GulfBase GCC Cap Indices
Large Cap3,601 -0.15
Med Cap3,646 -0.68
Small Cap4,794 -0.44
Micro Cap7,357 -0.96

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BKMB 0.4 806,839
QNBK 155.1 81,271
EEC 21.82 1,358,832
TAWUNIYA 85.5 60,149
RCCI 1.5
RIBL 10.32 315,145
EMAAR 7.11 2,184,290

Forex News

Money management needs effort, practice and knowledge

Sound money management is more than a combination of common sense and putting money aside. Similar to many things in life, it takes effort, practice and knowledge to be done appropriately. Even for those who don’t have any major financial issues,

Global migrant remittances exceed $450bn in 2015

Kanayo F. Nwanze, president of the International Fund for Agricultural Development (IFAD), has called for greater recognition of the vital financial contribution migrants make to the economic stability of their families and countries. In 2015, some 250

Australia, NZ dollars resilient to jitters over Brexit

The Australian and New Zealand dollars held their ground on Tuesday as their relatively high yielding interest rates largely offset a bout of risk aversion ahead of the UK referendum. The Australian dollar edged up to 74 U.S. cents, from $0.7388 early.

South Africa’s rand steady, focus on current account data

South Africa's rand steadied early on Tuesday, before the release of current account data later in the day and a Federal Reserve monetary policy meeting this week. At 0648 GMT, the rand traded at 15.1725 per U.S. dollar, largely unchanged from its New

Outflow fears spur Indian rupee’s biggest decline in 3 weeks

India’s rupee posted its biggest decline in more than three weeks on concern foreign funds will cut equity holdings after losses in local stocks deepened. The S&P BSE Sensex index of Indian shares slumped 0.9 percent, taking its three-day drop to 2.3

China's Yuan trade system to open branches in London, New York

China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan's global status. The China Foreign Exchange Trade System (CFETS), a subsidiary of China's central

Sterling hit after survey puts Brexit camp 10 points ahead

Betting odds on a British vote to exit the European Union shortened on Saturday after an opinion poll put the ‘Leave’ camp 10 points ahead of ‘Remain’, hitting the value of the pound. Sterling weakened by as much as 1.2 per cent against the dollar

e-Dirham wins Special Merit Award

e-Dirham, the national e-payment system initiated by the UAE Ministry of Finance (MoF) in collaboration with National Bank of Abu Dhabi (NBAD), was recently conferred with the Special Merit Award for Government to Business and Customer (G2BC) Engagement

Oman marketing dollar bonds

The Sultanate of Oman is set to price a dual-tranche issue of US dollar sovereign bonds later today, according to a term-sheet seen by IFR. Oman, rated Baa1/BBB- (Moody's/S&P), is offering five-year bonds at a spread in the mid-to-high 200bp range over

Dollar stung by FED minutes, commodity currencies outperform

The dollar started trade in Asia on Friday under a cloud, having come under renewed pressure after minutes of the Federal Reserve's September meeting reinforced doubts that the central bank will hike interest rates this year. The minutes revealed a

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