Middle East ETF News Older than One Year
Mideast Stocks: Saudi, Dubai lead Gulf markets higher after holiday break
June 9, 2019--The Saudi index jumped 0.6% as investors piled into key blue-chip stocks
Gulf markets rose early on Sunday, resuming trade after holidays most of last week to celebrate the end of the Muslim fasting month, with investors taking cue from gains in global markets on Friday.
Source: Zawya.com
IMF Staff Country Reports Qatar: Selected Issues
June 3, 2019--Diversification is important for a large commodity exporter like Qatar: it helps manage temporary shocks and prepare for sweeping changes to the economic setting. Qatar's large financial holdings can help diversify revenues.
Both structural reforms to improve the business environment and sector-specific policies can support diversification of activity and exports. Sector-specific policies should build on existing economic strengths in areas with room for exports and innovation. Emphasis should be placed on developing expertise in specific clusters. Export markets and competition provide crucial mechanisms to ensure discipline.
A. Introduction
1. Qatari living standards have improved substantially in recent decades with rapid
hydrocarbon-led growth.
Source: IMF
Mideast Stocks: Qatar and Egypt rise, other Gulf markets closed for holiday
June 3, 2019--Stock markets in Qatar and Egypt rose on Monday, while other Gulf markets, including Saudi Arabia, are closed for the Eid ul-Fitr holiday.
QATAR
The index rose 1.5 % to 10,319 points.
Source: Zawya.com
Mideast Stocks: Qatar jumps on PM's visit to Saudi as major Gulf markets leap
May 30, 2019--Qatar's stock market surged to its biggest intra-day high in nine months on Thursday after report that Qatar's prime minister will attend an Arab summit in Saudi Arabia, while all major Gulf bourses also rallied mostly riding on financial stocks.
Source: Zawaya.com
Mideast Stocks: Banks lift Qatar as all major Gulf markets rise
May 30, 2019--Qatar's index rose 2.2% as Qatar National Bank and Qatar Islamic Bank climbed 4.2% and 5% respectively
Qatar's stock market rose sharply on Thursday, buoyed by its banks and leading gains in all other major Gulf bourses.
Source: Zawya.com
Mideast Stocks: Global woes weigh on Saudi stocks as they join MSCI index
May 29, 2019--Saudi's index fell 1.6%, weighed down by financial stocks, with Al Rajhi Bank decreasing 1.9% and Banque Saudi Fransi sliding 4.6%
Saudi Arabia's stock market slipped on Wednesday as weak global sentiment clouded the first day of trading for the market as a new member of the MSCI emerging markets index. Most other Gulf markets also dropped.
Source: Zawya.com
Mideast Stocks: Profit-taking, global stock slide weigh on Saudi stocks
May 29, 2019--Saudi Arabian stocks dropped on Wednesday as falling oil prices and weak global sentiment pulled down banking shares on the market's first of trading as a member of the MSCI emerging markets index.
Some investors also cashed in their holdings ahead of the long Eid Holiday in the next week.
Source: Zawya.com
Mideast Stocks: Saudi rises to its best day in 7 months, leading Gulf rally
May 28, 2019--Saudi Arabia's stock market rose sharply on Tuesday ahead of its introduction into the MSCI emerging markets index after this session's close, while all major Gulf bourses rallied.
Saudi's index rose 2% for its biggest single-day gain since October 2018. Al Rajhi Bank 1120.SE increased 2.1% and petrochemical maker Saudi Basic Industries added 2%.
Source: Zawya.com
Egypt could cut taxes for stock exchange investors-bourse chairman
May 28, 2019--Egypt's stock market and finance ministry are considering combining stamp duty and capital gains taxes charged on equities investments to limit the amount paid in stamp duties, exchange chairman Mohamed Farid said on Tuesday.
Source: Zawya.com
Mideast Stocks: Saudi slips in wider Gulf falls ahead of holiday
May 27, 2019--Saudi's stock index was down 0.3%, with market heavyweight Al Rajhi Bank shedding 0.9% and Samba Financial Group dropping 2%
Saudi Arabian stocks were weighed down by falls in financial shares on Monday as Gulf markets slipped ahead of Eid al-Fitr
Many investors prefer to cash in holdings ahead of the Eid holiday, which lasts for a week in Saudi Arabia and at least three days in other Gulf countries.
Source: Zawya.com
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