Middle East ETF News Older than One Year
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.
Source: Dubai Gold and Commodities Exchange (DGCX)
Goldman Sachs gets approval for Saudi equities trading license
August 20, 2017--Goldman Sachs (GS.N) received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom.
Western financial institutions have been looking to tap new opportunities in Saudi Arabia since the government unveiled plans for oil giant Saudi Aramco's $100 billion initial public offering and introduced reforms to attract foreign capital as part of moves to reduce the economy's dependence on oil.
Source: Reuters
EXCLUSIVE: Cairo will return to the international debt market
August 17, 2017--Sources have told MEED that the finance ministry is looking to raise as much as $4bn in 2017.
Source: Meed
MIDEAST STOCKS-Gulf rises, Saudi's Atheeb Telecom jumps after swinging to profit
August 17, 2017--Stock markets in the Gulf rose early on Thursday with Saudi Arabia's index gaining strength from positive company-specific news.
Source: Zawya.com
Egypt's first bitcoin exchange to begin trading this month
August 17, 2017--Egypt's first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said, linking the Middle East's most populous country with a cryptocurrency that has surged in value in recent months.
Source: Zawya.com
MIDEAST STOCKS-Gulf set to consolidate; Dubai near chart support
August 16, 2017--Gulf stock markets look set to consolidate on Wednesday in the absence of positive factors, though Dubai's index has dropped near minor technical support, which could trigger a modest rebound.
Source: Zawya.com
Most markets up; Egypt ends losing streak but Qatar down after data
August 16, 2017--Most Middle Eastern stock markets rose on Wednesday, with Egypt ending a six-day losing streak, but trading volumes were thin in the absence of major new catalysts for investors.
Source: Zawya.com
Qatar crisis: What does it ultimately mean for the region's economy?
August 15, 2017--A Saudi Arabia-led group of states cut diplomatic ties and trade and transport links with Doha on June 5.
Would the impact of this move be confined within Qatar's borders?
Global credit rating agency S&P expects that political tensions within the GCC, which has been long viewed by many as a stable political alliance in the Arab region,will persist over the next few years.
Source: AMEInfo.com
The Tel Aviv Stock Exchange Launches 6 New Tel-Bond Maturity Indices
April 15, 2017---Since The Beginning Of The Year, TASE Has Launched 10 New Indices
TASE's board of directors decided during its meeting on Thursday (10 August 2017) to launch new series of Tel-Bond maturity indices.
In total, six indices will be launched in two clusters: Tel-Bond fixed rate and Tel Bond-Shekel.
Source: TASE
MIDEAST STOCKS-Qatar's IHG falls on listing, Dubai dragged down by weak Q2 earnings
August 14, 2017--Shares of the first family business to list in Qatar fell in early trade on Monday, while weak earnings at several companies in Dubai weighed on the stock index there.
Source: Zawya.com
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