Market Current Level Change
Saudi Stock Exchange 7,662.17 2.29 (0.03%)
Dubai Financial Market 2,778.76 2.38 (0.09%)
Abu Dhabi Stock Exchange 5,055.45 34.28 (0.68%)
Kuwait Stock Exchange 5,101.77 -1.86 (-0.04%)
Bahrain Stock Exchange 1,309.16 -1.35 (-0.10%)
Muscat Securities Market 4,450.56 -9.01 (-0.20%)
Qatar Exchange 10,214.19 15.11 (0.15%)
GulfBase GCC Index 4,510.65 8.91 (0.20%)
Opec, partners discuss oil supply cut of up to 1.4 million bpd

(Gulf News - 11/15/2018 9:16:00 AM)

Opec and its partners are discussing a proposal to cut oil output by up to 1.4 million barrels per day (bpd) for 2019, three sources familiar with the issue said, a larger reduction than previously thought to avert a price-sapping oversupply.<br/><br/>...

Pound volatility surges as traders look to next Brexit hurdle

(Gulf News - 11/15/2018 9:11:00 AM)

Volatility in the pound jumped as traders looked ahead to the next hurdle on the Brexit path even if a draft deal is signed off by Prime Minister Theresa May’s senior ministers.<br/><br/> Overnight volatility in the pound against the dollar climbed to...

Abu Dhabi index jumps over 5,000 level again

(Gulf News - 11/15/2018 9:09:00 AM)

First Abu Dhabi Bank (FAB) surged with aggressive volumes even as the Abu Dhabi index jumped more than a per cent to breach the keenly watched level of 5,000 level on Wednesday.<br/><br/> The Abu Dhabi Securities Exchange index closed 1.1 per cent higher...

Dana Gas nine months net profit falls

(Gulf News - 11/15/2018 9:06:00 AM)

Dana Gas said on Wednesday its nine months net profit fell to Dh149 million from Dh458 million in the same period last year. However, revenues in the same period rose 6 per cent at Dh351 million. The increase in revenue, driven by higher realised...

Acquisition and stake sale drive Tabreed’s net profit

(Gulf News - 11/15/2018 9:05:00 AM)

Gains from the acquisition of another district cooling entity helped Tabreed record a 10 per cent net profit growth to Dh319.3 million for the period from January to end of September.<br/><br/> Tabreed acquired S & T Cool, which provides district cooling...

Qatar’s fiscal and external balances will remain surplus: IMF

(The Peninsula - 11/15/2018 9:01:00 AM)

Significant fiscal and external buffers have enabled Qatar to successfully absorb the adverse shocks from the 2014-16 decline in oil prices and the diplomatic rift. The country’s near- to medium-term outlook remains favorable in the context of relatively...

Ukraine invites Qatari investors to explore its investment potential

(The Peninsula - 11/15/2018 8:58:00 AM)

The Ukrainian Deputy Prime Minister & Minister of Economic Development and Trade, Stepan Kubiv? said that Qatar is one of his country’s important partners in the Arab world. He said the countries relations are firm and promising and there is a joint...

CMA suspends KPMG from auditing regulated firms

(Oman Daily Observer - 11/15/2018 8:53:00 AM)

Wielding the whip against dubious practices by audit firms, the Capital Market Authority (CMA) yesterday announced the suspension of well-known audit firm KPMG from auditing entities regulated by the Authority for a period of one year. It marks the first...

UK sees stronger relations with UAE after Brexit

(The Gulf Today - 11/15/2018 8:47:00 AM)

The UK pavilion reflects so much energy; “you can see it from the sky. Someone told me so. It’s so big. It shows how important our presence in the UAE is for us,” Baroness Rona Fairhead CBE, UK Minister of State for Trade and Export Promotion at the...

UK inflation unexpectedly holds steady in October

(The Gulf Today - 11/15/2018 8:45:00 AM)

British inflation unexpectedly held steady in October, according to data on Wednesday that raises the prospect that the rate could return to target faster than the Bank of England expects. Consumer prices rose at an annual pace of 2.4 per cent in...