RMB adoption in the Middle East is reshaping regional economies and trade flows
you are currently viewing::RMB adoption in the Middle East is reshaping regional economies and trade flowsMarch 11, 2026--A new study by Standard Chartered pegs the primary drivers behind RMB's growth in the region to energy settlements in the Middle East The primary driver behind Renminbi's growth in the Middle East is the energy settlements in the region with Chinese buyers who are increasingly favouring RMB denomination, the global bank said in a study. Infrastructure finance, linked to China-backed projects and contractors, along with strategic diversification, further adds RMB optionality alongside the US dollar. Source: zawya.com |
July 13, 2026-Saudi Arabia's benchmark index eased 0.2%
Major stock markets in the Gulf retreated on Monday as hostilities escalated across the region and Iran asserted that it had sealed the strategically vital Strait of Hormuz, sending oil prices higher and reigniting global inflation fears.
July 8, 2026-New UAE regulatory milestone reinforces Vantage's long-term commitment to the region
Vantage Markets ("Vantage"), a global multi-asset CFD broker, today announced that it has secured its Capital Market Authority (CMA) Category 5 licence in the United Arab Emirates, marking a significant milestone in the brand's long-term growth strategy across the MENA region.
July 7, 2026-Saudi Arabia's benchmark index dipped 0.2%
Major Gulf stock markets were mixed in early trading on Tuesday as investors looked for cues from upcoming corporate earnings, softer oil prices and renewed tensions between the U.S. and Iran.
July 6, 2026-Saudi Arabia's benchmark index rose 0.2%
Major stock markets in the Gulf edged higher in early trade on Monday as investors turned their focus to corporate earnings while also assessing U.S.-Iran developments.
July 6, 2026-Initiative supports efficient price formation and enhanced liquidity for investors
The Abu Dhabi Securities Exchange (ADX) Group today announces the removal of daily price limits for Exchange Traded Funds (ETFs) and futures contracts listed on the Exchange, reinforcing its commitment to a more efficient, liquid, and investor-responsive market. This will be in effect from 3 August 2026.
June 25, 2026-Saudi Arabia's benchmark stock index eased 0.3%
Major stock markets in the Gulf fell in early trade on Thursday,pressured by weaker oil prices and rising bets on U.S. interest rate hikes this year.
June 23, 2026--amana, one of the MENA region's leading neo-brokers, has partnered with Zoya, a company that develops software to help Muslims align their faith with their finances, to introduce a seamless Shariah-compliance screening system designed to make halal investing easier, clearer, and more accessible for users across the region.
June 23, 2026-The ETF tracks the Solactive GCC Shariah Dividend Index, which has an index market capitalization of $1.49 trillion
The Abu Dhabi Securities Exchange (ADX) Group welcomed on Tuesday the listing of the Chimera Solactive GCC Shariah Dividend ETF (GCCDIV), marking the fourth listing of the year.
June 22, 2026--Dubai's main share index added 0.1%
Most Gulf markets inched higher on Monday after Iranian negotiators reported progress in peace talks with the United States, soothing fears that the process was faltering.