Middle East ETF News Older than One Year
DP World returns to $19
May 8, 2014--At the Nasdaq Dubai, the shares of Dubai Ports (DP) World closed 0.05 per cent higher at $19.
Emirates REIT, the Islamic property investment trust, gained 0.70 per cent to hit $1.47. Interior design firm DEPA Limited dived 7.25 per cent to $0.64.
Source: AME Info
Dubai market rally halted
May 8, 2014--The Dubai Financial Market General Index (DFMGI) broke a four-winning streak on Wednesday, May 7, falling by 1.34 per cent to close at 5,301.94 points.
The gauge hit the upper Bollinger Band on Tuesday, which is usually a sell signal. Emaar finished off 0.50 per cent to end at AED10.25. Air Arabia added another 7.48...
Source: AME Info
Riyadh bourse pinned down at 9,745 points
May 7, 2014--The Saudi Stock Exchange's Tadawul All Share index closed 0.03 per cent higher at 9,744.12 points, amid neutral market breadth on Wednesday, May 7.
Market breadth was fairly balanced as 65 shares advanced while 74 stocks declined in value. Developer Dar Al-Arkan jumped 2.23 per cent to hit SAR13.30. Market bellwether SABIC lost 0.70 per...
Source: AME Info
Bahrain market gains for the 11th session straight
May 7, 2014--The Bahrain All-Shares Index added a tiny 0.20 per cent, closing at 1,469.41 points on Wednesday, May 7.
Gulf Hotels surged 5.26 per cent to reach BD0.80. Islamic Bank Salam Bank fell by 2.52 per cent to BD0.232
Source: AME Info
Bahrain market gains for the 11th session straight
May 7, 2014--The Bahrain All-Shares Index added a tiny 0.20 per cent, closing at 1,469.41 points on Wednesday, May 7.
Gulf Hotels surged 5.26 per cent to reach BD0.80. Islamic Bank Salam Bank fell by 2.52 per cent to BD0.232
Source: AME Info
Tadawul says 'going public'
May 7, 2014--Saudi Arabia's stock exchange, Tadawul, plans to sell shares in an initial public offering (IPO), as the Arab world's largest bourse seeks to gradually open up to foreigners and boost institutional investment' Bloomberg has reported.
The bourse will hire advisers soon for the share sale, Tadawul CEO, Adel Al Ghamdi said. That would make it...
Source: AME Info
IMF Country Report-Qatar-Selected Issues
ASSESSING EFFICIENCY OF QATAR PUBLIC INVESTMENT1
May 6, 2014--While comparable to its GCC peers, the efficiency of Qatar's public investment appears to be lagging
behind resource-rich advanced economies. Given the large size of the public projects and a compressed
timetable ahead of the FIFA 2022 Championship, greater investment efficiency would provide better
resource allocation and boost growth dividend for the Qatar's economy.
Strengthening fiscal institutions, especially developing an integrated public investment management process and a medium-term budget framework, are key for improving public investment efficiency in Qatar.
1. As in most other MENA/CCA oil-exporting countries, persistently high hydrocarbon prices have facilitated higher public spending in Qatar, including on investment projects.2 In turn, the Qatar economy has grown strongly; during 2004-11, total GDP growth and nonhydrocarbon growth averaged 16 percent and 19 percent annually, respectively. In 2012-13, growth declined on account of plateauing hydrocarbon production, but nonhydrocarbon growth was still strong at about 10 percent annually.
view the IMF Country Report-Qatar-Selected Issues
Source: IMF
Mideast Growth Outlook to Improve Overall, Bold Reforms Still Needed
May 6, 2014--Oil exporters post solid non-oil growth, but need to strengthen budgets and diversify economies
Oil importers see tepid growth due to weak confidence, sociopolitical frictions, and conflict in Syria
Transition countries need bold reforms to spur growth and create well-paying jobs
May 6, 2014--Economic growth in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) is expected to strengthen this year, but weak confidence and, in some cases, large public deficits continue to pose risks to this outlook, the IMF said in its latest regional assessment.
The IMF projects that growth in the region will average about 3¼ percent in 2014 as global conditions improve.
Source: IMF
ADX meets brokerage firms
May 6, 2014--Abu Dhabi Securities Exchange (ADX) held a meeting with a number of its licensed brokerage firms to discuss strategy and services that ADX provides to brokers.
ADX presented its strategic plan and briefed the attendees on its initiatives for 2014.
ADX chief executive Rashed Al Baloushi said: "We are delighted to meet with our brokers to help maintain the mechanism that ensures the quick and efficient execution of all procedures that involve the ADX and brokerage firms
Source: Zawya
Saudi market stabilises after hitting six-year high
May 6, 2014--The Riyadh-based Tadawul All Share index closed 0.03 per cent higher at 9, 744.12 points, amid neutral market breadth on Tuesday, May 6.
Saudi Basic Industries (SABIC), the market’s bellwether, added 0.03 per cent and closed at SAR118.75. Wataniya Insurance dived five per cent to SAR102.50. Saudi International Petrochemical Company, known as SIPCHEM...
Source: AME Info
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