Middle East ETF News for the Past Year
Economic growth in MENA, on track as oil production cuts ease
January 17, 2025--Non-hydrocarbon economic activity to remain robust across the region, says Moody's
Economic growth in the Middle East and North Africa (MENA) region will accelerate to 2.9% in 2025 from an estimated 2.1% in 2024 amid partial unwinding of oil production cuts, Moody's Ratings said.
Indxx Licenses Bitcoin Reference Index to Migdal Mutual Funds Ltd. for an ETF
December 31, 2024-Indxx, a provider of indexing solutions for exchange traded funds (ETFs), is pleased to announce the licensing of the Indxx Bitcoin Reference Index to Migdal Mutual Funds Ltd. as the underlying benchmark for the MTF (4D) Indxx Bitcoin Reference Index Fund (5139886) which began trading today on the Tel Aviv Exchange.
Expect a more subdued Dubai bourse in 2025
December 25, 2024-Dubai bourse up 24.5% this year
Kuwait shows strong potential
Oil prices could slow growth
Following a stellar 2024, Dubai's index is likely to join other Gulf bourses in experiencing a more subdued 2025.
Italy's Azimut and China Universal team up on Abu Dhabi ETF link
December 19, 2024----Azimut will launch a fund in Abu Dhabi to invest in a China Universal ETF in Shanghai and vice versa
Fidelity Investments will become the first asset manager to convert an index mutual fund into an ETF, according to industry analysts.
IMF-Kuwait: Selected Issues
December 9, 2024-Summary
The economy remains in recession, but a recovery has begun in the non-oil sector, and inflation is moderating. Lower oil prices and production have weakened the external and fiscal balances, while financial stability has been maintained.
BlackRock gets Abu Dhabi license to tap into region's capital markets
November 18, 2024--The US asset manager's Abu Dhabi move comes weeks it announced plans to set up its regional headquarters in Saudi Arabia
The world's biggest asset manager BlackRock Inc has obtained a commercial license in Abu Dhabi and has revealed plans to seek regulatory approval to operate in the Abu Dhabi Global Market (ADGM).
Mideast Stocks: Saudi bourse falls on oil; Qatar gains
November 10, 2024--Saudi Arabia's benchmark index fell 0.2% in a choppy trade
Saudi Arabia's stock market ended slightly lower on Sunday after a fall in oil prices at the end of last week, while banking shares helped lift Qatar's benchmark index.
ETF tracking HK-listed equities debuts on Saudi Exchange
November 1, 2024--A new exchange-traded fund (ETF) tracking Hong Kong-listed stocks,the SAB Invest Hang Seng Hong Kong ETF,has debuted on the Saudi Exchange on Thursday,following the launch of Saudi Arabia's first ETF tracking the Hong Kong equity market on the Saudi bourse on Wednesday.
Duo dream big with Abu Dhabi's first tokenised treasuries fund
October 31, 2024--Fund launched on ADGM
Blockchain-based token
Targeting crypto users
The first tokenised treasury bill fund licensed in the Abu Dhabi Global Market launched on Thursday, with its creators hoping to attract $100 million from investors within a year.
UAE non-oil economy to grow 4% in 2025, driven by a surge in investment inflows
October 18, 2024-Non-oil growth will drive the UAE's economy in 2025, with a 4% growth projection, driven by higher investment inflows, which will partly be channelled through the financial and real estate markets.