Middle East ETF News Older than One Year
SABIC, Dar Al-Arkan lift Tadawul market
May 8, 2014--The Riyadh-based Tadawul All Share index closed 0.43 per cent higher at 9,787.03 points, on Thursday, May 8.
Media reports that the GCC region's first exchange in relation to market capitalisation is examining to go public lifted the gauge. Saudi Basic Industries (SABIC), the exchange's bellwether, added 0.71 per cent to reach SAR119.
Source: AME Info
Waha Capital, Taqa lead Abu Dhabi bourse higher
May 8, 2014--In Abu Dhabi, the equity market index (ADXGI) gained 0.36 per cent to reach 5,045.01 points on Thursday, May 8.
Year to date, the gauge has risen by 17.6 per cent. Abu Dhabi National Energy Company (Taqa) advanced the most (up by 5.83 per cent), followed by Waha Captial that surged by 5.70 per cent.
Source: AME Info
Qatar market bounces back
May 8, 2014--After falling for two days, the Qatar market index (QE 20) re-gained territory on Thursday, May 8, closing 0.31 per cent higher at 12,961.40 points.
Al Khaliji Commercial Bank advanced by 0.05 per cent to QAR23.08. Earlier in the day, the lender announced the opening of its latest branch at The Pearl Qatar, a manmade...
Source: AME Info
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
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