Middle East ETF News Older than One Year
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
MIDEAST STOCKS-Banks boost Saudi on Riyad earnings, Dubai's DSI jumps
October 19, 2017--Banks led the Saudi Arabian stock market higher on Thursday after Riyad Bank reported better-than-expected earnings for the third quarter, while builder Drake & Scull jumped in Dubai.
Source: AMEInfo.com
Middle East inbound M&A deals hit all-time high
October 19, 2017--The value of transactions involving overseas corporates buying stakes in Middle Eastern companies reached an all-time high of $7.3 billion during the nine months to September 30, according to new data released by Thomson Reuters on Wednesday.
Source: AMEInfo.com
MIDEAST STOCKS-Banks boost Saudi on Riyad earnings, Dubai's DSI jumps
October 19, 2017--Banks led the Saudi Arabian stock market higher on Thursday after Riyad Bank reported better-than-expected earnings for the third quarter, while builder Drake & Scull jumped in Dubai.
Source: Zawya.com
Middle Eastern debt boom continues
October 18, 2017--The Oil and Gas Holding Company B.S.C., which is fully owned by the kingdom of Bahrain, has sold $1bn of bonds as a rush of unprecedented capital markets borrowing from the Middle Eastern region continues.
The bond came at a yield of 7.5 per cent, and included a special clause which allowed investors to recoup their money at par if the government "ceases to own 100% of the issuer".
Source: FT.com
Mideast stocks: Gulf marginally firmer in early trade
October 15, 2017-- Gulf stock markets were marginally firmer in early trade on Sunday with most Saudi Arabian insurance company shares continuing to rebound from sharp losses last week.
The main Saudi stock index.TASI edged up 0.02 percent in the first hour. Amana Insurance, which had plunged 14.9 percent last week on expectations for a shakeout in the sector caused by tougher regulation, surged 6.6 percent.
Source: Zawya.com
Signs of Economic Recovery in Middle East and North Africa But Growth Still Impacted by Instability
October 11, 2017--New World Bank report identifies factors influencing the region's medium to long term growth
Despite a growth slowdown in 2017 at 2.1 percent, economic prospects in the Middle East and North Africa (MENA) region are projected to improve in 2018 and 2019 with growth exceeding 3 percent according to the new World Bank MENA Economic Monitor titled "Refugee Crisis in MENA, Meeting the Development Challenge."
Both MENA's oil exporters and oil importers will benefit from a steady improvement in global growth; increased trade with Europe and Asia; more stable commodity markets, especially oil; and reforms undertaken in some of the countries in the region.
view the MENA Economic Monitor, October 2017: Refugees in MENA, Meeting the Development Challenge
Source: World Bank
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