The finance sector has never been more in the news, as the global credit
crisis sweeps around the world. DIFC Week in Dubai gathers together
industry leaders to discuss the future of the sector, how this region can
minimise the impact of the financial downturn, how traditional and
family-run businesses can help growth and the role of women in the Middle
East finance industry.
Saudi Arabia: 12 hours, 32 minutes ago
Saudi Arabia's Tadawul index rose 0.27% today to close on 6,272, led by the insurance sector, which climbed 1.84%. Anaam Holding was the day's big gainer, up 9.93% to 74.75 riyals, followed by Al Ahlia Insurance, which gained 9.68% to 102 riyal. Overall, 69 stocks rose while 40 fell.
Middle East: Monday, November 02 - 2009 at 10:35
One year ago, the biggest oil companies in the world were able to report record profits, due to high oil prices. In the third quarter of 2008, the world's largest oil company, ExxonMobil, reported a record profit of $14.8bn. One year later in the same period, the US integrated oil company showed a profit drop of 68%. What a big difference an average oil price of $118 (Q3-2008) versus $68 (Q3-2009) can make.