The Dubai Financial Market (DFM) ended 2007 with a fall of 1.2%, closing on 5,932 points. The Public Warehousing Company was the day's main gainer, rising 15% to finish the year on just under Dhs20. The Abu Dhabi Securities Market (ADSM) also finished in the red, declining 0.6% to settle on 4,551.8 points. In Saudi Arabia, the Tadawul All Share Index (Tasi) also dipped 0.6% to end on 11,176 points.

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The Dubai Financial Market (DFM) ended 2007 with a fall of 1.2%, closing on 5,932 points. The Public Warehousing Company was the day's main gainer, rising 15% to finish the year on just under Dhs20. The Abu Dhabi Securities Market (ADSM) also finished in the red, declining 0.6% to settle on 4,551.8 points. In Saudi Arabia, the Tadawul All Share Index (Tasi) also dipped 0.6% to end on 11,176 points.

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The GCC common market is set to be launched tomorrow, Tuesday, January 1, reported the KUNA. It is hoped the formation of the union will help increase investment in the region, boost education and healthcare while also providing local citizens greater ease of movement and residency. The launch of the market is a key step on the road to monetary union which is planned for 2010.

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The GCC common market is set to be launched tomorrow, Tuesday, January 1, reported the KUNA. It is hoped the formation of the union will help increase investment in the region, boost education and healthcare while also providing local citizens greater ease of movement and residency. The launch of the market is a key step on the road to monetary union which is planned for 2010.

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Saudi Arabia's Ministry of Commerce and Industry has given its approval to the establishment of the Aloula Geojit Brokerage Company, which will operate as a joint stock outfit with a capital of $106.7m. The firm will be based in Riyadh and will act as an agent at the Tadawul All Share Index. The Geojit Indian Company will be the financial brokerage's operating partner.

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Saudi Arabia's Ministry of Commerce and Industry has given its approval to the establishment of the Aloula Geojit Brokerage Company, which will operate as a joint stock outfit with a capital of $106.7m. The firm will be based in Riyadh and will act as an agent at the Tadawul All Share Index. The Geojit Indian Company will be the financial brokerage's operating partner.

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