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MIDEAST STOCKS-Banks drag down Saudi, Qatar stock markets
July 25, 2018--Banking shares slipped in Saudi Arabia and Qatar on Wednesday as investors digested a mixed bag of results.
Banque Saudi Fransi, which reported lower second quarter earnings on Tuesday, was down 4.1 percent.
S&P Dow Jones to upgrade Saudi stocks to emerging market next year
July 25, 2018--S&P Dow Jones will add major Saudi stocks to its global indexes with a 50% weighting in March 2019
Global equity index compiler S&P Dow Jones Indices will upgrade Saudi Arabia's bourse to emerging market status from a stand-alone market next year, becoming the latest in a series of index firms to promote Riyadh.
GCC Equities Review: Investors pile into Saudi stocks after upgrades, but does the market still offer value?
July 22, 2018--The 15.1 percent gain made by the Tadawul All Share Index in the first half of 2018 meant that the market not only outperformed its regional peers, but was one of the top-performers globally.
Egypt Moving Forward: Key Challenges and Opportunities
July 17, 2018--The most important issues that face Egypt over the coming years are tied to a rapidly growing population, the modernization of its economy, and how best to ensure a modern social safety net to protect the most vulnerable in society.
1. Take advantage of the rapidly growing population
Over the next five years, around 3.5 million young Egyptians are projected to join the labor force. Absorbing these new entrants into the labor market will be a challenge.
Dubai International Financial Centre Reports Strong Start to 2018
July 15, 2018--Number of active registered companies increased by eight percent in the first six months of 2018 and 14 percent year on year to 2,003
614 companies are regulated by the DFSA, with 493 being financial services firms
Three new strategic initiatives announced to support economic growth in Dubai
DIFC welcomed major financial institutions, including Berkshire Hathaway Specialty Insurance Company, State Street Global Advisors, Al Ahli Bank of Kuwait, KAMCO Investment Company KSC and more.
TASE-Launched this morning-the Tel Bond-Dollar Index
July 8, 2018--The Index is Comprised of Dollar-Linked Corporate Bonds Listed on TASE
Today (July 8th, 2018), a new corporate bonds index was launched-the "Tel Bond-Dollar Index". The index consists of dollar-linked corporate bonds listed on the Tel-Aviv Stock Exchange ("TASE").
Following the launch of the new index, TASE will be calculating 29 Tel Bond indices, 10 of which were launched in 2017 and 6 of which were launched since the beginning of 2018.
The new index was formulated by TASE to expand and diversify the products traded on TASE. In light of the fact that the yield on dollar-linked corporate bonds is higher than the yield on CPI-linked and shekel bonds, the launch of products that will track the Tel Bond-Dollar index which based on highly-rated dollar-linked bonds listed on TASE, is likely to be attractive for investors. Major Investors expects high demand for the lucrative index.
MIDEAST STOCKS-Saudi stocks see selling pressure; DSI down again in Dubai
July 3, 2018--Saudi Arabia's stock market was under pressure on Tuesday as investors sold blue-chip stocks, while Dubai's index was buoyed by banks and property shares.
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BUZZ: Shares of Dubai-listed Drake & Scull sink 9.9%
July 3, 2018--Shares of Drake & Scull sink 9.9 percent in early trading to 0.61 dirhams ($0.16).
The stock is down around 27 percent so far this week and 73 percent in the year to date, making it one of the worst performing stocks on the Dubai index.
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Listing aviation firms on UAE bourses to push up liquidity: experts
July 2, 2018--The UAE aviation sector experts have welcomed the General Civil Aviation Authority's (GCAA) plans to float stakes of the national airlines on the local stock markets.
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DGCX Records Best H1 Since Inception with Volumes up 44%
June 30, 2018--Dubai Gold and Commodities Exchange (DGCX) has recorded its best H1 ever in its 13-year history, trading over 11,300,000 contracts so far in 2018, up 44% year-on-year (Y-O-Y).
Traded value for the first six months of 2018 breached USD 250 billion for the first time too. The Exchange's record-breaking performance was sealed following a robust month of trading in June, which saw 2,046,806 contracts traded, up 74% from June 2017. June 2018 traded value reached USD 42.3 billion.