Middle East ETF News Older than One Year
Oil's leap may boost Gulf, Egypt's bullish
March 17, 2016--A leap of oil prices may boost Gulf stock markets, while Egypt may remain firm on positive sentiment after this week's currency devaluation, despite a looming interest rate hike.
Source: Zawya.com
Profit-taking continues in Gulf markets
March 16, 2016--Stock markets in the United Arab Emirates and Qatar fell in early trade on Wednesday in another day of profit-taking after strong gains since mid-February.
Source: Zawya.com
Gulf markets pull back in early trade as oil weakens
March 15, 2016--Stock markets in the United Arab Emirates and Qatar fell in early trade on Tuesday as some blue chips went ex-dividend and investors sold oil-linked shares.
Source: Zawya.com
Egypt just slashed the value of its currency by 13%
March 14, 2016--Egypt's state news agency says the central bank has devalued the pound to 8.85 pounds per U.S. dollar from a previous 7.73, a move taken amid a crippling dollar shortage.
Economists have said that Monday's devaluation was necessary to spare the treasury from spending desperately needed foreign currency to prop up the Egyptian pound.
Source: businessinsider.com
Gulf stock markets may consolidate as oil stalls
March 14, 2016--Stock markets in the Gulf may trade narrowly on Monday as long-term investors slowly rebuild positions.
Source: Zawya.com
Are we actually nearing an oil output freeze?
March 13, 2016--Iran has agreed to limit production but only after it boosts its levels to 4m barrels per month.
Source: AME Info
Dubai, Qatar slip; Abu Dhabi down on sell order backlog
Source: Zawya.com
Arabtec lifts Dubai, blue chips drag on Qatar, Abu Dhabi
Source: Zawya.com
Gulf markets little changed, Arabtec's rise slows
Source: Zawya.com
Kuwait's Americana: No update on stake sale
Source: Zawya.com
March 10, 2016--Stock markets in Dubai and Qatar extended the previous day's losses in early trade on Thursday, while Abu Dhabi pulled back after poor weather forced the closure of the exchange on Wednesday.
March 3, 2016--Arabtec pulled up Dubai's stock market early on Thursday, encouraging investors to buy mid-cap stocks.
March 2, 2016--Gulf stock markets were little changed in early trade on Wednesday as they digested gains made over several days.
March 1, 2016--Kuwait Food Co (Americana) said that there was no update in the process of selling a controlling stake in the company to an investment firm.
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