Middle East ETF News Older than One Year
Mideast Stocks: Dubai ends 10-day rally, most Gulf markets little changed
April 11, 2019--Dubai's stock market slid on Thursday as most of its financial shares dropped, snapping a 10-day winning streak, while other major Gulf markets were little changed.
The Dubai index fell 0.6 percent, led by a 1.7 percent fall in Emirates NBD, ahead of its board meeting scheduled on April 16 to approve its first-quarter financial statement.
Source: Zawya.com
Mideast Stocks: Dubai nears 5-month high, most major Gulf markets rise
April 10, 2019--Nine of 10 Saudi banks gain
Dubai's stock market rose for the tenth straight session on Wednesday, lifted by its financial shares, while Abu Dhabi was pulled lower by its top lender First Abu Dhabi Bank.
The Dubai index gained 0.2 percent, hovering around five-month high, with Emaar Properties adding 1.2 percent and Mashreq Bank jumping 5.3 percent.
Source: Zawya.com
Saudi Aramco says it raises $12bln from bond issue
April 10, 2019--Saudi Aramco said on Wednesday that it raised $12 billion from its debut international bond issue, which was split into five tranches. The bonds have maturities ranging from three to 30 years.
The offering is expected to close on April 16, subject to customary closing conditions. view more
Source: Zawya.com
EU carbon price hits over 10-year high on Brexit extension hopes
April 10, 2019--The benchmark European Union carbon price hit a more than 10-year high on Wednesday, on expectations Britain will get a delayed exit from the EU which will mean it stays in the bloc's emissions trading system for longer
The price had risen to an intraday peak of 26.89 euros ($30.22) a tonne as of 1349 GMT, its highest since July 2008.
Source: Zawya.com
Mideast Stocks: Financials lift Dubai, most Gulf markets rise
April 9, 2019--The Dubai index was up 0.2%, with Dubai Islamic Bank adding 0.4% and its largest lender Emirates NBD rising 0.4%
Dubai's stock market rose for a ninth straight session on Tuesday as most of its financial shares rose, while other major Gulf markets inched up.
Source: Zawya.com
Aramco smashes market record with $100bn orders for new bonds
April 9, 2019--Saudi state oil company will raise $12 billion from debt issue
The appetite for Aramco debt was stimulated by a series of "road shows" by the company's executives and their advisers in the main global financial centers.
The Saudi state oil company's debut on Wednesday on the international capital markets is set to break all records for a bond issue by an emerging market entity.
Source: arabnews.com
Mideast Stocks: Dubai leads gains, most major Gulf markets rise
April 8, 2019--Dubai's stock market rose for the eighth straight session on Monday and most major Gulf markets gained, as financial shares lifted the exchanges.
The Dubai index rose 0.6 percent, as Dubai Islamic Bank added 1.6 percent and its largest listed-developer Emaar Properties closed 1.4 percent higher.
Source: Zawya.com
5G will drive Industry 4.0 in the Middle East and Africa
April 7, 2019--Industry 4.0 has arrived, and it is going to spark an unprecedented wave of innovation in the Middle East and Africa (MEA).
Industry 4.0 merges operational, information and communication technologies with cyber-physical systems, enabled by advanced wireless communication and industrial Internet of Things (IoT) services.
This digital and wireless transformation will be powered by 5G networks, which have the potential to drive economic growth in the region like no previous generation of mobile technology.
For example, the security, high speeds, low latency and massive number of connections in 5G networks will support smart city and agriculture transformation in many countries in the Middle East and Africa. This will enable new revenue streams from IoT and industrial applications, and accelerate digitalization.
Source: World Economic Forum
Monthly markets review: Stocks in Kuwait and Saudi Arabia outperform in a dull market phase
April 4, 2019--Kuwait's premier market index rises 9% in March, Oman's exchange continues downward slide
Investors in the Middle East were mostly cautious during the month of March, reflecting the calmness in global markets following a rally at the beginning of the year.
Source: Zawya.com
Mideast Stocks: Banks lift Saudi, Dubai continues to rally on Emirates NBD deal
April 4, 2019--Saudi Arabia's stock market marked its ninth session of gains on Thursday, led by banking shares, while Emirates NBD's deal to buy Turkey's Denizbank lifted Dubai's main index.
Source: Zawya.com
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