GCC markets had a mixed week as Saudi stocks powered by the banking and commodities retail sectors posted gains, while the UAE stocks tanked, ending the weeks with losses.

Dubai, UAE— Salik, Dubai toll operator, has listed on Dubai Financial Market under the name of "SALIK", after the offering was oversubscribed by 49 times. It is the third public offering and listing on the DFM in 2022 to date, as part of the accelerated steps to implement Dubai’s strategy...

A Moroccan prisoner of war released as part of an exchange between Moscow and Kyiv said he wanted to draw attention to the "struggle" of Ukraine as he returned home.

The drop comes as the exchange rate of the Egyptian pound is seeing a decline in light of the pressures the country is experiencing due to the Ukrainian war repercussions and the decline in foreign reserves at the Central Bank.

In spite of monetary policy tightening, Egypt has seen the market capitalization of its stock exchange vault by $2.7 billion in August

The Central Bank of the UAE (CBUAE) has imposed sanctions on the owner and general manager of an exchange house in the country for breaking regulations of the bank.

Despite a 3.9 percent increase in the food and beverage sector and a generally mixed week for the Saudi Stock Exchange, trading finished on Friday in the red.

Iranian lawmakers voted Wednesday to ratify a prisoner exchange treaty with Belgium, where the deal has been criticized for potentially enabling an Iranian diplomat jailed on terrorism charges to return home.

The top diplomats of the United States and Russia spoke Friday for the first time since the Ukraine war, with Secretary of State Antony Blinken describing a "frank" exchange as he pushed to free two Americans. Blinken initiated the call with Foreign Minister Sergei Lavrov, whom he had shunned a...

Based on the mutual market access model, Tabadul will allow investments across Bahrain Bourse and Abu Dhabi and enable investors to trade directly on both exchanges through licensed brokers in both markets.

Moses Elhy met with the Indian ambassador to Egypt on Wednesday to discuss the potential swap agreement for 500,000 tons of wheat.

Touchdown Aviation (TDA) will provide Etihad Engineering supply chain solutions locally in Abu Dhabi, to ensure the availability of high demanded aircraft parts. Etihad Engineering signed a Component Agreement with TDA, a global specialist in the supply, loan, exchange, and repair of aircraft components, regarding the same. Frederic Dupont, Vice...

The GCC's main indices closed higher toward the end of week, spurred by higher oil prices. The Saudi index "TASI" reached 13,314 points, achieving an increase of 0.4 percent on Thursday, its last trading day. At the same time, the Dubai index increased by 0.2 percent during the week as...

Blockchain expert Kim Grauer offers insights into why people fall prey to scammers, how they can protect their crypto assets and recover the pilfered digital currency.

The Dubai Gold & Commodities Exchange (DGCX) recorded a monthly Average Open Interest (AOI) of 134,154 contracts during the month of March, and registered trading volume with a total value of $15.74 billion. In response to further inflation, policy decisions and continued geo-political conflict around the globe, there was a...

The exchange is based in Dubai Multi Commodities Centre.

Jordan and Saudi Arabia have discussed the ways to increase the exchange of crops and foodstuffs between the two countries. Jordan's Minister of Agriculture Khaled Hneifat met a delegation of the Saudi Ministry of Agriculture, Environment and Water to discuss the importance of exchanging joint expertise to develop the agricultural...

Naif Arab University for Security Sciences has signed a cooperation agreement with the Tunisian Ministry of Justice on the sidelines of the scientific symposium “Alternative Punishments to Freedom-Depriving Punishments”, which is organized by the university and the ministry. The agreement aims at exchanging expertise between the two sides in the...

Saudi Arabia and the United Kingdom signed a Memorandum of Understanding, which is aimed at the promotion of direct investment between the two countries. This includes establishing and expanding Saudi-based companies in the UK while also enabling the establishment and expansion of UK-based companies in Saudi. The MoU is also...

ODL uses XRP for instant, low-cost cross-border payments.

BitOasis offers over 15 digital assets to trade against the dirham.

Bunyan United Company, the Saudi Arabia-based real estate firm, has tapped BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange.

The group has endorsed the full acquisition of BMB Group.

The subsidiary of the International Holding Company has been listed under the ticker ASM.

The Abu Dhabi Securities Exchange (ADX) has cut its trading commissions by 50%, and will extend its trading hours by one hour from Oct. 3.

Other stock exchanges were stayed dull, posting modest gains and losses  The Gulf Arab state said that leisure and education centres and restaurants can reopen  Stock prices shot up on Qatar stock exchange on Thursday encouraged by a positive atmosphere that the country was going to ease coronavirus curbs. Across...

Rothschild, Clifford Chance to challenge Emirates REIT’s $400 million exchange bid Creditors likely to make a better counter offer A group of creditors has hired financial adviser Rothschild and law firm Clifford Chance to help oppose the terms of a proposal by Dubai-listed Emirates REIT to exchange $400 million in...