Middle East ETF News Older than One Year
Gulf markets edge down on Saudi concerns
October 26, 2015--Gulf stock markets edged down in early trade on Monday as investors remain concerned about the outlook for the Saudi Arabian market,
where shares have been falling because of concern about next year's state budget.
Source: Zawya.com
Egyptian equities' investors look for a sign
October 25, 2015--Egyptian equities continued their downswing and extended their losses for the year, down
nearly 20 percent down on a year-to-date basis and 28.6 percent from their February peak.
Source: Zawya.com
Market edges up with inception of quarterly earnings-Report
October 23, 2015--The KSE Indices closed in positive as the market witnessed quarterly earnings announcements.
The KSE Index closed at 5,780.76 up 49.50 points as the index reported gains at the beginning of the week, the first three trading sessions recorded 73.66 points, an economic report said.
Source: KUNA
Gulf markets edge down amid oil worries
October 22, 2015--Gulf stocks edged down early on Thursday as worries about the impact of low oil prices on the region continued to deter fresh buying,
even in wealthy countries relatively well insulated from cheap oil such as the United Arab Emirates and Qatar.
Source: Zawya.com
Morningstar Downgrades Morocco To Frontier Market Status
October 22, 2015--Troubling news for Morocco as Morningstar announced that they will be reclassifying the North African economy's position from "emerging market "to "frontier market" status.
According to Sanjay Arya, head of Morningstar Indexes, the rationale behind this demotion is due to a relatively large drop in liquidity over the past few years, consequently declining to levels below the minimum liquidity standards required to remain classified as an "emerging market".
Source: emergingequity.org
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.
Source: Zawya
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
Source: IMF
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
Source: World Bank
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.
Source: Zawya
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.
Source: AllAfrica.com
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