Middle East ETF News Older than One Year
Merger due diligence concluded for DFM, ADX: report
February 5, 2014--The emirates of Abu Dhabi and Dubai have completed due diligence on a potential merger of the their two stock markets, bringing the combination a step closer, Bloomberg has reported, citing two people familiar with the matter.
The merger would come after the exchanges failed to attract local listings in 2013 and would create the ...
Source: AME Info
DP World gains on HSBC UAE PMI report
February 4, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 0.31 per cent higher at 3,723.23 on Tuesday, February 4.
Dubai Ports (DP) World surged by 1.11 per cent to $18. Earlier in the day, bank HSBC said that the headline purchasing managers index fell slightly from December's 57.4 to 57.1 in January, signalling a further improvement ...
Source: AME Info
Telecom giant Ooredoo dips on Standard & Poor's rating review
February 4, 2014-The Qatar Exchange 20 Index lost 0.89 per cent, falling to 11,049.69 points on Tuesday, February 4.
Ooredoo, formerly Qatar Telecom, slipped by 1.94 per cent to QAR146.20. Earlier in the day, Ooredoo said that Standard & Poor's revised its credit rating from investment grade A to A-, while the its outlook was raised to ...
Source: AME Info
Waha Capital net profit soar,, but shares fall
February 4, 2014--The Abu Dhabi market index ADXGI fell for the second session straight on Tuesday, February 4, and closed 0.36 per cent lower at 4,661.65 points.
Waha Capital dived by 5.86 per cent to AED2.73. Earlier in the day, Waha said that its net income in 2013 amounted to AED306.4 million ($83.55m), up by 43 per..
Source: AME Info
Dubai market rebounds despite bad US data as technical error halts trading
February 4, 2014--manufacturing data-which expanded in January at the weakest pace in eight months-and subsequent plummeting Asian markets.
However, the market managed the turnaround and ended in the green, closing 1.04 per cent higher at 3,812.15 points. Several attempts by AMEinfo.com to call the DFM or any DFM broker failed,
Source: AME Info
Ma'aden banks on SAMAPCO
February 3, 2014--The Tadawul All Share Index lost 0.32 per cent to 8,806.92 points on Sunday, February 3.
Saudi Arabian Mining Company (Ma’aden) gained 1.31 per cent to SAR31. Earlier in the day, Ma’aden said further to its announcement on August 4, 2013, related to the operation and production of Sahara Petrochemical Company (down by 1.40 per...
Source: AME Info
Resilient Dubai market shrugs off global woes
February 3, 2014--Those on the Dubai Financial Market (DFM) trading floor cheered at 12.45am local time when the DFM General Index turned into the green after a sluggish start into Monday,
Despite index losses in Japan (the Nikkei hit a 2.5-month low earlier in the day) and in Germany, the DFMGI closed 0.49 per...
Source: AME Info
Fickle oil prices weigh on Kuwait Stock Exchange
February 3, 2014--The KSE Market Index lost 0.30 per cent to 7,786.72 points in Monday, February 3.
Oil prices (US crude) traded 0.75 per cent lower at approximately $97.50 per barrel, weighing on the sentiment. Kuwait, which produces more crude oil per day than Algeria and Indonesia together, sources 95 per cent of its federal budget from...
Source: AME Info
QNB slips as shareholders give nod for 70 per cent cash dividend
February 3, 2014--The Qatar Exchange 20 Index finished off by 0.33 per cent at 11,137.59 points (a two-week low) on Monday, February 3.
Qatar National Bank (QNB) closed 2.50 per cent lower to QAR179.90. Earlier in the day, QNB said shareholders approved the proposal of the board of directors to distribute to shareholders a cash dividend at ...
Source: AME Info
Aldar's Yas Mall announcement fails to lift Abu Dhabi market
February 3, 2014--The Abu Dhabi market index ADXGI declined by 0.31 per cent, closing at 4,678.38 points on Monday, February 3. Market bellwether Etisalat, slipped by 0.42 per cent to AED11.65.
Earlier in the day, Aldar announced that Yas Mall's opening will coincide with the final race of the 2014 Formula One World Championship. “The race puts..
Source: AME Info
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
