Middle East ETF News Older than One Year
UAE stock markets crash over oil price slump
December 11, 2014--The Dubai Financial Market (DFM) plummeted 7.42 per cent to close at a nine-month low at 3,594.95 points on Thursday, December 11.
Not a single share gained value. The gauge's sister index ADXGI in Abu Dhabi dived 4.40 per cent to end at 4,381.16 points, a near one-year low.
Source: AME Info
Qatar market remains under selling pressure
December 10, 2014--The Qatari market index QE 20 slipped 0.11 per cent to hit 12,339.87 points on Wednesday, December 10.
Banks and telecoms advanced and halted the steep fell of the Doha-based bourse somewhat. Qatar National Bank or QNB closed unchanged at QAR205.
Source: AME Info
While Abu Dhabi blue chips dip, the market rises
December 10, 2014--The ADX General Index advanced by 0.36 per cent to close at 4,582.91 points on Wednesday, December 10.
Etisalat lost 0.88 per cent to AED11.30. Aldar Properties dived 1.75 per cent to AED2.80.
Source: AME Info
Bears show some exhaustion at Dubai market
December 10, 2014--The decline at the Dubai financial market decelerated on Wednesday, December 10.
The market index DFMGI fell by 0.15 per cent to 3,882.90 points.
Source: AME Info
IMF-Kuwait: Selected Issues Paper
DESIGNING AND IMPLEMENTING FISCAL POLICY FOR THE MEDIUM TERM1
December 9, 2014--Kuwait's highly volatile fiscal revenues and a non-diversified economy imply that fiscal policy has two important goals: (i) to smooth spending and build precautionary and intergenerational savings; and
(ii) to facilitate economic diversification.
Going forward, successfully formulating and implementing medium-term fiscal policy require parallel efforts to strengthen the annual budget process and macroeconomic forecasting through fiscal strategy, including medium-term fiscal and expenditure frameworks, and to build and enhance capacity at the Ministry of Finance through the macro-fiscal unit.
Source: IMF
DP World steadfast amid the stock market slump
December 9, 2014--The FTSE NASDAQ Dubai UAE 20 Index dived 3.04 per cent to reach 3,862.10 points on Tuesday, December 9.
At the NASDAQ Dubai, global port operator DP World slipped 0.52 per cent to $21.19. The share has been outperforming GCC markets in recent days, as blue chips plummeted across the board. Depa Limited fell by 1.50.
Source: AME Info
Oil price slump drags Kuwait market down
December 9, 2014--The KSE Market Index fell by 1.90 per cent to 6,534.82 points.
Oil generates 95 per cent of Kuwait's public budget. The black gold fell below $64 dollars per barrel on Tuesday. Wethaq Takaful Insurance Company closed 8.62 per cent higher at KD0.063.
Source: AME Info
Dubai market index falls to 10-month low
December 9, 2014--For the second consecutive session, the Dubai financial market index DFMGI lost more than three per cent, ending off 3.52 per cent to 3,888.79 points on Tuesday,
December 9, as oil prices hit fresh new lows at $63.50 per barrel (US crude).
Source: AME Info
DFM gloom continues as Crude reality kicks in
December 9, 2014--Heading towards its longest losing streak since 2012, the DFM is showing few signs of promise.
Source: AME Info
GCC exchange traded fund under discussion with S & P Dow Jones Indices
December 8, 2014--"We are discussing in terms of how to create it, what to create on and how it will add value to investors," S & P Dow Jones Indices MENA head said.
Fund managers and banks are in talks with S & P Dow Jones Indices, a global index provider, to launch an exchange traded fund, which will invest in companies in the GCC, Charbel S. Azzi, Head of Middle East, Africa & CIS, at S & P Dow Jones Indices told Gulf News.
Source: gulfnews.com
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