Middle East ETF News Older than One Year
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
World Economic Forum-The Middle East and North Africa Risks Landscape
April 4, 2019--The Middle East and North Africa Risks Landscape briefing paper comes at a time when technological and geopolitical forces are reshaping regional landscapes. The technological breakthroughs of the Fourth Industrial Revolution are bringing opportunity but also risk for those unprepared to adapt.
At the same time, fractures between global stakeholders-including geo-economic tension-are adding another layer of risk for the region.
Because the Middle East and North Africa is home to more natural-resources dependant economies than skills-driven ones, and because the region houses existing political and societal divides, the impacts of technological and geopolitical disruptions may be more pronounced here than elsewhere.
Source: World Economic Forum
Lipper U.S. Weekly FundFlows Insight Report: Funds Take in Net New Money Driven by Demand for Taxable Bond Funds
April 4, 2019--Lipper's fund asset groups (including both mutual funds and ETFs) experienced net inflows of $1.9 billion for the fund-flows trading week ended Wednesday, April 3.
Taxable bond funds (+$3.7 billion) took in the most net new money, while money market funds (+$1.4 billion) and municipal debt funds (+$714 million) also contributed to the net positive flows. Equity funds (-$3.9 billion) were the lone asset group to experience net outflows.
Market Overview
The major equity indices all posted positive returns for the fund-flows trading week. The NASDAQ Composite Index (+3.30%) led the gains, while the S&P 500 Index and the Dow Jones Industrial Average posted solid increases of 2.42% and 2.31%, respectively. All of the indices recorded double-digit gains, paced by the NASDAQ (+16.49%) and followed by the S&P 500 (+13.07%) and the Dow (+11.15%). The markets took strength on optimism over the progress of trade talks between the U.S. and China, as well as better than expected manufacturing data from the same two countries.<>view more
Source: Refinitiv
Mideast Stocks: Emirates NBD's $2.8bln Turkish deal lifts Dubai
March 3, 2019--Dubai's stock market rose on Wednesday led by gains in its largest bank Emirates NBD after it signed a $2.8 billion deal to buy Turkey's Denizbank, while Saudi Arabia edged up on the back of its banks.
Source: Zawya.com
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