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.
Finance and Economy daily news »
Saudi's Tadawul inches higher
Saudi Arabia's Tadawul index gained 0.2% today to close on 6,303, led by the agriculture and food industries sector, which gained 1.99%. Red Sea Housing led all stocks, rising 5.98% to 62 riyals. Overall, 54 stocks ended higher while 56 declined.- » Abu Dhabi stocks see slight dip
- » Dubai index falls 1.93%
- » Abraaj buys Jordanian venture-capital firm
- » UAE prices fall for 4th straight month
- » Abraaj raises capital to $1.5bn
- » Bahrain inflation slows to 1.5%
- » Saudi stocks see slight gain
- » Abu Dhabi index gains 1.48%
- » DFM ends four-day slide
Finance and Economy press releases
Companies across all sectors in Kuwait are working on new performance agenda
The majority of companies across all sectors of the Kuwaiti economy have shown resilience to the effects of the global financial crisis and are beginning to revisit their performance goals. The economic downturn has posed key challenges and created a hugely changed business landscape, but companies are responding. Their action plans aim to ensure that management's time is focused on key areas of priority. This was the combined view of senior partners at Ernst and Young, Kuwait. Their assessment was based on interactions with and regular feedback from leading local businesses.- » Abraaj Capital Group acquires leading VC firm Riyada to spearhead new SME platform
- » MoE participates in 12th Industrial Conference and committee meetings for GCC
- » Ernst and Young launches CFO Roundtable Series in Middle East
- » Jafza, Dubai Chamber part of first trade mission to Brazil
- » Bahrain to host first Global Investment Research Challenge in GCC
- » First Middle East Investor Relations Society awards presented
- » Deloitte appoints Global Islamic Finance Industry Group Leader
- » Al-Omar: KFH-Turkey aims to establish partnership with Turkey, Europe, GCC
- » Abraaj Capital $375m rights issue fully subscribed
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Analysis
Saudi unemployment figures total 416,000
Unemployment figures in Saudi Arabia, based on a research of manpower for 2008, stood at 437,648, down by an annual rate of 5.5% and equalling 5% of the total labour force in the kingdom. The number of unemployed Saudis was 416,350, with the rest made up of non-nationals.- » UAE Cost of Living report: Businesses profit from fall in rents
- » UAE Cost of Living Report: Salaries fall as crisis takes its toll
- » Saudi Arabia: Public debt reduced to SR237bn
- » Hiring outlook improves in Dubai
- » Saudi Arabia tops regional foreign investment
- » Fuelling the recovery: More liquidity or more regulation?
- » Apple can't save Saudi billionaire
- » GCC Business Outlook: Bahrain and Oman
- » GCC business outlook: Kuwait
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