Middle East ETF News Older than One Year
Dubai Economy Tracker signals slowest growth since March '16
November 12, 2018--This report contains the latest release of data collected from a monthly survey of business conditions in the Dubai non-oil private sector. Sponsored by Emirates NBD and produced by IHS Markit, the survey provides an early indication of operating conditions in Dubai.
Summary
Whilst the latest data signaled an improvement in the health of Dubai's non-oil private sector, the rate of growth weakened to a 31-month low. Slower improvements in activity, new work and another contraction in employment contributed to the slowdown. Contrary to the general trend, the construction sector saw a stronger expansion in the latest survey.
Source: ameinfo.com
Mideast Stocks: Saudi stocks hit more than two-week low as weak oil prices weigh on Gulf
November 11, 2018--Saudi stocks slumped to their weakest level in more than two weeks on Sunday, hurt by the latest slump in oil prices, which also dragged most Gulf markets lower.
Source: ameinfo.com
Mideast Stocks: Banks lift Saudi index, most Gulf markets mixed
November 6, 2018--Saudi Arabia's stock market inched up on Tuesday buoyed by the banking sector, while real estate shares propped up Dubai's index and other regional Gulf markets were mixed.
Saudi Arabia's bourse was up 0.4 percent after half an hour of trading, with Al Khaleej Training and Education jumping 5.7 percent after its third-quarter revenue rose.
Source: Zawya.com
Mideast Stocks: Petrochemical firms weigh on Saudi, Most Gulf markets mixed
November 1, 2018--Saudi Arabia's stock market edged lower in quiet trading on Thursday, pressured by petrochemical and bank shares, while Dubai gained on the back of real estate stocks.
Source: Zawya.com
Saudi posts big decline in fiscal deficit in Q3 as oil revenues rise
October 31, 2018--Saudi Arabia on Wednesday reported a third-quarter fiscal deficit of 7.3 billion riyals ($1.95 billion), a big drop from the 48.7 billion riyals reported a year earlier thanks to a surge in oil revenues.
The latest deficit figure was close to the 7.36 billion riyals recorded in the second quarter.
Source: Zawya.com
Mideast Stocks: Saudi profits from corporate results, most Gulf markets inch up
October 21, 2018--Saudi Arabia's stock market rose on Wednesday, aided by strong corporate earnings, while market heavyweights Emaar Properties and Emirates NBD helped support Dubai's index.
The main Saudi index was up 0.6 percent, thanks in part to a nearly 8 percent jump in Lazurde Company For Jewelry after it posted a third quarter profit.
Source: Zawya.com
Mideast Stocks: Real estate props Dubai, most Gulf markets little changed
October 30, 2018--Dubai's blue-chip index rose sharply and marked its biggest intra-day gain in nearly three weeks, lifted by real estate and banks, while most major Gulf indexes dropped marginally on Tuesday.
The Dubai index added 1.1 percent, boosted by a near 3 percent gain in Emaar Properties and a 2.2 percent rise in Emirates NBD after it posted a double-digit jump in quarterly profit, led partly by higher net interest income.
Source: Zawya.com
Mideast Stocks: Saudi extends gain after earnings, banks weigh on Abu Dhabi
October 29, 2018--Saudi Arabia's stock index closed higher on Monday, aided by strong corporate earnings, while Abu Dhabi recovered some of its losses after opening at its lowest in two months.
Source: Zawya.com
Saudi Arabian stocks surge after Crown Prince Mohammed bin Salman addresses FII 2018
October 25, 2018--Saudi stocks surged on Thursday after Crown Prince Mohammed bin Salman addressed a global gathering of business chiefs in Riyadh.
The Tadawul gained 4.3 percent after the crown prince's appearance at the three-day Future Investment Initiative (FII), which concluded on Thursday.
Source: Zawya.com
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