Middle East ETF News Older than One Year
DGCX Hits the Highest Daily Volume
July 27, 2016--Trading volumes on the Dubai Gold & Commodities Exchange (DGCX) witnessed a new daily trading record on Tuesday, July 26, leading the Exchange to record its highest ever daily volume of 176,645 contracts valued at USD 3.6 Bn.
Source: Dubai Gold & Commodities Exchange (DGCX)
BlueStar Israel Weekly Market Snapshot-Issue #2
July 27, 2016--BlueStar Israel Weekly Market Snapshot-Issue #2 is now available.
Source: BlueStar Indexes
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
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