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Saudi Arabia's dairy leader Almarai soars on sukuk issuance

The Saudi Arabian Tadawul market gained the trading session straight Monday, closing 0.10% higher at 7,539.7 points. The GCC's largest dairy producer Almarai jumped 2.28%. Earlier in t

Monday, March 12, 2012 ()

Multinational organisations turn to emerging markets for revenue growth

A recent study on emerging markets by Deloitte, including several Middle East countries, has found that the greatest success in emerging markets came from understanding the special req

Monday, March 12, 2012 ()

Abu Dhabi market investigation blurs real estate merger euphoria

The ADX General Index gained one percent to close at 2,614.83 points Monday, but a reported investigation of the ADX regulator casted a shadow on the announced merger talks between rea

Monday, March 12, 2012 ()

Muscat market advances for the third consecutive trading session, as financials soar

The Omani MSM30 Index added 0.28% to reach 5,901.82 points Monday. Shares of Bank Sohar surged two percent. Earlier in the week Bank Sohar announced it has signed an agreement with Dub

Monday, March 12, 2012 ()

Dubai bourse slips despite Abu Dhabi merger euphoria

The DFM General Index edged up higher at the opening Monday but eventually lost steam and closed 0.74% lower at 1,674.14. Dubai's first developer and market bellwether Emaar Properties

Monday, March 12, 2012 ()

Abu Dhabi opts to be more selective with new hotel licences

The Abu Dhabi Tourism Authority (ADTA) has announced that it has not decided to halt the issuance of new hotel licenses in the emirate but it will be "selective" in the issuance of the

Monday, March 12, 2012 ()

Oman's inbound tourism sees 17% growth with joint ministry efforts

A senior official at the Omani Ministry of Tourism has said that the Sultanate?s inbound tourism grew by 14% because of the joint efforts of the ministry, Oman Air and other organisat

Monday, March 12, 2012 ()

UAE developers Aldar and Sorouh mull merger

Abu Dhabi developer Aldar Properties and its local rival Sorouh Real Estate have announced that they might merge in a state-backed tie-up, Reuters has reported. According to a joint st

Monday, March 12, 2012 ()

Kuwait Investment Authority wins $300m quota for Chinese stocks

Chinese authorities have announced that Kuwait Investment Authority (KIA) has secured an initial $300m quota to purchase yuan-denominated stocks and bonds, KUNA has reported. KIA was i

Monday, March 12, 2012 ()

Saudi Arabia's February inflation at 5.4%, 14 month high

According to data from Saudi Arabia's Central Department of Statistics, the Kingdom's inflation increased to a 14-month high of 5.4% on an annual basis in February, mainly due to highe

Monday, March 12, 2012 ()