Market Current Level Change
Saudi Stock Exchange 7,071.90 -68.28 (-0.96%)
Dubai Financial Market 3,603.98 -41.87 (-1.15%)
Abu Dhabi Stock Exchange 4,580.22 -40.59 (-0.88%)
Kuwait Stock Exchange 6,779.83 -11.10 (-0.16%)
Bahrain Stock Exchange 1,325.49 4.21 (0.32%)
Muscat Securities Market 5,852.30 -6.11 (-0.10%)
Qatar Exchange 10,912.76 -4.23 (-0.04%)
GulfBase GCC Index 4,443.69 -30.40 (-0.68%)
Kuwait Wealth Fund Head Al Saad Said to Step Down After 14 Years

(Bloomberg - 2/20/2017 4:01:00 PM)

Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world’s fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is...

CBB Sukuk Al-Salam securities subscribed

(CPI Financial - 2/20/2017 1:48:00 PM)

The Sukuk Al-Salam Islamic securities, Sukuk Al-Salam, has been subscribed by 100 per cent, according to an announcement by the Central Bank of Bahrain (CBB). Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a...

Oil Prices Rise Despite Higher U.S. Rig Count

(WSJ - 2/20/2017 1:33:00 PM)

Oil prices edged higher on Monday despite lingering concerns regarding U.S. supply that have kept prices within a narrow trading range despite major producers continuing to curb global supply. The April contract for global crude benchmark Brent gained...

Russia Overtakes Saudi Arabia as World's Largest Crude Producer

(Bloomberg - 2/20/2017 1:30:00 PM)

Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades. Russia pumped 10.49 million barrels a day...

Saudi Bank Samba Follows Bourse in Naming Woman to Top Position

(Bloomberg - 2/20/2017 12:48:00 PM)

Saudi Arabia’s Samba Financial Group named Rania Mahmoud Nashar as chief executive officer, the second woman recruited for a top finance-industry position in recent days as the country undertakes unprecedented social and economic change. Nashar’s...

Currency fluctuation hits Dubai property market

(Trade Arabia - 2/20/2017 8:04:00 AM)

An analysis of major cities that rely on foreign inflows for real estate purchases have shown mixed trends on the fluctuation of the dollar, said a report by property experts. There is a moderately strong inverse correlation between money flows in the...

Local institutional buying lifts Oman shares higher

(Times of Oman - 2/20/2017 8:01:00 AM)

Led by local institutional buying in banking and utility stocks, the MSM30 Index closed at 5,858.41 points, up 0.26 per cent. The MSM Sharia Index ended at 867.87 points, down 0.06 per cent. Phoenix Power was the most active in terms of volume as well as...

QSE extends rally to 5th session to cross 10,900 mark

(Gulf Times - 2/20/2017 8:00:00 AM)

The Qatar Stock Exchange opened the week on a stronger note with its key index surpassing the 10,900 mark, mainly lifted by the telecom, industrials, realty and banking stocks. The domestic institutions’ net selling weakened considerably as the 20-stock...

Election risks and retail sales hurt pound, euro

(Gulf Times - 2/20/2017 7:58:00 AM)

Falls for the euro and the pound dominated trade in the major global currencies on Friday, hit by a combination of nerves over upcoming French elections and signs British consumers are beginning to struggle in the face of the Brexit effect. A week of...

Doha Bank & Mastercard sign agreement

(The Peninsula - 2/20/2017 7:56:00 AM)

Building on their long-standing partnership, Doha Bank and Mastercard have signed a long-term agreement to introduce a number of payment solutions in Qatar. Financial inclusion is key focus area for both companies, and the partnership will see innovative...