2009
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Saudi annual M3 slowed in November
Official data from the Saudi Arabian Monetary Agency (SAMA) has showed the kingdom's M3 money... Read full article »
Arabtec stock soars, CEO says unaware why
Riad Kamal, Arabtec's chief executive has said he does not know the reason behind the sharp rise... Read full article »
Kuwait's budget surplus at $22bn
Figures posted on Kuwait's finance ministry's website indicate the country's budget had recorded... Read full article »
Saudi stocks rise 1.23%
Saudi Arabia's Tadawul All Share Index (Tasi) fell 1.23% to 6,177, with just nine stocks rising... Read full article »
DFM sees 3.36% growth
The Dubai Financial Market (DFM) closed up by 3.36% to 1,828.63, with only two stocks falling,... Read full article »
ADX closes up 1.18%
The Abu Dhabi Securities Exchange (ADX) ended the day up by 1.18% to 2,727.88. Only six stocks... Read full article »
Weekly FX roundup: Dollar weakens on light trading
The US Dollar ended lower last week against its major counterparts under thin, pre-holiday... Read full article »
TAIC profits hit $50m
The Arab Investment Co. (TAIC), a pan-Arab joint-stock company, has announced net profits of $50m... Read full article »
GCC expat remittances grow 31%
A report by the government-controlled Emirates Industrial Bank (EIB) has revealed that... Read full article »
Egypt holds interest rates steady
The Central Bank of Egypt has kept corridor interest rates at the same level for the second... Read full article »
Saudi index sees slight dip
Saudi Arabia's Tadawul All Share Index (Tasi) fell 0.27% today to close on 6,254. Overall, 71 of... Read full article »
Abu Dhabi stocks fall 0.11%
The Abu Dhabi Securities Exchange fell 0.11% today to close on 2,696, led by the industrial... Read full article »
DFM sees slight gain
The Dubai Financial Market rose 0.57% today to close on 1,769. Real estate stocks led the way, as... Read full article »
Saudi economy to grow by 4.1% in 2010, says EFG-Hermes
Egyptian investment bank EFG-Hermes has forecast that the Saudi Arabian economy will grow by 4.1%... Read full article »
Yemen sets 2010 budget with $2.4bn deficit
The Yemeni cabinet has approved a 2010 draft budget with a deficit of YR492bn ($2.4bn), or 7.7%... Read full article »
