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Dubai :: United Arab Emirates | 4 days ago

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Saudi Arabia's decision to open its stock market to direct foreign investment could slow down initial public offerings (IPOs) in the country by making local companies wary of giving up stakes in their business to foreign control. "There are a lot of

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Riyadh :: Saudi Arabia | 5 days ago

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Saudi Stock Exchange "Tadawul" index closed at the end of last July at 10214.73, up 7.38 % compared to June, which is the highest rate since 2008. The Exchange's monthly statistical report showed that the index achieved returns by 19.67 % from the

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Riyadh :: Saudi Arabia | 10 days ago

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Saudi Arabia is to open up its stock market to foreign investors next year in one of the most keenly awaited economic reforms in the world's top oil-exporting nation. In a statement signalling that the bourse will become one of the last major

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Riyadh :: Saudi Arabia | 11 days ago

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Russia and Ukraine, has the potential to test market sentiment through recurrent bouts of uncertainty. For an oil exporting country like Saudi Arabia, the regional political unrest serves as a double-edged sword...The likeliest consequence is

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Singapore :: Singapore | 13 days ago

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Basic Industries Corp., the Middle East's largest listed firm, said second-quarter net profit increased 7% as sales volumes and prices increased. The company better known as Sabic reported net profit for the three months ended June 30 of 6.46 billion

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Riyadh :: Saudi Arabia | 18 days ago

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Saudi Arabia's benchmark stock index marked a nominal decline of 0.05 percent on Monday...On year-to-date basis, the index showed a collection of 1,272.44 points or 14.91 percent. Among the market cap indices, Small cap performed well relatively,

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Dubai :: United Arab Emirates | 1 month ago

Credibility Credibility of 5

Sunday's trading session down by 55.78 points or 0.58 percent to 9,513.71, after being low as much as 85 points just after the opening bell...Only three out of Tadawul's 15 sectors witnessed a positive change, accumulating 40 points jointly...Tourism

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Riyadh :: Saudi Arabia | 1 month ago

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Wednesday's trading in the green at 9,581.03 points, up 58.93 points or 0.62 percent...Most of the major sectors closed in the upward territory, showing a collection of 444 points. Insurance outdid rest of the sectors, surging over two percent to

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Riyadh :: Saudi Arabia | 1 month ago

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The Saudi Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul) will apply the instructions and procedures related to listed companies with accumulated losses reaching 50 percent or more of its capital early this July, CMA said in a

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Riyadh :: Saudi Arabia | 1 month ago

Credibility Credibility of 5

Saudi Arabia's benchmark Tadawul All-Share Index tumbled 1.99 percent on Monday, its largest one-day loss since September 2013. The index reflecting a typical falling peak-trough combination trimmed 193.8 points, closing at 9,523.18...All market cap

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