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Abu Dhabi's Senaat asks proposals for dollar sukuk-sources Bluechip propels Dubai index to 4 month high ICAEW Economic Insight: Middle East-Regional growth uneven as oil related activity slows: Q2 summary The recent extension to retain lower oil output globally means a slower recovery in oil related activity than anticipated, in addition to spillover effects to the non oil sector.
Progress on diversification, economic reform and streamlining the use of public funds has become even more crucial if investment and growth in the non oil sector is to take the mantle of job creation across the region.
The acceleration of global trade in the first half of 2017 has provided a boost to growth across many regions of the world economy. Juhayna profit fall pulls down Egypt; Gulf mixed Amending the trading commissions for Tradable Rights and Exchange Traded Funds (ETFs) MIDEAST STOCKS-Du earnings beat may aid Dubai, global environment neutral TASE to Launch a New Fixed Income Index: Tel Bond Shekel-50 Banks push Qatar higher, Mobily's loss dampens Saudi IMF Executive Board Concludes 2017 Article IV Consultation with Saudi Arabia Dubai rises after bank earnings, most of region sluggish
August 1, 2017--Abu Dhabi's Senaat, a state-owned investor in the emirate's industrial sector, has asked banks for proposals to arrange a U.S. dollar denominated sukuk, or Islamic bond, sources familiar with the matter said on Tuesday.
July 31, 2017-- Buying in Emaar Properties and Dubai Islamic Bank propelled Dubai index to its highest level in four months.
The Dubai Financial Market Index closed at a high of 3,633.18, up 0.76 per cent, the highest level since March 9.
July 27, 2017--The ICAEW Economic Insight: Middle East, is a quarterly economic forecast for the region prepared directly for the finance profession. Regional growth uneven as oil related activity slows: Q2 summary
The Middle East looks unlikely to fully benefit from the improvement in world economy and world trade in particular, due to a range of structural reasons.
July 27, 2017--A slide in shares of Egypt's Juhayna Food Industries after it reported second-quarter earnings pulled down Egypt's stock market on Thursday, while Gulf bourses were mixed.
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July 27, 2017--In reference to CMA's resolution of amending trading commissions for listed shares, published on 30/6/2016.
The CMA has approved amending the trading commissions for Tradable Rights and Exchange Traded Funds (ETFs) to be as the trading commissions for Listed Shares and Real Estate Investment Funds (REITs) as per the previous resolution.
July 25, 2017--An earnings beat by Dubai telecommunications firm du may help to boost that market on Tuesday, while other markets may move little as the global environment is broadly neutral.
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July 25, 2017--The index will consist of the top 50 Israeli bond series Included in the Tel Bond-Shekel Index The index will not include bonds of foreign companies TASE estimates high demand for the index.
On July 20th, 2017, The Tel Aviv Stock Exchange (TASE) Board of Directors approved the launch of a new Fixed Income index, the Tel Bond Shekel-50.
July 24, 2017--Banks pushed Qatar's stock market higher on Monday while Saudi Arabia's market edged down as telecommunications firm Mobily plunged in the wake of a bigger-than-expected quarterly loss.
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July 21, 2017--On July 17, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with Saudi Arabia.
Non-oil growth is projected to pick up to 1.7 percent in 2017, but overall real GDP growth is expected to be close to zero as oil GDP declines in line with Saudi Arabia's commitments under the OPEC+ agreement.
Growth is expected to strengthen over the medium-term as structural reforms are implemented.
July 19, 2017--Dubai's stock market rose on the back of strong bank earnings in early trade on Wednesday while most of the rest of the region was sluggish.
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