Most Gulf stock markets continued the downward movement on Tuesday, with the exception of Qatar and Kuwait.
Saudi petrochemical stocks fell on Tuesday as fresh wobbles on regional and global markets spurred investors to reduce positions ahead of (...)
Saudi banks are in good condition and maintaining “strong financial fundamentals” despite the difficult economic conditions worldwide, ratings agency Moody's Investors Service said in its report on Saudi Banking Outlook released on Monday.
“The (...)
Saudi Arabia's economic outlook remains “broadly positive” and the banking system is “fundamentally sound”, although vulnerabilities remain especially from the volatility of oil prices, the International Monetary Fund (IMF) said in a statement on (...)
Saudi Arabia's stock benchmark index Tadawul All Share Index (TASI) slumped 0.28 percent - its lowest finish since June 8 -at 6,001.24 points as declines in oil prices and global markets spurred selling by local investors.
Samba Financial Group (...)
Saudi Telecom Co (STC) shares fell after the Kingdom's regulator confirmed BlackBerry messenger will be banned from Friday, weighing on Saudi Arabia's index Tadawul All Share Index (TASI). The index retreated 0.01 percent to 6,300.44 points on (...)
Saudi Arabia's banks have eased a drive to amass investments abroad as they appear to be shifting their interest back to the domestic market after keeping a low profile for more than a year, according to official data.
After soaring by nearly 75 (...)
Kuwaiti banks have sufficient financial resources to withstand a fresh crisis despite a sharp rise in their non-performing loans, the International Monetary Fund (IMF) has said.
At the end of 2009, Kuwait's banking sector had a combined capital (...)
Inflation risks in the Gulf countries are resurfacing after undergoing a sharp fall in consumer prices from a peak of 11 percent in 2009, Credit Suisse said in its latest issue of Global Investor.
Fears of possible inflationary outcome of the (...)
People in the Arab world need fuller and freer information about shrinking water supplies but their governments are withholding it for fear of fuelling unrest, a United Nations expert said on Thursday.
Arable land makes up just 4.2 percent of the (...)