Middle East ETF News Older than One Year
Mideast Stocks: Oil price fall weighs on Saudi while blue chips gain in Egypt
May 23, 2019--Saudi Arabia's stock market fell sharply on Thursday as banks and petrochemical shares dropped amid falling oil prices, while Egypt's blue-chip index closed higher.
Saudi's index dropped 1.4% with 10 of its 11 banks trading lower. Al Rajhi Bank shed 1.7% and Saudi Basic Industries 2010.SE fell 2.5%.
Source: Zawya.com
Mideast Stocks: Financials, property elevate Dubai, most of Gulf up
May 22, 2019--Dubai's stock market rose sharply on Wednesday, buoyed by financial and real estate shares, to lead gains in most major Gulf bourses.
Dubai's index closed 1.8% higher with all its real estate shares gaining. Blue-chip developer Emaar Properties added 2.6% and market heavyweight lender Emirates NBD was up 2.8%. view more
Source: Zawya.com
Mideast Stocks: Global rally lifts most of Gulf, blue-chips drag Qatar
May 21, 2019--Saudi Arabia's stock market rose sharply on Tuesday, leading gains in most major Gulf bourses amid a global rally after Washington temporarily eased trade restrictions imposed last week on China's Huawei. Qatar dropped on wide sell-off.
Source: Zawya.com
Mideast Stocks: Saudi slides on blue-chip weakness, Egypt hit by sell-off
May 20, 2019--Saudi Arabia's stock market slipped on Monday as investors cut positions in blue-chip stocks amid lingering uncertainty from regional tensions, while a wide sell-off pulled down Egypt's blue-chip share index.
Source: Zawya.com
Mideast Stocks: Property pulls down Dubai as most Gulf markets lower
May 19, 2019--Dubai's main index was down 1.5% in early trade
Dubai's stock market opened lower on Sunday, dragged down by property shares as most Gulf markets were weaker amid rising geopolitical tensions.
Dubai's main index was down 1.5% in early trade with Emaar Properties falling 3.8%.
Source: Zawya.com
Mideast Stocks: Banks propel Saudi, lender FAB drags Abu Dhabi
May 16, 2019--Saudi Arabia's stock market rose for a third straight session on Thursday, rebounding from recent sell-offs and ahead of MSCI inclusion later this month. Abu Dhabi was pressured by its top-lender.
Source: Zawya.com
Saudi Arabia: Staff Concluding Statement of the 2019 Article IV Mission
May 15, 2019--Economic reforms have started to yield positive results. Non-oil growth has picked-up, female labor force participation and employment have increased, the successful introduction of the value-added tax has underpinned an increase in non-oil fiscal revenues, energy price reforms have helped reduce per capita consumption of gasoline and electricity, measures have been introduced to compensate low and middle-income households for the higher costs resulting from reforms, and fiscal transparency has increased.
Reforms to the capital markets, legal framework, and business environment are progressing well. Challenges, however, remain. Government spending has risen, supporting growth but raising medium-term fiscal vulnerabilities to lower oil prices.
Source: IMF
Mideast Stocks: Abu Dhabi down 3.6% in early trade, Dubai index rebounds
May 14, 2019--Dubai and Abu Dhabi stock markets suffered their biggest single-day decline in years on Monday after several commercial ships were attacked off the coast of the United Arab Emirates.
Source: Zawya.com
Mideast Stocks: Saudi market edges higher in choppy trade after drone attacks
May 14, 2019--Saudi Arabia's stock market was choppy on Tuesday after an announcement by the government on armed drones attacking oil pumping stations in Riyadh wiped out early gains.
Saudi stocks nudged higher, then went into reverse and closed up just 0.1 percent.
Source: Zawya.com
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