Middle East ETF News Older than One Year
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.
Source: Zawya.com
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.
Source: AMEInfo.com
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;
Source: TASE
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.
Source: Zawya.com
Gulf row holds back single currency plan-Bahrain cenbank
October 26, 2017--A row between Qatar and some other Gulf Arab states has paused progress to a single currency in the six-nation Gulf Cooperation Council (GCC), Bahrain's central bank governor said on Thursday, adding he hoped work on the project would resume soon.
Source: Zawya.com
MIDEAST STOCKS-Gulf bourses may firm up on higher oil prices
October 25, 2017--Stock markets in the Gulf may tick higher Wednesday on a jump in oil prices to a near four-week high after leading exporter Saudi Arabia said it was determined to halt a supply glut.
Source: Zawya.com
MIDEAST STOCKS-Saudi stocks largely flat, SEC rises on potential SoftBank stake
October 25, 2017--Saudi Arabian stocks opened largely flat on Wednesday as gains by Saudi Electricity Co (SEC) were offset by declines for Zain Saudi and Middle East Healthcare.
SEC was one of the biggest gainers, rising by 4.5 percent in early trading after news on Tuesday that the kingdom will consider selling a large stake in the utility to SoftBank Vision Fund, the world's largest private equity fund.
Source: Zawya.com
Saudi Arabia flat, Emaar lifts Dubai market
October 24, 2017-- Saudi Arabia's stock market ignored a huge investment conference in Riyadh and remained flat while Emaar Properties and contractor Drake & Scull helped Dubai to rebound on Tuesday.
Source: Zawya.com
MIDEAST STOCKS-Emaar weighs on Dubai, Banks drag down Saudi early on
October 23, 2017--Emaar Properties weighed on Dubai's stock market in early trade on Monday for the second day in a row, while Saudi Arabia was dragged down by the banking and insurance sectors.
Source: Zawya.com
'Fintech could reduce GCC banks profitability'
October 20, 2017--While technological innovation in the financial sector is a global trend, reaching developed and developing economies alike, S&P Global Ratings, the global ratings agency, believes that financial technology (fintech) could reduce the profitability of some business lines of GCC banks and change the way they operate over time.
Source: AMEInfo.com
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