Middle East ETF News Older than One Year
Citigroup, Ashmore approved to buy Saudi stocks directly
October 1, 2015--Saudi Arabia's Capital Market Authority has granted permission to U.S. bank Citigroup Inc and emerging markets-focused investment manager
Ashmore Group to invest directly in Tadawul, industry sources said.
Source: Zawya.com
Gulf edges up in thin trade after global environment improves
September 30, 2015--Gulf stock markets edged up in early trade on Wednesday after the global market environment improved
but modest trading volumes indicated investors were not prepared to bet on an extended rally.
Source: Zawya.com
Saudi hit by weak oil, commodities; Egypt down modestly
September 29, 2015--Weak oil prices and commodity-related shares hit Saudi Arabia's stock market on Tuesday as it
reopened after a long Eid al-Adha break. Egypt's market edged down only slightly, reflecting an improving technical outlook for that market.
Source: Zawya.com
UAE markets to consolidate; global backdrop sluggish
September 27, 2015--The Dubai stock index faces technical resistance around 3,700 points,
which has capped it since the end of August.
Source: Zawya.com
Palestinians Getting Poorer for Third Year in a Row-World Bank Report Calls for Urgent Measures to Reverse Trend
September 27, 2015--Reduced donor aid, war, suspension of revenue payments and ongoing restrictions by the Government of Israel have had a severe impact on the Palestinian economy.
The World Bank economic report to the Ad Hoc Liaison committee (AHLC), a forum of donors to the Palestinian Authority, examines current economic trends and recommends measures and reforms to stop further deterioration.
"The persistence of the current volatile reality increases anxiety and uncertainty, overshadowing the ability of Palestinians to perceive a brighter future. Economic development measures could serve to build confidence towards a diplomatic horizon that is desperately needed on both sides," said Steen Lau Jorgensen, World Bank Country Director for West Bank and Gaza.
view the Economic Monitoring Report to the Ad Hoc Liaison Committee-September 2015
Source: World Bank
IMF-Israel: Selected Issues
September 26, 2015--On September 16, 2015, the IMF published the Israel: Selected Issues report.
LABOR PRODUCTIVITY IN ISRAEL-WHY IS IT LOW?1
Israel's GDP per capita is low relative to the US, despite high labor input, as labor productivity is low. Catch-up of labor productivity to the US stopped in the 1980s and relative labor productivity has since declined.
Low labor productivity is the result of a low capital-to-labor ratio-kept low by high employment growth-and low total factor productivity growth. The latter may reflect lack of competition and product market restrictions, which are amongst the highest in advanced economies. Boosting competition, lowering product market restrictions, and improving the quality of education and infrastructure would help boost productivity.
view the IMF
Source: IMF
Gulf markets may consolidate before Eid
volume on Tuesday before closing for the rest of the week for the Muslim holiday of Eid al-Adha.
Source: Zawya.com
Egypt: Bourse Declines Following Five-Day Rally
reaching 7234 points after rallying for five consecutive days.
Source: AllAfrica.com
Background mixed for Gulf markets ahead of Eid break
but a slump in Asian equities and the approaching Eid al-Adha holiday may limit investors' appetite.
Source: Zawya.com
Saudi underperforms Gulf as Fed decision hits banks
Gulf stock markets were mixed on Sunday, responding to weaker oil prices and the decision by the U.S. Federal Reserve to leave interest rates unchanged. Egypt's market suffered after its central bank also kept rates on hold.
Source: Zawya
September 22, 2015--Gulf stock markets may consolidate on limited trading
September 21, 2015--Egypt's main index EGX30 declined on Sunday by 0.45 percent,
September 21, 2015--Firmer oil may support Gulf stock markets on Monday,
September 20, 2015--Saudi banks drop after Fed keeps rate unchanged
United Cooperative Assurance tumbles on Binladin claim
Egypt falls after central bank chooses not to cut rate
Markets to close for Eid this week
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