Middle East ETF News Older than One Year
WEF-Societal Tensions, Income Gaps and Unemployment Dominate Global Agenda
June 12, 2014-- The Arabic version of the Outlook on the Global Agenda 2014 report will be launched at the Tunisia Investment Forum on 13 June 2014.
The Outlook on the Global Agenda 2014 report, based on a survey of more than 1,500 global experts, aims to map the consequences of the world's challenges in 2014.
The report identifies societal tensions in the Middle East and North Africa region (MENA), structural unemployment and widening income gaps among the top 10 trends in 2014.
An urgent need to address societal tensions in the Middle East and North Africa, long-simmering economic problems such as widening income gaps and structural unemployment, as well as growing concern over the quality of economic policies rank among the top 10 trends for world leaders to address in 2014, according to the World Economic Forum's Outlook on the Global Agenda 2014, whose Arabic version launches tomorrow at the Tunisia Investment Forum.
view the Arabic version of the Outlook on the Global Agenda 2014
Source: WEF (World Economic Forum)
Umm Al-Qura Cement Company debuts at Tadawul market
June 12, 2014--June 12, 2014--The Saudi Arabian Tadawul All-Share Index fell by 0.46 per cent to 9,826.67 points on Thursday, June 12.
Umm Al-Qura Cement Company witnessed its first trading day after its successful IPO. Umm Al-Qura Umm floated 27,500,000 shares which represented 50 per cent of the company’s capital. The offer price was SAR10 per share. Launched with...
Source: AME Info
Dubai market bounces back
June 12, 2014--The Dubai Financial Market General Index (DFMG) surged 3.68 per cent to hit 4,836.86 points, on Thursday, June 12, ending a four-day losing streak.
Arabtec surged 11.1 per cent to finish at AED5 after the UAE's first construction firm denied rumors of plans to de-list. Abu Dhabi state-owned investment firm Aabar Investments reduced its share ...
Source: AME Info
CBQ kicks off fixed income roadshow
June 12, 2014--The Doha-based QE 20 Index advanced 0.51 per cent to reach 12,978.86 points on Thursday, June 12.
Qatar National Bank soared by 1.10 per cent to QAR185. Commercial Bank of Qatar, known and branded as CBQ, added 0.46 per cent to hit QAR65.30. Earlier in the day, CBQ said it has filed to the Irish ...
Source: AME Info
Etisalat gains as telecom giant issues bond
June 12, 2014--The Abu Dhabi market index ADXGI accelerated its rebound from Wednesday, finishing 1.13 per cent higher at 4,931.78 points on Thursday, June 12.
Market bellwether Etisalat surged 0.88 per cent to AED11.50. Earlier in the day, the UAE’s first provider of telecommunications said in a filing to the bourse it successfully issued a Aa3 inaugural ...
Source: AME Info
Saudi Arabian Coop Insurance bucks downtrend
June 11, 2014--The Riyadh-based Tadawul All-Share Index fell by 0.34 per cent to 9,871.68 points on Wednesday, June 11.
Saudi Arabian Cooperative Insurance Company or SAICO advanced by 8.08 per cent to close at SAR51.75. The share nearly completed its v-reversal after a steep fall that happened end of May, beginning of June. Market bellwether SABIC lost...
Source: AME Info
Qatar index falls back below 13,000
June 11, 2014-With the exception of the transport sector, all industry indices ended in the red on Wednesday, June 11, in Doha, as the QE20 index declined by 0.45 per cent to closed at 12,912.81 points.
A lack of catalysts and the general bearish mood in the GCC which started in mid-May led to losses among bellwether...
Source: AME Info
Emaar bucks Dubai market drop
June 11, 2014--The Dubai Financial Market General Index (DFMG) fell by 0.60 per cent to 4,665.24 points, on Wednesday, June 11, marking the gauge's fourth fall in a row.
Emaar bucked the trend by gaining 0.11 per cent to finish at AED9.50. Arabtec Holding dived 7.80 per cent at AED4.50. Earlier in the day, Hasan Ismaik, the...
Source: AME Info
Insurers halt Abu Dhabi market decline
June 11, 2014--The Abu Dhabi equity market index ADXGI advanced by 0.14 per cent to hit 4,876.49 per cent at on Wednesday, June 11, ending a three-day losing streak.
Islamic insurance firms Watania and Methaq Takaful Insurance Company jumped 5.83 per cent, finishing at AED1.09. Around 215 million shares were traded valued at AED652 million. Earlier in...
Source: AME Info
SABIC helps Saudi market index to stabilise
June 10, 2014--Riyadh-based Tadawul All-Share Index (TASI) gained 0.14 per cent to close at 9,905.68 points on Tuesday, June 10, albeit market breadth was negative, as 60 shares advanced, while 85 stocks declined in value.
SABIC, as the third most liquid share, recovered another 0.10 per cent to hit SAR117.50. Two weeks ago, the world’s biggest manufacturer...
Source: AME Info
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