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Average yields fall on Egypt's six-month, one-year T-bills
August 24, 2017--Average yields on Egypt's six-month and one-year treasury bills fell at an auction on Thursday, central bank data showed.
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MIDEAST STOCKS-Banks strong in Saudi Arabia, DP World down after flat profit
August 24, 2017-- Banking shares were buoyant in Saudi Arabia on Thursday morning while blue chips helped lift Dubai slightly, although port operator DP World underperformed because of uninspiring interim financial results.
Lack of catalysts keeping trade values low in UAE
August 23, 2017--The UAE's equity markets remained in a relative lull on Wednesday with weak trading volumes and little movement in the main indices.
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Ultumus-Magic ETFs
August 23, 2017--Middle East
Unfortunately not at Hogwarts but in Israel there are magic ETFs and today there is a new one...
KSM Financial Instruments, Israel's largest issuer, has listed a new Magic ETF in Tel Aviv (KSMS206), which tracks the SME 150-an equally weighted index mid-cap Israeli companies put together by the Tel Aviv Stock Exchange....
Beltone Financial to list Egypt index tracker fund on Nasdaq Dubai
August 23, 2017-- Beltone Financial plans to list its Egyptian index tracker fund on the Nasdaq Dubai exchange and aims to quadruple the fund's value within a year, a company official said.
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Small stocks lose charm on UAE bourses
August 22, 2017--Stocks like Gulf Finance House (GFH), Shuaa Capital, Eshraq Properties, and Dana Gas, once darling of traders, have lost its sheen as trading value has tumbled along with the stock price.
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Al Rajhi Bank, Ma'aden boost Saudi; Dubai also outperforms
August 22, 2017--Saudi Arabia's stock market rose on Tuesday on the back of gains by Al Rajhi Bank and mining firm Ma'aden, while Dubai also outperformed most Gulf bourses although trading was thin.
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MIDEAST STOCKS-Gulf may move little, Dubai's DSI seeks to become shariah-compliant
August 21, 2017--Stock markets in the Gulf may move little on Monday as oil prices have largely held onto Friday's big gains while international equity markets barely moved overnight.
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REITs shine in Saudi, trading volume shrinks in Qatar
August 21, 2017--Real estate investment trusts were some of the top gainers on Saudi Arabia's stock exchange on Monday, a day before the listing of a new trust, but bourses in the region were generally sluggish, especially Qatar.
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DGCX to Launch Region's First Sharia Compliant Spot Gold Contract, in Partnership with Ayedh Dejem Group
August 20, 2017--The Dubai Gold & Commodities Exchange (DGCX) and Ayedh Dejem Group, a conglomerate from the Kingdom of Saudi Arabia, have agreed to develop and launch the Middle East's first-ever Sharia compliant Spot Gold contract to be traded on an international exchange.
The partnership enables both entities to increase their presence in the Saudi Arabian and wider GCC Islamic Finance market, and attract the interest of regional Islamic financial institutions and banks.