Middle East ETF News Older than One Year
Lacklustre Abu Dhabi bourse fails to consolidate beyond 5,000 points
August 4, 2014--The Abu Dhabi equity index ADXGI lost 0.50 per cent to close at 4,968.06 points on Monday, August 4.
Methaq Takaful topped the charts by gaining 5.71 per cent to reach AED1.11. National Bank of Umm Al-Quwain plummeted 9.76 per cent to AED3.33. Market bellwether Etisalat dipped slightly to reach AED11.45.
Source: AME Info
Emaar shares shave AED10 at Dubai market
August 4, 2014--The Dubai financial market equity index DFMGI closed higher at 4,891.25 points on Monday, August 4.
Emaar-and not Arabtec as usual-was the most liquid share as the UAE's first developer inched up by 3.55 per cent to hit AED10.15, a two-month high. After the closure, Emaar said its net income in...
Source: AME Info
Investcorp annual result lifts Bahrain Bourse
August 4, 2014--The Bahrain All-Share Index continued its dogged recovery and closed 0.19 per cent higher at 1,475.25 points on Monday, Aug. 4.
Lenders performed well in particular. Islamic financial institution Salam Bank Bahrain jumped 4.80 per cent to hit BD0.22. Khaleeji Commercial Bank edged up by 2.04 per cent higher to reach BD0.050
Source: AME Info
Investcorp annual result lifts Bahrain Bourse
August 4, 2014--The Bahrain All-Share Index continued its dogged recovery and closed 0.19 per cent higher at 1,475.25 points on Monday, Aug. 4.
Lenders performed well in particular. Islamic financial institution Salam Bank Bahrain jumped 4.80 per cent to hit BD0.22. Khaleeji Commercial Bank edged up by 2.04 per cent higher to reach BD0.050
Source: AME Info
Blue chips only day at Bahrain bourse
July 31, 2014--The Bahrain All-Share Index in Manma gained 0.36 per cent to reach 1,471.70 points on Thursday, July 31, marking the first trading day after Eid holidays.
National Bank of Bahrain or NBB advanced the most (up 5.95 per cent), while Bahrain Telecom or Batelco recorded the biggest drop (3.21 per cent). Islamic bank Ithmaar closed...
Source: AME Info
Abu Dhabi bourse index shaves 5,000 points
July 31, 2014--The Abu Dhabi equity market index ADXGI advanced by one per cent to close at 5,054.95 points on Thursday, July 31.
National Takaful or Watania gained 14 per cent to reach AED1.14. The Islamic insurance operator said in a filing to the bourse last Sunday that investors in the GCC were planning to buy a...
Source: AME Info
Damac listing plans boost Dubai market
July 31, 2014--On the last day of the month, Thursday, July 31, also the first trading day after Eid holidays, the Dubai equity market index DFMGI gained two per cent to hit 4,833.24 points.
On Wednesday, Dubai-based developer Damac Properties said it would list shares on the DFM. Its global depository receipts which the developer of several...
Source: AME Info
Saudi Stock Exchange Index Rises 7 % in July
July 28, 2014--Saudi Stock Exchange "Tadawul" index closed at the end of last July at 10214.73, up 7.38 % compared to June, which is the highest rate since 2008.
The Exchange's monthly statistical report showed that the index achieved returns by 19.67 % from the beginning of the year 2014 until the end of July.
Source: Zawya
IMF Working paper-Middle East Transitions: A Long, Hard Road
July 25, 2014--Summary: Since the onset of the Arab Spring,economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia,and Yemen (Arab Countries in Transition,ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined business confidence,affected tourist arrivals,and depressed domestic and foreign direct investment.
Furthermore,political and social tensions have constrained reform efforts. Assessing policy options as presented in the voluminous literature on the Arab Spring and based on cross-country experience,this paper concludes that sustainable and inclusive growth calls for a two pronged approach: short term measures that revive growth momentum and partially allay popular concerns; complemented with efforts to adjust the public’s expectations and prepare the ground for structural reforms that will deliver the desired longer tem performance.
view the IMF IMF Working paper-Middle East Transitions: A Long, Hard Road
Source: IMF
Dallah Healthcare secures 955 million Saudi riyal Islamic financing
July 25, 2014--The Tadawul All-Share Index finished Thursday, July 24, which marked the last trading day in July and in Ramadan, with a day-gain of 0.51 per cent to close at 10,214.73 points.
Buying power remained solid after the Saudi government announced earlier in the week to open the market for foreign institutions as early as Q1.
Source: AME Info
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