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Egypt's Economic Outlook-April 2018
April 16, 2018--As reform momentum is sustained, economic activity is expected to improve and imbalances are projected to narrow further. Real GDP is forecast to grow by 5% in FY18, and to increase gradually to 5.8% by FY20.
Growth is expected to be driven by resilient private consumption and investment, in addition to a gradual pickup in exports (notably from tourism and gas).
The budget deficit is expected to narrow to 9.8% of GDP in FY18.
view the Egypt’s Economic Outlook-April 2018
World Bank-Growth Expected to Rebound in Middle East and North Africa
April 16, 2018--Growth to exceed 3% but reforms needed to achieve region's full potential and meet demands of large youth population
The World Bank Group's latest Middle East and North Africa Economic Monitor projects regional growth to increase to 3.1% in 2018, up from 2% in 2017.
The increase in growth is expected to be broad based, driven by a favorable global economic environment, stability in the oil market at slightly higher prices, and the resumption of post-conflict reconstruction.
"There are grounds for optimism," said Hafez Ghanem, World Bank Vice President for the Middle East and North Africa Region. "Now is the time to focus on creating more jobs and economic opportunities for youth. The positive outlook is an opportunity to speed up reforms for a renewed private sector as an engine of growth and job creation."
view the World Bank MENA Economic Monitor, April 2018: Economic Transformation
MIDEAST STOCKS-Most of Gulf hit by Syria tensions but Saudi stabilises
April 12, 2018--Most Gulf stock markets dropped in early trade on Thursday as fears of an imminent strike on Syria unsettled bourses globally, but Saudi Arabian stocks stabilised after their sell-off late on the previous day.
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Abu Dhabi steps up pace of privatisations
April 12, 2018--Abu Dhabi's plans to unlock the share value of some of its key economic assets are gathering steam, with initial public offerings (IPOs) of a number of public enterprises expected in 2018, in moves that could encourage private sector companies to follow suit.
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MIDEAST STOCKS-Gulf subdued in early trade, Dubai's Drake & Scull rebounds
April 11, 2018--Gulf stock markets were mostly subdued in early trade on Wednesday, in line with global markets, although builder Drake & Scull (DSI) was strong in Dubai.
The Dubai index was up 0.3 percent as DSI, the most heavily traded stock, climbed 2.4 percent. It has been trading near five-month lows.
The Qatar index lifted 0.2 percent in early trade, building on a 1.8-percent gain on Monday.
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Saudi exchange counting on foreign funds to aid Aramco IPO, chief says
April 8, 2018--Saudi Arabia's stock exchange expects an influx of foreign funds to smooth the listing of national oil firm Saudi Aramco, despite concern among some analysts about whether the market can absorb the huge offer, the exchange's chief executive said on Sunday.
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MIDEAST STOCKS-Gulf stocks mainly positive, Saudi continues rebound
April 5, 2018--Gulf stock markets were mainly in positive territory on Thursday, with Saudi Arabia's index continuing to rebound after several days of profit-taking.
The Saudi index was up 0.6 percent, with United International Transportation Co up 2.2 percent and loss-making Saudi Arabian home furnishings maker Al Sorayai Trading climbing 2.2 percent.
Ministry Of Economy And Industry And The Tel-Aviv Stock Exchange Are Launching A New Index: TA-Industrials-The Index Comprises More Than 80 Industrial Companies From A Range Of Israeli Economic Sectors
April 4, 2018--The board of directors of The Tel-Aviv Stock Exchange (TASE) approved (March 29, 2018) the launch of a new equity index in conjunction with the Ministry of Economy and Industry.
The new index- TA-Industrials Index-comprises more than 80 listed companies from various industry sectors across the board and will facilitate investment in the growth opportunities inherent in Israeli industry.
MIDEAST STOCKS-Money flows back into Saudi, Emaar keeps falling in Dubai
April 4, 2018--Buyers returned to the Saudi Arabian stock market on Wednesday as blue chips attracted interest again after several days of profit-taking that followed FTSE Russell's decision to upgrade Riyadh to emerging market status.
