Middle East ETF News Older than One Year
The UAE, Saudi, finding spring in their economic prospects
August 13, 2018--Investors and residents can breathe easier now that the UAE and Saudi are projecting a more robust image of fiscal momentum, non-oil diversification and growth despite the catalyst coming from a rise in oil prices.
The numbers are encouraging
Zawya reported that the UAE and Kuwait are set to return to fiscal surpluses in 2018 on the back of financial windfall from the recovery in oil prices, while Saudi Arabia should post a modest deficit, Fitch analysts said.
Source: AME Info
MIDEAST STOCKS-Gulf stocks slide on volatile oil, property
August 9, 2018--Gulf stocks were mostly lower, as volatile oil prices hit petrochemical and energy firms in the Saudi market, while lower-than-expected earnings of property firm Aldar Properties weighed on the Abu Dhabi market.
Source: Zawya.com
August 9, 2018--MIDEAST STOCKS-Abu Dhabi hits four-year high, Saudi slips amid Canada row
August 9, 2018--Abu Dhabi's stockmarket touched four-year highs on Wednesday, helped by bank stocks, while Saudi Arabia's dipped amid a diplomatic row with Canada.
Source: Zawya.com
Canada's TMX says no plans for talks with Saudi Aramco over IPO
August 8, 2018--Canada's TMX Group Ltd said on Wednesday it had no plans for further talks with oil company Saudi Aramco about a partial listing on the Toronto Stock Exchange as part of what is expected to the world's largest initial public offering.
Source: Zawya.com
Markets monthly review: Middle East stocks enjoy buoyant July as Qatar, UAE lead gains
August 8, 2018--Middle East markets were broadly upbeat in July as Dubai's bourse rebounded following an early summer slump, Qatar extended its 2018 gains and Kuwaiti traders bought into the hype of a potential emerging market upgrade.
MIDEAST STOCKS-Gulf stocks open weak, Abu Dhabi eases after hitting 3-year high
August 7, 2018--The Abu Dhabi market eased from a three-year high on Tuesday on profit-taking and weakness in Aldar Properties as its quarterly earnings slumped, while Qatari stocks were lacklustre as banks lost ground.
Abu Dhabi's index was down 0.2 percent, after hitting its highest level since late July 2015 on Monday.
Source: Zawya.com
MIDEAST STOCKS-Energy stocks lift Abu Dhabi, Saudi, Qatar flat
August 6, 2018--Firm oil prices boosted energy shares in the Abu Dhabi market and financials boosted Kuwaiti stocks on Monday, however the Gulf's two star performers, Saudi and Qatari stocks, were little changed in the absence of major corporate or economic news.
Source: Zawya.com
MIDEAST STOCKS-Gulf insurers jump on Q2 results, petchems down on oil
August 5, 2018--Gulf stocks were mixed on Sunday, with some companies' positive financial results offsetting a bearish background due to persisting global trade concerns and lower oil prices.
Oil gave up earlier gains late last week as fears that Chinese demand could taper weighed on prices.
Source: Zawya.com
MIDEAST STOCKS-Abu Dhabi leads Gulf share tumble as world trade fears spread
August 2, 2018--Abu Dhabi's stock market fell on Thursday, leading a tumble of most Gulf bourse's as fears spread of an escalating trade dispute between the United States and China.
Source: Zawya.com
MIDEAST STOCKS-Bank sector gains send Qatar to highest close for 14 months
August 1, 2018--Qatar's stock market closed at its highest level for 14 months, led by banking stocks and overtaking Saudi Arabia as the top-performing index in the Gulf region while other markets were mixed amid lacklustre trading.
Source: Zawya.com
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