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Dubai hits two-week low, other Gulf markets slip
October 21, 2015--Dubai's stock index slumped to a two-week low in early Wednesday trade as the prolonged drop
in oil prices weighs on prices across the market.
IMF Survey-Low Oil Prices, Conflict Weigh on Middle East's Prospects
October 21, 2015--Region to see modest growth this year, amid rising uncertainty
Oil exporters face fiscal challenge and need to diversify their economies
Oil importers see gains, but should seize opportunity provided by low oil prices to enact needed reforms
The Middle East, North Africa, Afghanistan, and Pakistan region as a whole continues to see subdued growth, owing to spreading and deepening regional conflict as well as lower oil prices, the IMF said in its latest regional assessment.
view the IMF Regional Economic Outlook-Middle East and Central Asia-October 2015
World Bank: Economic Indicators Failed to Predict Arab Uprisings
October 21, 2015-- A longtime reliance on economic indicators as a barometer of progress in Middle Eastern and North African countries masked the level of frustration and dissatisfaction in the region ahead of the 'Arab Spring,' according to a new World Bank report released today.
While many observers praised the region for its consistently high growth rates in the years leading to the Arab Spring, polling of populations at the same time showed a precipitous decline in life satisfaction scores, especially for the middle class, said the latest Middle East and North Africa Economic Monitor.
view the MENA ECONOMIC MONITOR-Inequality, Uprisings, and Conflict in the Arab World
Gulf shares languish, Qatar's Nakilat gains on foreign limit
October 20, 2015--Gulf shares lacked direction in thin trading on Tuesday
with a weak oil backdrop making investors shy of increasing risk.
Egypt: Egypt Bourse Gains Egp 2.3 Billion Last Week
October 18, 2015--The Egyptian Exchange closed the past week with gains amounting to EGP 2.3 billion in only four sessions due to
the national holiday of the Hijri (Islamic) new year.
Dubai thriving to become benchmark for Smart cities: Official
October 15, 2015--"Nearly half of the world's 26 Smart cities will arise in emerging markets
, including the Middle East"
IMF-Saudi Arabia: Selected Issues
October 15, 2015--ASSESSING THE IMPORTANCE OF OIL AND INTEREST RATE SPILLOVERS FOR SAUDI ARABIA
1. Oil prices have fallen by over 40
percent since mid-2014 while the Fed is expected in the coming months to
begin raising its policy rate at the beginning of a gradual tightening cycle.
Given the importance of oil to the economy and the peg of the riyal to the
U.S. dollar, these are two key developments for Saudi Arabia. This paper assesses the importance of these shocks to the economy and banking system through a number of methodologies.
view the IMF-Saudi Arabia: Selected Issues
Oil plunge to drive MENA growth lower: Report
But 'GCC members have massive reserves that will act as a buffer' for slump in revenues
October 12, 2015--The current low prices of crude oil and geopolitical turmoil in the Middle East and North Africa region are expected to drive the economic growth of the region's economies lower.
Current projects put growth forecasts at 2.3 per cent, KAMCO Investment Company says in a new report.
Orascom bid for Beltone boosts Egypt; Saudi mixed
October 8, 2015--News that Orascom Telecom Media and Technology is seeking to buy Beltone Financial boosted Egypt's stock market on Thursday,
while Saudi Arabia's market was narrowly mixed after oil prices pulled back.
QNB supports Qatar after earnings, other mkts soft
October 8, 2015--Qatar National Bank supported Qatar's stock market in early trade on Thursday after the bank
reported higher-than-expected third-quarter earnings, while other Gulf bourses were soft after oil and Asian equity prices pulled back slightly.
