2008
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Sabic plunge takes Tasi down
Saudi Arabia's petrochemical sector, particularly the Saudi Basic Industries Corp. (Sabic) has... Read full article »
GCC to introduce monetary council
According to the head of the Gulf Cooperation Council, 2009 will see the Gulf Arab states launch... Read full article »
ADX and DFM markets fall further
The Abu Dhabi Securities Exchange closed 3.69% down today to 2,409.94. The Dubai Financial Market... Read full article »
Saudi Arabia to post deficit
According to the country's finance ministry, Saudi Arabia forecasts a deficit of SR65bn ($16bn)... Read full article »
UAE stock markets fall
The UAE's stock markets have experienced steep losses of around Dhs29bn in two days. According to... Read full article »
Gulf economies to slow
A new Reuters poll shows that most Gulf Arab economies will grow at their slowest pace in 2009... Read full article »
Saudi budget surplus may hit $133bn
Saudi Arabia's budget surplus in 2008 may have reached 500 billion Saudi riyals ($133bn) as oil... Read full article »
UAE's liquidity shortage to ease
A new report from Standard Chartered Bank says the UAE's shortage of adequate monetary tools is... Read full article »
Abu Dhabi to establish financial auditor
The Abu Dhabi government plans to create a state auditing arm that would investigate the... Read full article »
UAE stocks tumble
The Dubai Financial Market plunged 5.58% on Sunday to close on 1,802. Emaar, Arabtec, Aramex, and... Read full article »
NBD Sana Capital raises $170m
NBD Sana Capital, the private equity unit of UAE's Emirates NBD, raised almost $170m at its first... Read full article »
Omani infation falls to 13.2%
Omani inflation slowed to 13.2% in October from 13.4% in September, according to Oman's Ministry... Read full article »
Saudi stock index falls
The Tadawul All Share Index dropped 4.1% to 4,705.44 in Riyadh yesterday, with shares worth 3.4... Read full article »
Tasi gains 5.35%
The Tadawul All-Share Index (Tasi) has gained 5.35% since the resumption of trading after a week-... Read full article »
UAE markets fall
The Dubai Financial Market fell 1.02% on Thursday to close on 1,909. Global Investment House... Read full article »
