Middle East ETF News Older than One Year
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.
Source: DIFC
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.
Source: Tel-Aviv Stock Exchange (TASE)
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.
Source: Zawya.com
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.
Source: Zawya.com
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.
Source: Zawya.com
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.
Source: Zawya.com
MIDEAST STOCKS-Dubai recovers from 11-day losing streak; Saudi flat
June 28, 2019--Dubai stocks closed on a positive note on Thursday after 11 straight days of losses, while the Saudi market was flat as investors held back from taking new positions ahead of announcements of second quarter company results.
Source: Zawya.com
MIDEAST STOCKS-Real estate and construction weigh on Dubai; Saudi slips
June 26, 2018--Real estate and construction companies weighed on the Dubai market on Tuesday as Drake & Scull mined new multi-year lows and Saudi stocks also slipped.
DSI shares fell ten percent for a second day running to close at 0.81 dirhams ($0.22) per share, its lowest for at least five years.
Source: Zawya.com
Saudi bourse may see a correction after MSCI decision-Al Masah Capital
June 26, 2018--Saudi Arabia's stock market may witness a correction following global index compiler MSCI's decision to incorporate the Kingdom into its global emerging markets index, according to an executive at a Dubai-based asset management firm.
Source: Zawya.com
MIDEAST STOCKS-Dubai hits lowest since Jan 2016 on DSI, Saudi loses momentum
June 25, 2018--Dubai stocks slumped on Monday to its lowest since January 2016, led by losses in contractor Drake & Scull, while Saudi stocks slipped after gains ahead of index compiler MSCI's move to lift Riyadh to its emerging markets benchmark.
Source: Zawya.com
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