Middle East ETF News Older than One Year
Saudi to launch Islamic crypto Noorcoin ICO in April 2019
November 7, 2018--Noorcoin is the 1st Sharia-compliant crypto token and platform in the world and will launch in Q1 of 2019, as it will be built on the Zilliqa blockchain platform, headquartered in Singapore, using new blockchain protocol that is designed to scale securely in an open, permission-less distributed network.
Saudi will launch the coin's ICO next April, according to Ambassador of the Kingdom of Saudi Arabia to Indonesia, Osamh Mohammed Abdullah Shuibi, as published by CCN, an industry site.
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
Saudi crown prince expects economic growth of 2.5% in 2018
October 24, 2018--Saudi Crown Prince Mohammed bin Salman said on Wednesday the kingdom will continue with reforms and spending on infrastructure, predicting the economy will grow by 2.5 percent this year.
Speaking at an investment conference in Riyadh, the crown prince also said he expected economic growth next year to be higher.
Source: Zawya.com
Saudi Tadawul chairwoman says 320 foreign institutions registered in stock market
October 23, 2018-- Some 320 foreign institutions have registered as qualified foreign investors in the Saudi stock market and 200 more are expected to register, the Saudi stock exchange chairwoman said on Tuesday.
Source: Zawya.com
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