Market Current Level Change
Saudi Stock Exchange 7,093.66 93.48 (1.34%)
Dubai Financial Market 3,360.91 27.18 (0.82%)
Abu Dhabi Stock Exchange 4,308.77 47.54 (1.12%)
Kuwait Stock Exchange 5,569.00 14.54 (0.26%)
Bahrain Stock Exchange 1,177.85 3.73 (0.32%)
Muscat Securities Market 5,590.16 102.48 (1.87%)
Qatar Exchange 9,913.75 119.92 (1.22%)
GulfBase GCC Index 4,234.29 43.81 (1.05%)
Central Bank of Oman announces OMR150m bond issue

(Times of Oman - 12/1/2016 7:52:00 AM)

Oman’s banking regulator plans to raise OMR150 million through a government development bond isssue. The Central Bank of Oman (CBO) said that the maturity period of bonds will be 10 years and will carry a coupon rate of 5.5 per cent per annum. The issue...

Qatar Chamber eyes grain storage project in Doha with Russia

(Gulf Times - 12/1/2016 7:49:00 AM)

Discussions are ongoing to transform Qatar into an export hub for grain from Russia to address food security issues in the region and in other neighbouring countries, Qatar Chamber vice-chairman Mohamed bin Towar al-Kuwari has said. Speaking to Gulf...

Bahrain’s electronic fund transfers top $1.8 billion

(Trade Arabia - 12/1/2016 7:48:00 AM)

The total value of transactions settled via the electronic fund transfer system (EFTS) has reached BD700 million ($1.84 billion) after a year from launch, the Central Bank of Bahrain announced yesterday (November 30). Launched in collaboration with the...

Doha Bank card delivery centre at City Center

(The Peninsula - 12/1/2016 6:08:00 AM)

Doha Bank yesterday took another step forward in expanding its service delivery network and bringing greater banking convenience to customers with the opening of a dedicated Card Delivery Centre at its City Centre branch. Located adjacent to the City...

QIIB wins 'Best Islamic Bank' Award

(The Peninsula - 12/1/2016 6:07:00 AM)

Cambridge IF Analytica, leading financial services intelligence house, has chosen QIIB as the “Best Islamic Bank in Qatar” in Retail Services for 2016. The announcement was made at an event held in Dubai recently, and attended by high level financial and...

UAE announces lower petrol prices for December

(The National - 12/1/2016 6:03:00 AM)

Petrol prices will fall in December by more than 5 per cent for all grades of the fuel. The Ministry of Energy announced on Wednesday that motorists will pay Dh1.80 a litre for Super 98, down by 5.3 per cent from November; Special 95 will cost Dh1.69,...

Saudi Arabia boosts wealth fund with $27b injection

(Gulfnews - 12/1/2016 6:00:00 AM)

Saudi Arabia is boosting the firepower of its sovereign wealth fund to accelerate deal-making and lessen the country’s dependence on oil. The Public Investment Fund (PIF) is receiving a 100 billion-riyal (Dh97.84 billion, $27 billion) transfer from...

UAE equity indices up nearly 1% as oil rallies

(Gulfnews - 12/1/2016 5:58:00 AM)

Stock rebalancing by index compiler MSCI and the start of the much-anticipated meeting by Opec (Organisation of Petroleum Exporting Countries) in Vienna weighed on UAE equities on Wednesday, spurring an increase in traded values. In Dubai, total trade...

Hub for high value manufacturing proposed in Sohar in Oman

(Oman Daily Observer - 12/1/2016 5:56:00 AM)

The National Programme for Enhancing Economic Diversification (Tanfeedh) has proposed the establishment of a world-class design and prototyping hub in Sohar, aimed at catalysing international investment in high-value manufacturing in the Sultanate. The...

Eurozone inflation hits 31-month high

(The Gulf Today - 12/1/2016 5:51:00 AM)

Eurozone inflation hit a 31-month high in November, data showed on Wednesday, providing modest relief for the European Central Bank ahead of an interest rate decision next week as price growth finally ticks up after years of flirting with deflation....