Middle East ETF News Older than One Year
IMF-United Arab Emirates: 2016 Article IV Consultation
July 27, 2016--Summary: Context. Sustained low oil prices have led to a weakening of fiscal and external positions, tightening of monetary and financial conditions, and somewhat softer economic sentiment.
Substantial fiscal consolidation was achieved in 2015, but it has weighed on non-oil growth and banks' asset quality. Outlook and risks. Non-oil growth is expected to slow further in 2016, before improving over the medium term as oil prices recover and investment picks up in the run-up to the Expo2020. Macro-financial risks have increased, though the UAE's large buffers and safe-haven status have helped to limit negative inward spillovers.
Source: IMF
Dubai's DFM second-quarter profit slumps 60 per cent
July 26, 2016--Income got affected as the trading value of shares declined.
Source: AMEInfo.com
UAE firm but Saudi weighed down by petrochemicals
July 25, 2016--Gulf bourses diverged in early trade on Monday with the two main bourses in the United Arab Emirates recovering from losses on the previous day but Riyadh's stock index dragged lower by petrochemicals.
Source: AMEInfo
Gulf bourses soft as oil's fall outweighs Q2 earnings
July 24, 2016--Gulf stock markets were soft in early trade on Sunday as weaker oil prices at the end of last week outweighed a few positive corporate earnings in Saudi Arabia.
Source: AMEInfo.com
Gulf bourses soft as oil's fall outweighs Q2 earnings
July 24, 2016--Gulf stock markets were soft in early trade on Sunday as weaker oil prices at the end of last week outweighed a few positive corporate earnings in Saudi Arabia.
Source: AMEInfo
IMF Executive Board Concludes 2016 Article IV Consultation with the United Arab Emirates
July 20, 2016--On July 20, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation 1 with the United Arab Emirates.
Persistently lower oil prices continue to weigh on economic sentiment and fiscal and external positions, but large buffers built over time have provided ample policy space, limited negative inward spillovers and contained the weakening of investor appetite.
Non-oil economic activity has slowed to 3.7 percent in 2015 driven by a contraction of public investment in the context of fiscal consolidation, and lower contribution from domestic private demand. Negative effects on overall growth were partially offset by the increase in oil production. Despite the strong fiscal policy response to adjust to lower oil prices, the fiscal balance turned to a deficit of 2.1 percent of GDP, while the current account surplus declined to 3.3 percent of GDP.
Source: IMF
Gulf stock markets narrowly mixed in quiet trade; Saudi banks firm
July 18, 2016--Gulf stock markets were narrowly mixed in quiet, early trade on Monday although Saudi Arabian banks rose after a couple of them announced second-quarter earnings.
The Saudi stock index edged up 0.2 percent in the first half-hour as Riyad Bank gained 0.9 per cent.
Source: AME Info
Turkey keeps Gulf wary, Saudi's NCB falls after earnings
July 17, 2016--Gulf stock markets moved little early on Sunday as the failed coup attempt in Turkey kept investors cautious, while Saudi Arabia's largest listed bank dropped after reporting second-quarter earnings.
Source: AMEInfo
Mideast's record output consolidates Opec share
July 13, 2016--Oil output from the Middle East rose to a record high in June, with production rising above 31 million barrels per day for the third month running.
Source: Zawya.com
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
