Market Current Level Change
Saudi Stock Exchange 7,819.67 -19.60 (-0.25%)
Dubai Financial Market 2,499.93 -50.57 (-1.98%)
Abu Dhabi Stock Exchange 4,789.30 -47.14 (-0.97%)
Kuwait Stock Exchange 5,163.46 -21.36 (-0.41%)
Bahrain Stock Exchange 1,317.82 0.38 (0.03%)
Muscat Securities Market 4,503.49 -44.25 (-0.97%)
Qatar Exchange 10,555.81 -48.47 (-0.46%)
GulfBase GCC Index 4,560.67 -4.71 (-0.10%)
Saudi tech startup sector rapidly evolving to help in economic expansion

(Saudi Gazette - 12/10/2018 6:08:00 AM)

Saudi Arabia’s tech startup ecosystem may be nascent, but is rapidly evolving to support economic growth, a new report by Wamda, in collaboration with OC&C Strategy Consultants, shared at the Riyadh edition of Wamda’s flagship Mix N’ Mentor event held...

Alinma Bank hosts Fintech Forum

(Saudi Gazette - 12/10/2018 6:09:00 AM)

ALINMA Bank hosted its first-ever FinTech-focused event at the Four Seasons hotel in last Dec. 3, 2018. The gathering was hosted by the bank in partnership with FinTech Saudi and Alinma Investment Company, with the stated goal of raising awareness about...

China's factory gate inflation eases

(Times of Oman - 12/10/2018 6:06:00 AM)

China's factory inflation slowed in November, a sign demand remains weak amid Beijing's ongoing trade war with the United States, while consumer inflation also flagged, official data showed on Sunday.<br/><br/> The producer price index — an important...

Leading Emirates health care, education investor eyes Saudi Arabia

(Arab News - 12/10/2018 6:04:00 AM)

Since launching Foundation Holdings in 2016, Abhishek Sharma has scoured the GCC and India for investment opportunities. Now, the prominent UAE health care and education investor is closing in on targets in Saudi Arabia.<br/><br/> “We are eyeing two...

Qatar Chamber, Indonesian delegation discuss promoting cooperation

(The Peninsula - 12/10/2018 6:00:00 AM)

The Qatar Chamber (QC) has discussed prospects of promoting cooperation in different investment fields, with a visiting Indonesian trade delegation headed by Head of Investment Division at the Indonesian Ministry of Tourism.<br/><br/> During the meeting,...

Opec cuts to support oil prices

(Gulf News - 12/10/2018 5:58:00 AM)

The decision of Opec and its allies to cut production by 1.2 million barrels per day (bpd) from January 2019 is expected to give solid support to oil prices, but the cuts won’t be enough to send oil prices towards $80 (Dh294) per barrel, analysts...

Boosting trade & investment key to GCC growth: IMF

(The Peninsula - 12/10/2018 5:57:00 AM)

Trade and investments are key to the diversification and growth in the GCC. Diversification of the GCC economies, supported by greater openness to trade and higher foreign investment, can have a large impact on growth.<br/><br/> Such measures can support...

Economic recovery expected to improve profitability of GCC banks in 2019

(Gulf News - 12/10/2018 5:36:00 AM)

The GCC banking sector is set for improved profitability, better asset quality and stable balance sheet strength in 2019, thanks to a better operating environment supported by higher government spending, higher oil prices and government stimulus...

Senaat lists $300m sukuk on Abu Dhabi stock market

(Gulf News - 12/10/2018 5:34:00 AM)

Abu Dhabi’s General Holding Corporation (Senaat) listed $300 million (Dh1.1 billion) sukuk on the Abu Dhabi stock market on Sunday, making it the third listing of a bond this year.<br/><br/> The sukuk was over-subscribed 10 times with a strong demand...

Kuwait fund loans $10 mln to Madagascar

(Arab Times - 12/10/2018 5:31:00 AM)

The Republic of Madagascar and the Kuwait Fund for Arab Economic Development (KFAED) have inked a loan agreement worth KD 3 million ( $10 million) for funding a river bridge project.<br/><br/> The deal was signed by Director General of KFAED Abdulwahab...