talks reach impasse

(Gulf Times - 9/24/2018 11:00:00 AM)

The pound may take a further beating from political headlines in the coming week as traders are unlikely to take their eyes off Brexit. Sterling tumbled from a two-month high after UK Prime Minister Theresa May said on Friday that Brexit negotiations...

Oman's share index ends marginally lower

(Times of Oman - 9/24/2018 7:39:00 AM)

The MSM30 index ended lower on Sunday and closed at 4486.42 points, down by 0.20 per cent. MSM Sharia Index closed at 618.74 points, down by 0.36 per cent. Al Madina Takaful was the most active in terms of volume while Bank Muscat most active in terms of...

CBO board meeting discusses key issues

(Times of Oman - 9/24/2018 7:38:00 AM)

The Central Bank of Oman (CBO) Board of Governors held its third meeting of the year on Sunday under the Chairmanship of Sultan bin Salim bin Said Al Habsi, Deputy Chairman of the Board of Governors. The meeting was held at the CBO Headquarters in MBD...

Investors eye upcoming Fed meeting for hints on dollar

(Gulf News - 9/24/2018 7:36:00 AM)

All eyes will turn to the US Federal Reserve this week, amid expectations the central bank will hike interest rates, a move that is likely to create slight volatility in US stocks and the dollar.<br/><br/> Analysts said, while a hike by 25 basis points...

Lack of catalysts keeps UAE stocks nearly flat

(Gulf News - 9/24/2018 7:34:00 AM)

A lack of catalysts coupled with low trade values kept the UAE’s main equity indices nearly flat on Sunday, with expectations for Dubai’s stocks still on the bearish side.<br/><br/> The Dubai Financial Market (DFM) index inched down 0.09 per cent to...

AMF projects improved growth outlook for GCC

(Gulf News - 9/24/2018 7:31:00 AM)

The Arab Economic Outlook Report from the Arab Monetary Fund (AMF) showed that the economic activities in the Arab region have improved in 2018 because of the increase in the global demand, the rise in the international oil prices, as well as the...

CBD and PwC in digital innovation pact

(Gulf News - 9/24/2018 7:30:00 AM)

Commercial Bank of Dubai (CBD) and PwC Middle East, recently signed an agreement on an innovation programme that will help the bank in its objective to become default digital and in providing an exceptional customer experience by collaborating with...