Saudi Arabia’s popular card game, Baloot, is moving online—and capturing investor attention. A local studio behind the game has been acquired for $53 million, as VC funding flows into digital adaptations of traditional cultural pastimes. Source: AGBI
Saudi Card Game “Baloot” Goes Digital, Attracts Investment Read More »
Small-cap equities across the Middle East are trading at an average 15% discount to their fair value, according to Morningstar. Investors are eyeing companies with strong fundamentals—like Emirates Insurance and Eczacibasi—that boast solid earnings, low debt, and attractive valuations, presenting compelling long-term opportunities despite macroeconomic volatility. Source: AInvest
Undervalued Middle Eastern Small-Cap Stocks Attract Value Seekers Read More »
Crude prices dipped for the third consecutive day, with Brent falling 0.3% to $66.77 and WTI dropping 0.3% to $63.29. Markets are bracing for a weekend OPEC+ meeting, where further output hikes may be decided—raising supply concerns amid a slowing demand season. Source: reuters
Oil Prices Slip as OPEC+ Meeting Dawns Read More »
Overall, Gulf bourses posted mixed results: Saudi Arabia ended its nine-session losing streak with a 0.3% gain, particularly lifted by a rally in Al Rajhi Bank. Dubai rose slightly; Abu Dhabi slipped, and Qatar’s index fell. Lower oil prices and uncertainty ahead of the upcoming OPEC+ production decisions weighed on investor sentiment. Source: reuters
Mixed Week for Gulf Markets Amid Oil Slump & Rate Cut Speculation Read More »
Gulf stock markets edged upward early today, mirroring gains across Asian markets amid rising expectations of an impending U.S. Federal Reserve rate cut. Saudi Arabia’s index gained 0.3%, supported by financials such as Al Rajhi Bank. Dubai also rose by 0.3% with Emaar Properties and Emirates NBD leading gains, while Abu Dhabi remained flat and
Gulf Markets Climb on Hopes of Fed Rate Cut Read More »