Market Current Level Change
Saudi Stock Exchange 7,867.16 1.48 (0.02%)
Dubai Financial Market 2,815.79 12.47 (0.44%)
Abu Dhabi Stock Exchange 4,884.92 -21.95 (-0.45%)
Kuwait Stock Exchange 5,208.54 2.80 (0.05%)
Bahrain Stock Exchange 1,347.98 0.51 (0.04%)
Muscat Securities Market 4,390.45 1.01 (0.02%)
Qatar Exchange 9,447.88 -144.35 (-1.50%)
GulfBase GCC Index 4,488.73 -13.46 (-0.30%)
ICD gains from robust capital position and strong liquidity

(Saudi Gazette - 8/16/2018 9:00:00 AM)

The Islamic Corporation for the Development of the Private Sector (ICD, Aa3 stable) benefits from a robust capital position and strong liquidity, although its weak asset quality remains a challenge, says Moody's Investors Service in an annual...

Governor of Saudi Customs inspects Jadidat Arrar Port to ensure smooth processes

(Saudi Gazette - 8/16/2018 8:58:00 AM)

Governor of the Saudi Customs General Authority Ahmad bin Abdulaziz Al-Hakbani visited Jadidat Arrar Customs Port on Sunday (Aug. 4, 2018) to oversee preparations taking place for welcoming Haj pilgrims set to arrive at the port.<br/><br/> His visit...

UAE tops Arab world in competitiveness

(The National - 8/16/2018 8:54:00 AM)

The UAE, which leads the Arab region in terms of competitiveness, and is home to many tech firms, needs to increase efforts to expand the use of latest digital technologies to further enhance its dominance.<br/><br/> Research by the World Economic Forum...

German economy picks up more than expected in Q2

(Gulf Times - 8/16/2018 8:12:00 AM)

The German economy picked up more pace than expected in the second quarter, driven by higher household and state spending, suggesting that it is powering ahead despite the threat of a major trade dispute with the United States.<br/><br/> Gross domestic...

Oman shares end marginally higher

(Times of Oman - 8/16/2018 8:07:00 AM)

The MSM30 index ended higher on Wednesday and closed at 4,389.44 points, up by 0.37 per cent. MSM Sharia Index closed at 606.15 points, up by 0.07 per cent. Bank Muscat was the most active in terms of volume and in terms of turnover. The top gainer of...

Other UAE banks attract attention as Emirates NBD extends falls

(Gulf News - 8/16/2018 8:02:00 AM)

Emirates NBD shares fell on Wednesday, extending losses for the eighth session, as traders shifted to other banks like Dubai Islamic Bank and First Abu Dhabi Bank.<br/><br/> Emirates NBD closed 2.28 per cent lower to Dh8.99. Shares Emirates NBD, which...

Marka narrows losses but problems continue

(Gulf News - 8/16/2018 7:46:00 AM)

Amid an ongoing restructuring, Dubai-listed retailer Marka has seen its losses narrow in the second quarter, while also seeing its revenue slip. The company did manage, however, to post a gross profit of Dh9 million. <br/><br/> In a regulatory filing on...

Four-day Eid holidays for banks in the UAE

(Gulf News - 8/16/2018 7:43:00 AM)

Banks operating in the UAE will observe a four-day holiday on the occasion of Eid Al Adha. The Central Bank of UAE (CBUAE) has notified banks that the holidays will start on Monday, August 20, and that work will resume on Saturday, August 25.<br/><br/>...

Qatar promises $15b investment in Turkey: presidency

(Gulf News - 8/16/2018 7:40:00 AM)

Qatar pledged $15 billion (Dh55.09 billion) of investment in Turkey that will be channeled into Turkish financial markets and banks, a government source told Reuters yesterday. The investment package was announced after Qatar’s Emir Tamim Bin Hamad Al...

Lira collapse likely to have limited impact on GCC — Turkey trade

(Gulf News - 8/16/2018 7:32:00 AM)

Direct non-hydrocarbon economic links between the GCC and Turkey are relatively limited; however the sharp decline in Turkish lira against the dollar in recent months is likely to impact GCC’s non-oil exports to Turkey, according to economists.<br/><br/>...