Middle East ETF News Older than One Year
Saudi cyclical earnings miss estimates
April 21, 2016--Major cyclical stocks reported earnings that fell short of expectations.
Petrochemical companies have so far posted better than expected results...
Source: AMEInfo
Abu Dhabi picks banks for benchmark dollar bond-leads
April 18, 2016--The Emirate of Abu Dhabi has mandated banks to arrange a benchmark-sized U.S. dollar bond issue, according to a document from lead managers, marking the sovereign's return to the international bond market after an absence of seven years.
Abu Dhabi has hired Bank of America-Merrill Lynch, Citigroup and JP Morgan to organise investor meetings...
Source: AMEinfo
Egypt's economy to grow just 3.5 per cent in 2016/17-poll
April 18, 2016--Egypt's economy will grow by just 3.5 percent over the 2016/17 fiscal year, widely missing the government's target of 5.2 percent and dipping below last year's growth rate, a Reuters poll found.
The economy grew by about 4.2 percent during the 2014/15 fiscal year, the government has said.
Source: AMEinfo
A breakdown: Why the Doha oil meeting collapsed
April 18, 2016--The world placed high hopes on Sunday's Doha oil meeting, but parties reached no solid agreement.
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday, leading to a steep drop in oil prices towards $40 on Monday.
Source: AMEinfo
Doha oil meeting: what's the point?
April 14, 2016--All eyes are trained on Doha, where some 15 major crude exporters are slated to meet on Sunday in a move to stabilize the volatile oil market.
Source: AMEinfo
Gulf bourses may be firm as company earnings top forecasts
April 14, 2016--Gulf bourses may remain generally firm on Thursday as companies' first-quarter results continue to come in above analysts' forecasts and as the Brent oil price stays above $43 a barrel.
Saudi Arabia's index, last at 6,442 points, faces technical resistance on the March peak of 6,525 points.
Source: AMEinfo.com
Gulf markets upbeat; Dubai's Emaar surges
April 14, 2016--Strong earnings lifted stock markets in Saudi Arabia, Oman in early trade, while Emaar Properties supported Dubai's index after it announced a planned exit from an Indian partnership.
Source: Zawya.com
Gulf markets rise modestly on firm oil prices, global bourses
April 13, 2016-Gulf stock markets rose moderately in early trade on Wednesday, encouraged by an overnight jump in oil prices and strength in Asian bourses after strong Chinese trade data.
Banks led Saudi Arabia up on positive first-quarter earnings. The Saudi index climbed 0.5 per cent as National Commercial Bank, the biggest lender, rose 2.0 per cent.
Source: AMEinfo
Egypt's economy set for a slow 2016
April 13, 2016--A widening current account deficit is expected to add pressure on the country's net international reserves.
Source: Meed
Gulf markets rise modestly on firm oil prices
April 13, 2016--Gulf stock markets rose moderately in early trade on Wednesday, encouraged by an overnight jump in oil prices and strength in Asian bourses after strong Chinese trade data.
Source: Zawya.com
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