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Egypt: EGX Gains Egp 2.1 Billion
June 8, 2016--The Egyptian Exchange (EGX) gained 2.1 billion pounds at the end of Tuesday's trading backed by purchase operations by investment funds and financial institutions.
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Investors lukewarm on Saudi reform plan, fear hit to economy
June 7, 2016--Plan contains hundreds of policies and targets
Most detailed, ambitious revamp of economy in decades
But austerity steps will be big drag on economy
Private sector will be pressured as it's asked to do more
Investors gave a lukewarm response to Saudi Arabia's economic reform plan on Tuesday as they worried that steps to rein in a $100 billion state budget deficit could cause a deep slowdown in the kingdom.
Market making set to return to Abu Dhabi stock exchange
June 6, 2016--Market making is set to return to the Abu Dhabi stock exchange (ADX) later this year, sources told Reuters on Monday.
The plan is for three institutions, including National Bank of Abu Dhabi, the largest bank by assets in the United Arab Emirates, to offer "bid" and "ask" prices to increase trading volumes on...
Business sentiment wanes as Middle East economic outlook worsens
June 6, 2016--Optimism in the Middle East region's business world has dwindled to its lowest levels in several years, if new survey findings are any indication.
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Saudi shares fall before reform news; Zain up on refinancing
June 5, 2016--Saudis expected to announced details of reforms
Zain Saudi up 10 pct daily limit on loan refinancing.
UAE economic data support Dubai and Abu Dhabi shares
Dubai index rebounds from support on 100-day average
Egypt's non-oil business activity shrinks, hits shares
MIDEAST STOCKS-Gulf bourses may be caught in a lull ahead of Ramadan
June 5, 2016--Stock markets in the Gulf may follow global markets lower on Sunday, although activity is expected to be weak ahead of the Muslim holy month of Ramadan.
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Full text of Saudi Arabia's Vision 2030
May 1, 2016--The Saudi cabinet has endorsed a sweeping set of programs and reforms to be implemented by 2030.
Foreword
It is my pleasure to present Saudi Arabia’s vision for the future. It is an ambitious yet achievable blueprint, which expresses our long-term goals and expectations and reflects our country's strengths and capabilities.
