Middle East ETF News Older than One Year
IMF-Financial Conditions and Their Growth Implications for Qatar: Qatar
March 7, 2025-Summary
This paper develops a Financial Conditions Index (FCI) for Qatar and uses the Growth-at-Risk (GaR) framework to examine the impact of financial conditions on Qatar's non-hydrocarbon growth. The analysis shows that the FCI is an important leading indicator of Qatar's non-hydrocarbon growth, highlighting its predictive potential for future economic performance.
The GaR framework suggests that overall, the current downside risks to Qatar's baseline non-hydrocarbon growth projections are relatively mild.
Source: imf.org
IMF-Artificial Intelligence in Qatar: Assessing the Potential Economic Impacts
March 7, 2025-Summary
Qatar has been actively preparing to embrace the transformative potential of artificial intelligence (AI), allowing it to lead its Emerging Market peers in AI readiness. Qatar's AI exposure has increased significantly over the years, and increasing AI adoption is assessed to yield more opportunities than risks for the country's labor force, thanks to the private sector's contribution in increasing jobs that are more likely to benefit from AI-driven productivity gains
Scenario analyses suggest that increasing AI adoption, supported by policy reforms to boost human capital, innovation and domestic knowledge spillovers, could generate sizeable labor productivity gains over the medium term.
Source: imf.org
Saudi Tadawul profit surges 60% on higher trading value
March 3, 2025-Saudi Tadawul Group, the owner and operator of the kingdom's stock exchange, reported a 59 percent jump in 2024 profit, as annual trading value and listing services revenues rose by 38 percent and 27 percent, respectively.
Net profit was SAR622 million ($166 million) compared to SAR390 million in 2023, the company said in a bourse filing on Sunday.
The average daily traded value reached SAR7.5 billion last year and 58 new securities were listed, taking the total to 353, the company said.
Source: agbi.com
Egypt's economic growth likely to accelerate, says bank
February 28, 2025-Economic growth in Egypt, the third-largest Arab economy, is expected to accelerate this year, driven by expansion in several sectors including transport, financial services and housing, according to a European development bank.
In the 2024-2025 fiscal year to June 30, growth may accelerate to 3.6 percent from 2.4 percent a year before, and 4.6 percent in 2025-2026, the London-based European Bank for Reconstruction and Development (ERBD) said in a report this week on economic prospects for the south and east Mediterranean region.
Source: agbi.com
Abu Dhabi Securities Exchange welcomes the listing of Chimera iBoxx US Treasury Bill ETF
February 20, 2025-Provides direct exposure to short-term US government debt, known for its low risk and stability
First ETF of its kind in the region
ADX's 16th ETF listing and first of 2025
The Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today the listing of Chimera iBoxx US Treasury Bill, a newly launched exchange-traded fund (ETF) managed by Lunate Capital.
The fund marks the first ETF listing on ADX in 2025, further expanding the exchanges' diverse portfolio of investments offerings by providing investors with access to global fixed-income assets.
The Chimera iBoxx US Treasury Bill ETF provides investors with exposure to USD-denominated Treasury bills issued by the US government.
Source: zawya.com
Mubadala puts $436m into BlackRock's bitcoin ETF
February 17, 2025- 8m shares acquired in Q4
Move follows 86% rise in bitcoin
Increased confidence in crypto
Mubadala has invested $436 million in BlackRock's bitcoin exchange-traded fund.
The Abu Dhabi sovereign wealth fund acquired 8.2 million shares in the iShares bitcoin ETF during the fourth quarter of 2024, according to Mubadala's latest filing to the US Securities and Exchange Commission.
Source: agbi.com
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.
Inflation-adjusted real GDP growth for the region's hydrocarbon exporters will surge to 3.5% this year from the 1.9% forecast for 2024, supported by Saudi Arabia, the UAE, Iraq, Kuwait, and Oman who have started to reverse some of their oil production cuts implemented in 2023, said Alexander Perjessy, Vice President-Senior Credit Officer at Moody's.
Source: zawya.com
Saudi Arabia's PIF invests $200m in JP Morgan fund
January 9, 2025-PIF adds exchange-traded fund
Listed on LSE and Deutsche Borse
Total assets of $241 million
Saudi Arabia's Public Investment Fund has invested $200 million in a recently launched exchange-traded fund that tracks dollar-denominated bonds and sukuk issued by the kingdom's government and quasi-state entities.
The JP Morgan Saudi Arabia Aggregate Bond UCITS ETF, created in mid-December, is the first internationally listed fixed-income Saudi Arabian ETF.
Source: agbi.com
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.
The Indxx Bitcoin Reference Index is a daily benchmark designed to provide a reliable and transparent reference price for Bitcoin.
Rahul Sen Sharma, President, and Co-CEO at Indxx said, "The cryptocurrency market has experienced remarkable growth in recent years, with Bitcoin solidifying its position as a leading cryptocurrency. In December 2024, it achieved an all-time high exceeding $107,000, showcasing its potential for significant returns.1
With its low correlation to traditional asset classes, Bitcoin offers valuable diversification, which has drawn increasing interest from investors. As more countries embrace cryptocurrency, we anticipate continued global expansion in this market. We are excited to partner with Migdal Mutual Funds Ltd. to bring this innovative investment strategy to Israeli investors."
Source: Indxx
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.
Dubai’s growing population, record tourism and trade revenues and a near-doubling of residential property prices since January 2021 helped to propel the emirate's bourse to a 10-year peak last week.
Source: agbi.com
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