Market Current Level Change
Saudi Stock Exchange 7,425.72 90.85 (1.24%)
Dubai Financial Market 3,402.31 -15.99 (-0.47%)
Abu Dhabi Stock Exchange 4,431.57 -27.48 (-0.62%)
Kuwait Stock Exchange 6,772.09 7.08 (0.10%)
Bahrain Stock Exchange 1,312.96 -0.44 (-0.03%)
Muscat Securities Market 5,118.31 -3.16 (-0.06%)
Qatar Exchange 9,030.44 252.71 (2.88%)
GulfBase GCC Index 4,326.51 55.53 (1.30%)
Maaden announces new Vice Chairman

(Tadawul - 6/22/2017 10:19:00 AM)

The Saudi Arabian Mining Company (Maaden) announces the Board of Directors decision on June 21, 2017 of appointing H.E. Sulaiman Bin Abdulrahman Al-Gwaiz (non-executive member) as the Vice Chairman for the company's Board of Directors, effective from...

QNB sees minimal impact from standoff

(Gulf Times - 6/22/2017 8:31:00 AM)

Qatar National Bank said it expects to meet its earnings targets as the ongoing Saudi-led campaign to ‘isolate’ the country has minimal impact on its operations. The Middle East’s largest lender by assets is confident it will reach its net profit growth...

Egypt seeks FDI boost as its economy struggles

(Gulf Times - 6/22/2017 8:29:00 AM)

Egypt’s investment ministry has finalised a much-anticipated set of regulations outlining incentives that it hopes will lure back badly needed foreign investors, Investment Minister Sahar Nasr told Reuters yesterday. Egypt’s economy has been struggling...

Qatar bourse says Gulf institutions dumped Qatari shares

(The Peninsula - 6/22/2017 8:23:00 AM)

The Qatar Stock Exchange on Wednesday said it believed some institutional investors from Saudi Arabia, the UAE and Bahrain dumped shares to drive down the Qatari stock market in the wake of the diplomatic rift between Qatar and its Arab neighbours....

UAE banks clear $175bn cheques in 5 months

(Trade Arabia - 6/22/2017 8:20:00 AM)

A total of 12.922 million cheques worth Dh643.7 billion ($175 billion) were handled by the UAE Clearing Cheque System during the first five months of 2017, according to the UAE Central Bank data. A total of Dh28.9 billion worth of 546,000 cheques were...

Aramco listing remains top priority

(The National - 6/22/2017 1:26:00 AM)

The elevation of Mohammed bin Salman to crown prince of Saudi Arabia solidifies the young royal’s drive to privatise the state oil company Saudi Aramco, although formidable obstacles to a public share listing remain. A public listing of Aramco has been...

Across the board selling pressure drags Oman shares lower

(Times of Oman - 6/22/2017 1:23:00 AM)

Selling pressure across the board led the MSM30 index to plunge by 1.42 per cent to close at 5195.124 points. The MSM Sharia Index was down by 0.75 per cent to end at 764.31 points. Bank Muscat was the most active in terms of volume as well as turnover....

Middle East millennial entrepreneurs work harder compared globally

(Oman Daily Observer - 6/22/2017 1:19:00 AM)

Millennial business owners in the Middle East are more likely to be driven by the desire to increase their influence and have a positive impact on others than the overall average for entrepreneurs globally, according to a new study by HSBC Private Bank....

GFH says Intergrated Capital transfers shares

(Gulfnews - 6/22/2017 1:17:00 AM)

Gulf Finance House (GFH) said Integrated Capital (IC), owned by Abu Dhabi Financial Group has transferred GFH’s shares to Ajman Bank. IC transferred 21 million shares to the bank, and will transfer another tranche of 19.7 million shares by next week. As...

Gold gains as oil’s plunge dampens US rate hike expectations

(Gulfnews - 6/22/2017 1:16:00 AM)

Gold rose on Wednesday from a five-week low in the previous session as a slump in oil prices pushed down stock markets and US bond yields, while the US dollar weakened, making bullion cheaper for holders of other currencies. Investors were betting that...