Middle East ETF News Older than One Year


Qatar Telecom shares add slightly on Tunisiana acquisition

November 22, 2010--The QE Index ended one percent higher Monday at 8,273.07 points as Qatari shares gained across the board. Shares of Qatar Telecom (Qtel) added 0.05% to finish at QR182.50. Qatar Telecom announced today that it has signed,

via Wataniya Telecom, a 52.5% subsidiary of Qtel, an agreement with a consortium led by Princesse Holding of Tunisia to jointly acquire from Orascom Telecom Holding their 50% shareholding in Orascom Telecom Tunisie. Wataniya has an existing 50% shareholding in Tunisiana.

Source: AME Info


Kuwait bourse KSE dips insignificantly

November 22, 2010--The KSE market index ended 0.05% to close at 6,964.4 points. Shares of National Bank of Kuwait (NBK), the largest bank in the emirate, ended in line with the lacklustre trading

flat at KD1.320. Kuwait Investment Company, which rallied since bottoming out in July, lost 6.1% on profit bookings, closing at KD0.152.

Source: AME Info


Tadawul market ends flat at 6,363 points

November 22, 2010--Early index gains were wiped out at the Saudi bourse Tadawul as banks weighed on the Tasi composite which ended unchanged at 6,363.2. Alinma Bank dipped 0.47% to close at SR10.55.

Saudi Hollandi Bank weakened 1.58%, finishing at SR31.10. But market bellwether Sabic stabilised at SR100.75 (up 0.50%) which prevented the GCC's lead market from falling further.

Source: AME Info


ADX sees glitches for derivatives

Bourse sees influx of foreign capital and enhanced transparency
November 22, 2010--The Abu Dhabi Securities Exchange (ADX) is still planning to introduce derivatives as part of an ongoing development strategy but the scheme is beset with hurdles, the bourse’s deputy CEO has said.

Rashed Al Baloushi said the 2008 global fiscal distress had hit foreign investment flow into to the emirate and dampened IPO issuance but expected the flow to resurge after the market stabilizes and measures to enhance transparency.

read more

Source: Emirates 24/7


Dubai Gold And Commodities Exchange Weekly View-November 21, 2010

November 21, 2010--It is a short working week in the U.S. next week, due to the Thanksgiving holiday on Thursday and all the economic data of significance therefore is clustered in the Tues-Weds period.
On Tuesday, the data leads off with the second estimate of third quarter GDP. There may be an upward revision as consumer spending was a bit stronger, net exports a bit narrower and inventories bit higher, but it should not look fundamentally different from the advance estimate. The Richmond Fed's Survey of Manufacturing for November will also be released.

The BLS will release two separate labour market reports for October on Tuesday. The data for mass layoff activity should continue to reflect very low levels of layoffs. Employers are reluctant to lose skilled workers, and payrolls that were deeply pared in early 2009 have yet to recover. The numbers for state and regional unemployment will provide some detail for the data behind the national unemployment rate of 9.6%.

On Wednesday, initial claims for the week ended November 20 will be released. New claims are slowly heading lower, if somewhat unevenly. Claims for continuing and extended benefits are taking somewhat larger strides in declines, but remain elevated, as do initial claims. If Congress extends benefits again, these decreases could wane...

read more

Source: Dubai Gold And Commodities Exchange


UAE rolls out new banking guidelines

November 18, 2010--The UAE's central bank has unveiled new guidelines regarding provisions and loans in line with the Basel Committee on Banking Supervision standards, Reuters has reported.

"All banks and other financial institutions are required to make provisions, specific or general, required for this regulation and deduct them from the profit and loss account at the end of each quarter and not delay them till the end of the financial year," the central bank said in a statement. The guidelines will "serve as a catalyst in depicting a truly realistic financial position of banks and other financial institutions," it said.

Source: AME Info


UAE stock markets will stay calm after Eid break

November 18, 2010--UAE stock markets, which are scheduled to resume trading on Sunday after the Eid holiday, should remain relatively unaffected by worrying global financial news

that dragged down international markets in the last few days, an analyst said.

Source: Todays Zaman


Dubai market down 0.28%

November 14, 2010--The DFM General Index ended 0.28% lower Sunday, closing at 1,687.00. District cooling specialist Tabreed plummeted 2.38% to finish at Dhs0.41.

Dubai Islamic Bank bucked the trend, gaining 1.82% to close at Dhs2.24. Some 73.67m shares changed hands.

Source: AME Info


Abu Dhabi bourse dips 0.35% ahead of Eid holidays

November 14, 2010--The ADX market in Abu Dhabi ended 0.35% lower at 2.748.92. Losses in the energy segment weighed on the market. Abu Dhabi National Energy Co., also known as Taqa, plummeted 5.41% to close at Dhs1.42.

Market bellwether Aldar Properties surged 2.65%, finishing at Dhs2.33. United Insurance Co. reported a 9-month net profit of Dhs16.51m, down 11.58% compared to the corresponding period in 2009. The share price is quoted at Dhs4.

Source: AME Info


Qatar Telecom shares reach new 2010 high

November 14, 2010--The Doha-based Qatar Exchange (QE) ended 0.13% higher at 8,083.87 points. Trading volumes declined 40% (some 5.09m shares changed hands) as investors prepared for Eid holidays.

Qatar Telecom, the former telecom monopolist, closed 1.05% higher at QR182.30, reaching a new high in 2010. Qtel is trading at a price earnings ratio of 9.33. Its dividend yield stands at 3.84%.

Source: AME Info


If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.

Americas


July 02, 2025 Northern Lights Fund Trust II files with the SEC-PeakShares Sector Rotation ETF
July 02, 2025 Northern Lights Fund Trust II files with the SEC-Beacon Tactical Risk ETF and Beacon Selective Risk ETF
July 02, 2025 RBB Fund Trust files with the SEC-MUFG Japan Small Cap Active ETF
July 02, 2025 Columbia ETF Trust I files with the SEC-5 ETFs
July 02, 2025 Stone Ridge Trust files with the SEC-LifeX 2028 Income Bucket ETF and LifeX 2030 Income Bucket ETF

read more news


Europe ETF News


June 16, 2025 ESMA's activities in 2024 focused on strengthening the EU capital markets and putting citizens and businesses at the heart of it
June 12, 2025 Janus Henderson launches active fixed income ETF
June 12, 2025 ifo Institute Raises Growth Forecast for Germany
June 10, 2025 ESMA publishes latest edition of its newsletter
June 06, 2025 Active ETF fever grips selectors-is the end in sight for mutual funds?

read more news


Asia ETF News


June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 13, 2025 Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025 Unlocking Consumption to Sustain Growth in China -World Bank Economic Update
June 13, 2025 US trading firm Virtu weighs foray into China market-making business

read more news


Global ETP News


June 14, 2025 Global Economic Prospects-Global Economy Faces Trade-Related Headwinds
June 12, 2025 Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs 
June 10, 2025 Global Economy Set for Weakest Run Since 2008 Outside of Recessions
June 03, 2025 Trade Reckoning

read more news


Africa ETF News


June 24, 2025 East Africa's regional 20 share index
June 16, 2025 African Credit Rating Agency to Launch September 2025
May 27, 2025 African Economic Outlook 2025-Africa's short-term outlook resilient despite global economic and political headwinds

read more news


ESG and Of Interest News


June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale
June 03, 2025 The Longevity Dividend

read more news


White Papers


May 30, 2025 IMF Working Paper-Interest Rate Sensitivity Scenarios to Guide Monetary Policy

view more white papers