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- Closing Bell: Saudi benchmark index edged up to close at 10,549
- Qatar property transactions reach $177m in late December
- Gold to $4,900, oil to $50s: Goldman's big 2026 trade call
- Global Islamic finance set to hit $6 trillion in 2026 as industry posts strong double-digit growth
- Asia Stocks Make Bright Start to 2026
- Saudi Fintech "barq" emerges fastest-growing digital wallet in the region as e-payment volume hits $84 billion
- Saudi Arabia's NDMC raises $13bn for infrastructure projects
- Saudi Arabia approves over 1k chemical permits, awards 172 mining licenses
- Bahrain All Share Index, Islamic Index close lower
- NBK launches a new suite of updates and enhancements to its Mobile Banking App
08/03/2017 06:07 AST
The pound extended losses amid renewed political uncertainty over the UK's plan to exit the European Union, while the dollar mostly traded in a small range ahead of tier-one economic data expected later this week.
Sterling breached key technical support at 1.2200 per dollar for the first time since January 18 amid concern Prime Minister Theresa May could face another setback in her effort to trigger Brexit as lawmakers demand more power to shape the final deal she reaches with the EU. In addition, the pound sentiment was also weakened by data showing the pace of UK annual house-price growth slowed, adding weight to predictions of an economic slowdown.
The Aussie gained after the Reserve Bank of Australia said the global economy has improved while local consumption growth was stronger. It pared gains thereafter as traders took note of the RBA's warning over the negative effects of a strong currency.
Despite persistent Brexit uncertainties, upcoming euro-area elections and rising expectations for an imminent US interest-rate increase, global currency volatility remains in its downward trajectory this year. Demand to own gamma for the short term remains relatively low, despite sporadic increases, according to traders in Europe.
Gulfnews
| Ticker | Price | Volume |
|---|
| US Dollar | 1.00 |
| Euro | 0.88 |
| British Pound | 0.77 |
| Japanese Yen | 113.21 |
| Saudi Riyal | 3.75 |
| Kuwaiti Dinar | 0.30 |
| Derham Emirati | 3.67 |
| Bahraini Dinar | 0.38 |
| Omani Riyal | 0.39 |
| Qatari Riyal | 3.67 |
17/12/2025
The Indian rupee touched a historic low on Tuesday, breaching the 91-mark against the US dollar for the first time. The sharp fall highlights growing pressure on the domestic currency amid continued
Times of Oman
16/12/2025
Iran's rial slid further Monday to a new record low of more than 1.3 million to the US dollar, deepening the currency's collapse less than two weeks after it first breached the 1.2-million mark amid
Reuters
10/12/2025
The Indian rupee is hitting an all-time low against the UAE dirham, and the US dollar comes with a mixed bag of fortunes, resulting in a drop in some goods but rising production and transportation co
Khaleej Times
09/12/2025
Qatar Central Bank (QCB) on Monday announced the activation of Qatari Riyal and foreign-currency transfer services through the Real-Time Gross Settlement System (QA-RTGS) between local banks, in line
The Peninsula
05/12/2025
India's central bank will tolerate a weaker rupee as the country's external sector confronts multiple headwinds including a wider trade gap and stalling of dollar inflows into the world's fifth-large
Reuters
Financial Information Co.
Saudi Arabia