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Egypt to determine Eurobond currency, issuance date in 2 weeks
September 19, 2017-- Egypt expects to determine the currency of its next Eurobond issuance within two weeks, finance minister Amr El-Garhy told Reuters on Tuesday.
Garhy said the ministry is looking to issue Euro-denominated Eurobonds to fulfill short-term obligations and to diversify its currency basket.
Toronto Stock Exchange seeks partnerships with Gulf bourses
September 19, 2017--The Toronto Stock Exchange, which is vying to host Saudi Aramco's overseas listing, is exploring partnerships with bourses in the Gulf to help it tap into energy privatisations there.
Egypt to return to debt markets in November
September 18, 2017--Cairo will also move ahead with $10bn eurobond programme next year.
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MIDEAST STOCKS-Qatar's decline intensifies as insurer's Abu Dhabi branch shut
September 18, 2017--Qatar's stock index was down again on Monday as shares in Qatar Insurance tumbled after it announced the closure of its Abu Dhabi branch because of the region's diplomatic crisis.
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Qatar hits 5-year low as diplomatic rift hits firms
September 18, 2017--Qatar's stock index hit a five-year low on Monday because of a fresh sign that a diplomatic dispute in the region was starting to inflict long-term damage on some of its companies.
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Kuwait says stock market offering for first PPP project in Q1 2018
September 11, 2017--Kuwait said on Monday that it is expected to offer shares of its first public-private partnership project to investors on the Kuwait stock exchange in the first quarter of 2018.
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MIDEAST STOCKS-Much of Gulf may fall on Korea tensions, oil rebound may aid Saudi
September 6, 2017--Stock markets in most Gulf countries may slip on Wednesday as Asian stocks have tracked Wall Street's slide overnight, but an overnight rebound in crude oil prices could support Saudi Arabia's bourse, which has been closed for a week.
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IMF Team Completes a Staff Visit to Qatar
August 30, 2017--The Qatari economy and financial markets continue to adjust to the effects of the diplomatic rift.
Fiscal consolidation is proceeding, underpinned by current expenditure cuts and an increase in non-oil revenues.
An IMF team led by Mohammed El Qorchi visited Doha from August 13-20 to take stock of recent economic developments since December 2016.
At the conclusion of the visit, Mr. El-Qorchi issued the following statement:
"The Qatari economy and financial markets are adjusting to the shock associated with the June 5 measures imposed following the diplomatic rift with some trading-partner countries. The measures led to a sharp contraction in imports in June (40 percent year-over-year), with a slight recovery in July.