Middle East ETF News Older than One Year
Massive growth potential for Sukuk market in Gulf region, states Dubai Chamber report
Research note sees key role for Sukuks over next decade in securing funds for major projects in Dubai
September 1, 2014--The global Sukuk industry is expected to be one of the fastest growing segments of the Islamic finance industry with huge growth potential in the Gulf Cooperation Council (GCC) region; particularly in Dubai where Sukuks are expected to play an important role over the next decade in securing funds for the substantial line-up of new projects, a report by the Dubai Chamber of Commerce and Industry has stated.
The observations in the report, based on UK Islamic Finance Secretariat (UKIFS) and Malaysia International Islamic Financial Centre (MIFC) data...
Source: Dubai Chamber of Commerce & Industry
MCDR, NASDAQ Dubai to ink dual listing deal in September
August 28, 2014--Egypt's Misr for Central Clearing, Depository & Registry (MCDR) will sign early next month a cooperation agreement with UAE’s NASDAQ Dubai to allow listed companies on both stock markets to dually list their shares in a bid to diversify investment opportunities offered to investors.
Mohamed Abdel Salam, Chairman, MCDR, said in an exclusive to Al Wafd newspaper that MCDR is keen on dual listing with all bourses in the region in order to facilitate dealings for companies wishing to trade in more than one stock market.
Source: Mubasher.info
Saudi market rally loses steam
August 28, 2014--The Riyadh-based Saudi Stock Exchange finished one of the last trading days in August with a day gain of 0.11 per cent, to hit 11,042.03 points on Thursday, August 28, despite negative market breadth.
Seventy shares advanced, while 79 declined.
Source: AME Info
Aluminium Bahrain consolidates at 18-month high
August 28, 2014--In Manama, the Bahrain All-Share Index closed 0.11 per cent higher at 1,475.68 points on Thursday, August 28.
Aluminium Bahrain surged by 1.41 per cent, finishing at BHD0.505.
Source: AME Info
DP World drags down NASDAQ Dubai market index
August 28, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 2.12 per cent lower at 4,421.35 points.
Emirates REIT posted the biggest advance, finishing 1.33 per cent higher at $1.449. DP World plummeted 3.54 per cent to hit $18.78.
Source: AME Info
Investors unimpressed by ex-Arabtec CEO's price demand
August 28, 2014--The Dubai Financial Market General Index fell by 1.16 per cent to close at 4,928.22 points on Thursday, August 28.
Profit takings are a usual occurrence at the end of the month, as fund managers are eager to embellish their monthly results ('performance cosmetics').
Source: AME Info
Etisalat shares buck sluggish market trend
August 28, 2014--The Abu Dhabi equity market index ADXGI ended trading 0.62 per cent lower at 5,097.24 points on Thursday, August 28.
Emirates Telecommunications Corporation, better known as Etisalat and the most valuable Emirati firm, added 0.10 per cent, finishing at AED11.60.
Source: AME Info
Saudi exchange gets comfy above 11,000 points
August 27, 2014--The Dubai Financial Market General Index advanced by 0.23 per cent on Wednesday, August 27, despite negative advance-decline ratio of nine to 19.
The gauge closed at 4,986.13 points. Emaar left the session with a day loss of 0.50 per cent to close at AED10.40.
Source: AME Info
Doha Insurance outlook stable: A. M. Best Ratings
August 27, 2014--In Doha, the Qatar Exchange 20 Index declined by 0.25 per cent to 13,871.21 points on Wednesday, August 27.
Doha Insurance lost 0.16 per cent to QAR30.95.
Source: AME Info
Kuwait market unimpressed by U. S. rally
August 27, 2014--Despite bullish input by the American market (the S&P 500 index closed on Tuesday for the first time above 2,000 points),
the KSE Market Index ended insignificantly higher at 7,396.20 points on Wednesday, August 27.
Source: AME Info
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