- Home : Finance and Economy
Finance and economy
Get the latest financial and economic news on all the key markets from the Middle East as well as daily round-ups of the day’s stock markets and news on Islamic Shariah-compliant monetary vehicles.
Sign up for our weekly finance and economy newsletter
Sign up for our weekly finance and economy newsletter
Tadawul market loses 2.35%
Saudi Arabia - 1 hour, 18 minutes ago
Triggered by lower oil prices, the Saudi Tadawul Index lost 2.35%, closing at 5,467.81 points on Saturday. The price per barrel oil has been plummeting over five per cent to around $65 since Friday due to unauthorised trading in oil futures done by a senior trader at PVM Oil Associates, London, as it was revealed on July 2nd. The suspected 'rogue trader' has allegedly caused losses of $10m while. Saudi Arabia's bellwether Sabic subsequently plummeted 6.40% to SR58.50. Only the cement sector index ended higher (up 2.36%).
- » DIC, Oaktree tie up for Almatis debt
- » DP World ends 0.55% higher
- » Bahrain market gains slightly
- » Qatar's Al Ahli Bank jumps 10%
- » Abu Dhabi market gains 1.62%
- » Shares of Emaar back on track
- » UAE launches fraud reporting system
- » UAE economic development dept launches e-services
- » SABB Takaful extends gains at Tadawul market
- » More Finance and economy news...
Finance and economy press releases
Jordan ranks 9th in Global Services Location Index
Jordan
Jordan gains 5 points and features for the first time in the top ten in this year’s Global Services Location Index (GSLI).
- » Fitch places Gulf Investment Corporation on rating watch negative
- » Fitch assigns Saudi Electricity Company Sukuk final 'AA-' rating
- » Lebanon’s credit ratings upgraded
- » Foreign investors purchase Dhs1.568bn worth of shares on DFM during last week, sold Dhs1.491bn
- » Tharawat Family Business Forum hosts workshop on winning strategies for Arab family businesses
- » Official launch and DAC accreditation of Velosi in Dubai
- » Bahrain hosts call for stronger GCC-ASEAN ties
- » MoneyGram International and NCB Quickpay launch most convenient remittance service in the kingdom
- » Bahrain National Insurance Company expands its branch network
Analysis
GCC Business Outlook: Bahrain and Oman
Bahrain
Bahrain and Oman have decided not to copy the business models of their neighbour states. Nevertheless, both countries aim to move out of the shadow of Dubai, Abu Dhabi or Qatar. Both economies are set to grow in 2009 by 2.6% and 3% respectively, according to the IMF.
- » GCC business outlook: Kuwait
- » GCC business outlook: Qatar
- » GCC business outlook: United Arab Emirates
- » What does the UAE currency union exit mean?
- » GCC business outlook: Kingdom of Saudi Arabia
- » The basics of Gold
- » Five things to know about asset allocation
- » IMF: Middle East oil nations to emerge from downturn faster
- » China and the GCC join forces to tackle financial crisis
Event microsites
Home : Finance and Economy
Web Feeds