Middle East ETF News Older than One Year


MIDEAST STOCKS-Saudi bourse may gain as investors digest economic plan

June 8, 2016--Saudi Arabia's stock market may edge higher on Wednesday as the government delivered a series of televised panel discussions with key ministers outlining a five-year economic transformation plan, while other Gulf bourses may hold onto recent gains as oil holds at 2016 highs.

On Monday, the government published a five-year National Transformation Plan (NTP), part of a wider set of reforms launched in April as "Vision 2030".

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Source: Zawya.com


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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Source: AllAfrica.com


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.

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Source: Zawya.com


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...

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Source: AMEInfo


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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Source: AMEInfo


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

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Source: Zawya.com


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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Source: Zawya.com


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.

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