Market Current Level Change
Saudi Stock Exchange 6,878.21 55.76 (0.82%)
Dubai Financial Market 3,460.93 16.00 (0.46%)
Abu Dhabi Stock Exchange 4,287.07 13.36 (0.31%)
Kuwait Stock Exchange 6,239.37 10.16 (0.16%)
Bahrain Stock Exchange 1,276.58 7.52 (0.59%)
Muscat Securities Market 5,086.35 8.32 (0.16%)
Qatar Exchange 7,742.46 -55.93 (-0.72%)
GulfBase GCC Index 4,027.85 41.68 (1.05%)
QCB says committed to providing currencies at official rates

(Reuters - 11/24/2017 10:03:00 PM)

Qatar’s central bank (QCB) said on Thursday it was committed to providing all the currency requirements of foreign investors at the official exchange rates. “There are no restrictions on all banking transactions including transfers,” the bank said in a...

Region rises as IPO plan boosts Egypt, Emaar Properties up in Dubai

(Reuters - 11/23/2017 10:02:00 PM)

Almost all Middle East stock markets rose on Thursday as a plan for an initial public offering (IPO) boosted Egypt while blue-chip Emaar Properties continued to recover in Dubai. Ibn Sina Pharmaceutical Industry, one of Egypt’s largest drug distributors,...

UAE credit growth seen in high single digits

(Gulf News - 11/23/2017 9:59:00 PM)

Credit growth in the UAE is poised to hit the high single digits next year, with positive signs emerging and liquidity improving, the UAE Central Bank governor said on Wednesday. Speaking at a Middle East Banking Forum in Abu Dhabi, Mubarak Rashed Al...

Banque Saudi Fransi faces fine over regulatory violations -SAMA

(Reuters - 11/23/2017 9:56:00 PM)

Banque Saudi Fransi (BSF) faces a fine over irregularities in an employee incentive programme, Saudi Arabia’s central bank said on Thursday. The Saudi Arabian Monetary Authority (SAMA) did not specify the size of the potential penalty, but said in a...

Saudi to allow smaller foreign funds into stock market

(Reuters - 11/23/2017 9:53:00 PM)

Saudi Arabia will ease requirements for foreign institutional investors in its stock market, the securities regulator said on Thursday, as Riyadh seeks to draw more capital into the market before the listing of state oil giant Saudi Aramco. The Capital...

Aramco In Talks With Chinese Petrochemical Producers

(Oilprice.com - 11/23/2017 9:52:00 PM)

Aramco is in talks with Chinese petrochemical producers that are building new plants to supply them with crude, a company vice-president told Bloomberg. The talks are part of Saudi Arabia’s efforts to gain more exposure to refining and petrochemicals and...

Aramco’s role in supporting creativity at Asbar forum

(Press Release - 11/23/2017 9:51:00 PM)

Muhammad M. Al Saggaf, senior vice president of Operations and Business Services, affirmed in remarks during the opening ceremony Saudi Aramco’s strong belief in the role creativity and innovation play as a driving force toward progress and prosperity....

Nasdaq Dubai And Nairobi Securities Exchange Sign MoU

(Mondo Visione - 11/23/2017 3:25:00 PM)

Nasdaq Dubai and The Nairobi Securities Exchange have signed a Memorandum of Understanding (MoU) to facilitate the creation of a Sukuk sector in Kenya. No Sukuk has been issued in the East African region; however the Kenyan government has previously made...

TAQA looks at loans as government did not approve bond issue

(Reuters - 11/23/2017 2:33:00 PM)

Abu Dhabi National Energy Co is talking to banks to obtain loan facilities of up to $1.3 billion which would refinance maturing debt after the Abu Dhabi government declined to approve a planned bond sale in October, sources close to the matter said....

WIBC to highlight digital technologies

(News of Bahrain - 11/23/2017 2:23:00 PM)

Middle East Global Advisors will convene the 24th edition of their flagship offering – The World Islamic Banking Conference (WIBC) on December 4, 5 and 6 in Bahrain. Based on a strategic partnership with the Central Bank of Bahrain, the three-day long...