Middle East ETF News Older than One Year
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.
Source: Zawya.com
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.
Source: www.saudiarabianews.net
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.
Source: Zawya.com
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.
Source: World Bank
Gulf edges down; stocks going ex-dividend weigh
March 24, 2016--Gulf stock markets edged down in early trade on Thursday in line with soft oil prices and global bourses.
Markets may condolidate with firm bias
March 23, 2016--Stock markets in the Gulf may consolidate with a firm bias on Wednesday as the global environment remains modestly favorable, with Brent crude oil holding above USD41 a barrel.
Source: Zawya.com
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
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