Forex

Featured Story:

Tunisia bourse
June 23, 2013 - 12:09 GMT
Tunisia's first issue of a sukuk (Islamic bond) is likely to be postponed to next year, adding to pressure on government finances, because of disruptions to legislative business.

June 5, 2013

All but one of the 30 stocks in the index fell
12:15 GMT

Egypt's bourse dropped to a five-week low on Tuesday, making its biggest one-day loss in two months on increasing fears of political instability, while Gulf markets were mixed.

June 4, 2013

Its trading range expanded to 106 points as compared to 42 points of previous day
11:08 GMT

It turned out to be largely positive for investors yesterday, as Saudi Arabia’s benchmark stock index recorded a handsome gain of 1.14 percent, which is the highest increase during last two weeks.

June 3, 2013

Fundamentals of the economy were rock solid and liquidity is picking up.
11:33 GMT

The Saudi stock market registered solid gains last month. At the end of May 2013, the Tadawul All-Share Index (TASI) closed at 7,404.12 points, gained 224.3 points or 3.12 percent over the close of the previous month.

June 2, 2013

Egypt has run through more than $20 billion in reserves
10:22 GMT

Egypt has converted $2.5 billion that Qatar lent it in December into 18-month notes and is working to convert another $3 billion lent this month into three-year bonds, Egypt's central bank governor was quoted on Thursday as saying.

Saudi Financial Markets
05:30 GMT

Saudi stock market continued its positive movement for the second consecutive week, marking another gain of 0.56 percent.

May 29, 2013

Market breadth stood in favour of decliners
11:32 GMT

Trading activity remained flat on the local bourse as the Muscat Securities Market general index consolidated to close at 6,396.10.

May 27, 2013

Only Small cap among the market cap indices managed to gain slightly
11:58 GMT

The Saudi stock market continued its negative movement, marking another small decline of 0.19 percent yesterday.

Muscat Securities Market
11:51 GMT

Regional markets ended mixed on Sunday as most investors reassessed the sustainability of hefty year-to-date gains of the respective indices.

May 26, 2013

Four out of Tadawul's 15 sectors witnessed a positive change
11:33 GMT

The Saudi stock market slumped yesterday, reversing after a 6-day surge and dropping more than 29 points for the day.

May 23, 2013

It did not say how much currency it actually sold
11:57 GMT

Egypt's central bank kept the price of the country's currency steady against the dollar at a special $800 million foreign exchange auction on Wednesday, called to help importers pay for wheat, meat, cooking oil and other essential imports.

May 22, 2013

Street vendor distributing bread in Egypt
13:08 GMT

The auction will be the central bank's second exceptional sale of foreign exchange. In April, it sold $600 million to pay for wheat, meat, cooking oil and other essential imports.

May 21, 2013

Brent crude rose 16 cents to $104.80 a barrel
11:46 GMT

Benchmark oil for June delivery gained 69 cents to close at $96.71 a barrel on the New York Mercantile Exchange.

May 20, 2013

Abu Dhabi Securities Exchange
05:40 GMT

Dubai’s benchmark stock index rose to its highest closing level in almost four years while the Abu Dhabi market general index surged to its highest level since October 2008 on Sunday on the back of a rally in real estate and banking shares.

May 19, 2013

The performance of the UAE stock markets is broadly in line with the rise in global stock markets
11:27 GMT

Both the Dubai Financial Market and Abu Dhabi Securities Market are trading at a nearly four-year-high, reflecting a return of investor confidence.

May 16, 2013

"The recovery in the economy is solid, the expectation is around 4 per cent"
10:16 GMT

Dubai’s benchmark index continued yesterday from where it ended on Tuesday, as stocks maintained their upward trend to set new highs since October 2009.