Middle East ETF News Older than One Year
Swift to launch Islamic Finance Rulebook
September 4, 2014--Swift, in collaboration with The Association of Islamic Banking Institutions Malaysia (AIBIM) and the Malaysian Islamic financial community, announces that it will launch a new rulebook for the usage of Swift MT messages Isfor lamic finance.
Islamic finance is broadly defined as the financial services designed to comply with the principles of Islamic law.
This rulebook will provide greater clarity around Swift MT message usage based on Islamic principles in order to enable straight-through processing (STP), thereby improving efficiency as well as reducing risk and cost.
Source: AME Info
Dar Al Arkan shares fail to bank on Moody's rating
September 3, 2014--The Tadawul All-Shares Index TASI consolidated above 11,000 points on Wednesday, September 3.
The gauge closed 0.12 per cent higher at 11,061.14.
Source: AME Info
UAE non-oil private sector boom boosts stock market
September 3, 2014--With the UAE economic boom 'in full flow', according to HSBC chief economist Middle East and North Africa Simon Williams, the Dubai financial market general index (DFMGI) rose by 1.11 per cent to close at 5,171.95 points on Wednesday, September 3.
The gauge gained 57 per cent year to date.
Source: AME Info
Waha Capital soars on hedging of AerCap investment
September 3, 2014--In Abu Dhabi, the ADX General Index ended one per cent higher at 5,180.71 points on Wednesday, September 3.
Waha Capital surged by 3.40 per cent to reach AED3.05.
Source: AME Info
Saudi bourse flat as shares close mixed
September 1, 2014--The Tadawul All-Share Index added 0.04 per cent to hit 11,116.75 points on Monday, September 1.
WAFA Insurance surged 9.97 per cent to reach SAR37.50. AXA Cooperative Insurance dived 4.73 per cent to SAR49.30. Market bellwether share SABIC, the world's first producer of petrochemicals, dipped 0.25 per cent to SAR132.75.
Source: AME Info
Saudi bourse flat as shares close mixed
September 1, 2014--The Tadawul All-Share Index added 0.04 per cent to hit 11,116.75 points on Monday, September 1.
WAFA Insurance surged 9.97 per cent to reach SAR37.50. AXA Cooperative Insurance dived 4.73 per cent to SAR49.30. Market bellwether share SABIC, the world's first producer of petrochemicals, dipped 0.25 per cent to SAR132.75.
Source: AME Info
Dubai bourse rises as Emaar hits six-year high on mall IPO euphoria
September 1, 2014--The Dubai financial market continued to rally on Monday, September 1, albeit amid a negative market breadth.
Emaar remained in the spot light, closing 4.50 per cent higher at AED11.65, the highest level since spring 2008.
Source: AME Info
NASDAQ Dubai resumes trading in Depa shares
September 1, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 1.71 per cent at 4,622.44 points on Monday, September 1.
DP World fell by 1.55 per cent at $19. Emirates REIT slipped 0.07 per cent at $1.44. Per the order to the market regulator DFSA, the exchange resumed trading in interior design firm DEPA Limited.
Source: AME Info
Aldar advances as developer sells Marina Square residential tower
September 1, 2014--The Abu Dhabi equity market index ADX General ended up 0.90 per cent at 5,128.57 points on Monday, September 1.
Aldar Properties, as the most liquid stock, gained 1.75 per cent to reach AED1.75. Earlier in the day, the first developer in Abu Dhabi announced that it sold a residential tower with 202 apartments...
Source: AME Info
Qatar Exchange scratches at 13,700
September 1, 2014--The Doha-based Qatar Exchange (QE) 20 Index added 0.76 per cent, finishing the first day of September 2014 at 13,699.51 points.
Qatar National Bank ended up 1.80 per cent at QAR197. General Insurance lost the most, finishing off 1.90 per cent at QAR46.10.
Source: AME Info
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