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Syria: Reconstruction Could Foster Peace
April 12, 2016-Development institutions can take immediate actions inside and outside Syria to help make peace happen today, according to a new World Bank report released today. With the battles still ongoing, the Middle East and North Africa's short-term prospects remain grim as the humanitarian and economic situation in the war-torn countries keeps deteriorating.
The report provides an economic outlook for the Middle East and North Africa (MENA), predicting that regional GDP growth will average 3 percent for 2016.
view the MENA Economic Monitor, Spring 2016: Reconstruction for Peace in Syria
Gulf may consolidate as investors eye earnings
April 11, 2016--Stock markets in the Gulf may rise on Monday as oil prices stabilise over $42 a barrel, encouraging investors to focus on long-term fundamentals.
Riyadh's index will continue to be driven by earnings announcements, which have already set the tone for how companies in the kingdom are performing in light of a slowing business cycle.
AMF Releases March 2016 Edition of "Arab Economic Outlook Report"
April 9, 2016--Arab Monetary Fund Releases March Edition of "Arab Economic Outlook Report" Including Forecasts of Macroeconomic Performance for Arab Countries in 2016 and 2017
Arab Economies are Expected to Grow by 2.8 Percent in 2016 and 3.1 Percent in 2017
As part of its continuous efforts to support policy makers in the Arab region, the Arab Monetary Fund (AMF) releases March edition of the "Arab Economic Outlook" report which includes projections for the macroeconomic performance of Arab Countries in 2016 and 2017.
The report has outlined the challenges facing the world economy in the next two years. It is expected that OPEC producers will reach an agreement not to further increase oil production level, which in conjunction with the decline in oil shale production will strengthen oil prices and bring about a relative stability in the oil market. It is projected that the average price of oil will be $40 per barrel in 2016.
Nasdaq Dubai welcomes listing of two Sukuk from the government of Indonesia valued at USD 2.5 billion
April 5, 2016--Nasdaq Dubai has welcomed the listing of two Sukuk issued by the government of Indonesia with a total value of 2.5 billion US dollars.
The total nominal value of Sukuk currently listed on Dubai's exchanges has now reached 42.31 billion US dollars, strengthening its position as the largest centre globally for Islamic bond listings.
Value of Arab capital markets falls to USD984.3bn
April 5, 2016--The total value of Arab capital markets reached USD 984.3 billion (AED 3.61 trillion) by the end of the first quarter of this year, marking a drop of 7.1% (USD 75.7 billion) from the USD 1.06 trillion recorded by the end of 2015.
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Gulf markets edge down after oil pulls back
March 31, 2016--Gulf stock markets edged down early on Thursday in the absence of fresh, positive news, and after oil prices pulled back slightly overnight.
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Gulf markets mixed, Dubai bounces from support
March 30, 2016--Gulf stock markets were mixed in quiet, early trade on Wednesday though Dubai's index bounced from technical support.
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The Saudi Stock Exchange (Tadawul) Announces The Commencement Of Its Equities And ETF Markets New Trading Hours Next Sunday
March 30, 2016--With reference to the Saudi Stock Exchange announcement dated 1437/05/01H corresponding to 10/02/2016G, in relation to changing its equities and ETF markets trading hours, the Saudi Stock Exchange (Tadawul) announces the commencement of the new trading hours of its equities and ETF markets as of next Sunday 25/06/1437H corresponding to 03/04/2016G as follows:
1. The Pre-trading session to start at 9:30 AM until 10:00 AM
a. The pre-trading session is where buy and sell orders are either entered, modified (quantity or price) or cancelled. However, during this session, orders are neither matched nor executed but it will remain held in the order book.
Dubai may test chart support
March 28, 2016--Dubai's stock market may test technical support on Monday, while Egyptian investors will react to the government's economic policy plan.
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Mobilizing Resources to Restore Hope in the Middle East and North Africa Region
March 24, 2016--STORY HIGHLIGHTS
The World Bank Group is partnering with the United Nations and the Islamic Development Bank Group to develop the New Financing Initiative to Support the Middle East and North Africa (MENA) Region, which aims to provide urgent development support to MENA countries impacted by the Syrian refugee crisis, conflict, and economic instability.
The heads of the World Bank Group, the United Nations and the Islamic Development Bank Group are travelling together to the region to rally international support for the New Financing Initiative to Support the MENA Region, in advance of a high-level pledging conference that will be held in April 2016.