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MIDEAST STOCKS-Saudi soft after hitting multi-year high, property hurts Dubai
April 24, 2018-- Saudi Arabia's stock index fell back on Tuesday as many blue chips were seen as fully valued or expensive after the market hit a more than two-year high the previous day. Other Gulf markets were mixed, with property stocks dragging Dubai lower.
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MIDEAST STOCKS-Saudi index boosted by oil gains; Qatar National Bank jumps
April 19, 2018--Saudi Arabia's stock market surged on Thursday, bolstered by a pick-up in oil prices to their highest since late 2014, while a jump in heavyweight Qatar National Bank helped to lift Qatar's index.
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Qatar strong as Commercial Bank surges, rest of Gulf moves little
April 18, 2018--Qatar's stock market outperformed in early trade on Wednesday as Commercial Bank surged after beating analysts' forecasts for its first-quarter earnings, while other Gulf bourses moved little.
Qatar's stock index rose 0.8 percent as Commercial Bank gained 3.0 percent.
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MIDEAST STOCKS-Saudi index at highest since Q3 2015, other markets mixed
April 17, 2018--Saudi market extended gains on Tuesday morning, hitting its highest level since the third quarter of 2015, backed by solid performance of leading stocks. Other markets in the region were mixed.
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MIDEAST STOCKS-Saudi index holds above 8,000 points, telcos boost Egypt
April 17, 2018-- Saudi Arabia's stock market continued a strong uptrend on Tuesday on the back of petrochemical and banking stocks, while rising telecoms shares boosted Egypt.
The Saudi index closed 0.6 percent up at 8,096 points, having finished above 8,000 points on Monday for the first time since August 2015.
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Diamonds in the Sky: New blockchain-based trading platform launches in Dubai
April 16, 2018--A new online platform that allows traders to physically purchase or trade diamonds via blockchain was launched from Dubai on Sunday, company officials said.
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Mideast Stocks-Gulf's relief rally pauses but Saudi extends gain on financials
April 16, 2018--Most Gulf stock markets were flat to slightly higher early on Monday, pausing after they rallied on the previous day because of hopes that the Western military attack on Syria would not escalate into a wider conflict. But Saudi Arabia extended its gains on the back of financials.
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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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