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MIDEAST STOCKS-Gulf may be quiet but Dubai's Shuaa could shine
August 13, 2017-- Stock markets in the Gulf may be quiet on Sunday as investors are reluctant to invest aggressively but Dubai investment bank Shuaa Capital may shine after it reported strong quarterly results.
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MIDEAST STOCKS-Zain surges on Omantel move, TAQA down after earnings MIDEAST STOCKS-Markets may be weak, Saudi's Arabian Cement misses estimates IMF Staff Country Reports-Iraq: Selected Issues Region moves sideways, outperforms EM index; DXBE slides on losses Egypt non-oil economy sees signs of stability in July Israel's "Island Economy" Benefiting From Global Growth Abu Dhabi Securities Exchange net foreign investments $7million in July 2017 Saudi market gains, but Samba drops on Q2 results Saudi stocks get a boost from banking sector
August 10, 2017--- Gulf stock indexes moved little in early trade on Thursday, continuing a two-week-old trend, with Kuwaiti telecommunications firm Zain a standout gainer in response to an investment by Omantel.
August 10, 2017-- Middle Eastern stock markets may be weak on Thursday with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.7 percent, partly because of North Korean tensions.
August 9, 2017--IRAQ: REINING IN CURRENT EXPENDITURE TO CREATE FISCAL SPACE FOR INCLUSIVE GROWTH1
Iraq's public spending is high in international comparison and is driven by its two largest
components: compensation of public employees and social transfers.
The public-sector payroll is
poorly controlled and, therefore, has been growing dynamically. Moreover, the number of positions may not reflect the number of employees performing a job in the absence of centralized human resources management that would prevent absenteeism or fraud. Relatively high public-sector wages
and job security make other alternatives appear undesirable, leading to subdued private sector job growth.
August 9, 2017--Middle Eastern stock markets generally moved sideways in quiet trade on Wednesday, outperforming other emerging markets, though Dubai theme park operator DXB Entertainments sank because of poor first-half earnings.
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August 9, 2017--The downturn in the overall health of the Egypt's non-oil private sector eased in July, with the latest deterioration in business conditions marking the weakest in a year, according to new survey.
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August 8, 2017--Israeli Global Equities, as measured by the BIGI(R) index and tracked by the VanEck Vectors Israel ETF (NYSE: ISRA), declined 0.51% in July but gained 14.66% in 2017 to-date; July was the first month of Israeli underperformance relative to US equities in 2017.
Israeli equities also outpaced global developed markets in the first half of 2017, but due to July's relative weakness they are now underperforming in 2017 to-date.
August 7, 2017--Foreign investors' purchases in July 2017 reached AED1.391 billion at Abu Dhabi Securities Exchange, ADX, accounting for 42.5 percent of total buy trades, whereas their sales stood at AED1.365 billion, comprising 41.7 percent of total sell trades, bringing to AED26 million the net foreign investments in July, with net institutional investments in the same month amounting to AED 254.5 million.
August 7, 2017--Saudi stocks edged up in early trade, with gains kept in check by sharp declines in the local market's third largest bank after it reported a slight dip in second quarter profit.
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August 7, 2017-- Saudi Arabia's stock market edged up on the back of modest gains in the banking sector on Sunday while Egypt imitated world markets' strong finish at the end of last week. Most other Middle Eastern bourses fell.
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