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Bahrain in tenuous position as foreign reserves dip to alarming levels
November 2, 2017--Bahrain has asked Gulf Arab allies for financial assistance as it seeks to replenish its foreign-exchange reserves and avert a currency devaluation that could reverberate across the region, according to people with knowledge of the talks.
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DGCX Volumes grow in Currencies and Stock Futures in October
November 2, 2017--The month of October opened on a volatile note with geopolitical tensions in Europe, the US, and Asia, which led investors and traders to increasingly turn to derivative instruments to hedge and mitigate the impact of volatility.
The Dubai Gold & Commodities Exchange (DGCX) witnessed increased trading volumes in its G6 currencies and Indian SSF as traders sought protection from increasingly erratic sentiment.
Dubai DGCX volumes grow in currencies and stock futures in October
November 2, 2017--DGCX's G6 Currency portfolio continued its strong growth trajectory seen in recent months, recording a 225% year-on-year increase.
The Dubai Gold & Commodities Exchange (DGCX) witnessed increased trading volumes in its G6 currencies and Indian SSF as traders sought protection from increasingly erratic sentiment.
Average yields fall on Egypt's six-month, one-year T-bills
November 2, 2017--The yield on the 182-day bill fell to 18.467% from 18.701% at the last similar auction
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MIDEAST STOCKS-Gulf sluggish, blue chips lift Egypt
November 2, 2017--Gulf markets remained sluggish on Thursday despite activity in Dubai's Emaar Properties after its local property development arm set an indicative price range for its initial public offering (IPO) while a couple of blue chips boosted Egypt.
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MIDEAST STOCKS-Gulf stays sluggish but Saudi's PetroRabigh surges on strong results
October 31, 2017--Saudi Arabia's stock market stayed soft in early trade on Tuesday despite a big rebound by petrochemical company PetroRabigh, while real estate-related shares again weighed on Dubai.
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New UAE investment law to come into effect by early 2018
October 30, 2017--The final draft of the landmark law is awaiting the UAE Federal National Council approval.
The long-awaited UAE investment law, which seeks to allow more than 49 per cent ownership to foreign investors in some specific business sectors, is expected to be introduced in the first quarter of 2018, Sultan bin Saeed Al Mansouri, Minister of Economy, said on Monday.
Saudi makes 5 powerful claims to region's business investment climate
October 30, 2017--Investment as a concept is getting a whole new meaning in the Middle East and North Africa (MENA) region. Keeping in view the investment opportunities and the arising challenges in the region, Saudi Arabia's Public Investment Fund (PIF) organized Future Investment Initiative (FII) in Riyadh (October 24 to 26).
The world's most powerful investors, business leaders and public officials indulged in a wholesome dialogue over the outlook of investments in the region at the FII.
For the First Time, TASE Launches Bond Indices of Companies Selected for Corporate Social Responsibility (CSR): Tel Bond-CPI Linked Maala And Tel Bond-Shekel Maala
October 29, 2017--The TASE family of SRI (Socially Responsible Investing) indices is being expanded to three indices with two additional Tel Bond Maala indices, which will be calculated alongside the "TA-Maala SRI" equity index.
In so doing, TASE joins a small and select international club of index providors that calculate SRI Bond Indices
Last Thursday (October 26, 2017) TASE's board of directors approved the launch of the following two new corporate bond indices:
"Tel Bond-CPI Linked Maala" Index, composed of bond series of issuers rated by the Maala corporate social responsibility rating organization that are included in the Tel Bond-CPI Linked Index;
MIDEAST STOCKS-Gulf markets flat on steady oil, banks weigh on Abu Dhabi
October 26, 2017--Stock markets in the Middle East were largely flat on Thursday on the back of steady oil prices, but exchanges in Dubai and Abu Dhabi shed some value, dragged down by some companies missing investors' expectations.
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