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Mideast Stocks: Abu Dhabi shares surge 4% thanks on FAB's strong earnings
July 18, 2019--Abu Dhabi stocks leapt 4% on Thursday, their biggest intra-day gain in nearly four months, led higher by the United Arab Emirates' largest lender First Abu Dhabi Bank (FAB) which surged 6.5% on strong second-quarter earnings.
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Mideast Stocks: Abu Dhabi outperforms thanks to banks, other Gulf markets mixed
July 18, 2019--Stocks in the United Arab Emirates surged on Thursday, outperforming most major Gulf markets, boosted by strong earnings at top lenders.
In Abu Dhabi, the index closed 2.7% higher, buoyed by First Abu Dhabi Bank (FAB), which rose 4% to its highest level since May after posting a 5% rise in second-quarter net profit.
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Mideast Stocks: Saudi shares rise, led by banks; other Gulf markets mixed
July 17, 2019--Saudi Arabia's stock index rose for the eighth straight session on Wednesday, led by its banks, while other Gulf markets were mixed, with financial stocks dragging Abu Dhabi lower.
Saudi Arabia's main index gained 0.1.
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Egypt Economic Monitor, July 2019-From Floating to Thriving: Taking Egypt's Exports to New Levels
July 16, 2019--Confronted with pervasive macroeconomic imbalances and microeconomic distortions, the Government of Egypt (GOE) started in 2016 to move forward with important reforms to stabilize the economy and restore confidence.
This report looks at an important aspect of the economy's competitiveness: export performance and integration into global markets.
The focus chapter investigates two questions: (i) to what extent is the structure of domestic production supportive of export-oriented growth? and (ii) what are the key trade and non-trade barriers that prevent the country from unleashing its exports potential?
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Egypt Economic Monitor: From Floating to Thriving-Taking Egypt's Exports to New Levels
Egypt Economic Monitor, July 2019-From Floating to Thriving: Taking Egypt's Exports to New Levels
July 16, 2019--July 16, 2019--Confronted with pervasive macroeconomic imbalances and microeconomic distortions, the Government of Egypt (GOE) started in 2016 to move forward with important reforms to stabilize the economy and restore confidence. This report looks at an important aspect of the economy's competitiveness: export performance and integration into global markets.
The focus chapter investigates two questions: (i) to what extent is the structure of domestic production supportive of export-oriented growth? and (ii) what are the key trade and non-trade barriers that prevent the country from unleashing its exports potential?
Mideast Stocks: Banks boost Saudi, while wide sell-off weighs down Egypt
July 11, 2019--July 11, 2019--The Saudi stock market rose on Thursday as nearly all its banks surged ahead of earnings announcements, while Egypt dropped sharply with most blue-chips declining.
The Saudi index gained 0.7% with 10 of its 11 banks rising. Riyad Bank 1010.SE rose 1.6% and Banque Saudi Fransi 1050.SE added 0.6% before both go ex-dividend in the next trading session. Investors will be entitled to the next dividend pay-out as of Thursday.
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Mideast Stocks: Dubai stocks rise, led by property; other markets subdued
July 11, 2019--The Dubai index added 0.5%, led by a 1.4% gain in its largest lender, Emirates NBD, and a 0.8% rise in Emaar Properties
Dubai's stocks rose on Thursday as real estate shares gained, while most other markets were little changed before corporate results due to pick up next week.
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Mideast Stocks: Real estate lifts Dubai, other Gulf markets muted
July 10, 2019--The Dubai index rose 1% with Emaar Properties, its largest listed developer, adding 2.4%, while Dubai Islamic Bank was up 1%
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Mideast Stocks: Property firms bolster Dubai, oil prices lift Saudi
July 10, 2019--Dubai stocks rose sharply on Wednesday as all real estate shares gained, while banks drove the Saudi market higher amid rising oil prices and after EFG Hermes forecast higher second quarter profit for Saudi lenders.
Oil prices rose more than 2% after industry data showed U.S. inventories fell more than expected and as major U.S. producers evacuated rigs in the Gulf of Mexico before a storm.
Mideast Stocks: Global stock slide pulls down most Gulf markets
July 9, 2019--Most Gulf stock markets dropped on Monday, mirroring losses in global stocks after strong U.S. job gains dampened expectations the Federal Reserve will deliver a large rate cut.
The Kuwait bourse fell back after seven straight gains triggered by MSCI decision to upgrade Kuwaiti equities to its main emerging markets index.
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