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Juhayna profit fall pulls down Egypt; Gulf mixed
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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Amending the trading commissions for Tradable Rights and Exchange Traded Funds (ETFs)
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.
MIDEAST STOCKS-Du earnings beat may aid Dubai, global environment neutral
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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TASE to Launch a New Fixed Income Index: Tel Bond Shekel-50
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.
Banks push Qatar higher, Mobily's loss dampens Saudi
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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IMF Executive Board Concludes 2017 Article IV Consultation with Saudi Arabia
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.
Dubai rises after bank earnings, most of region sluggish
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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Banks boost Qatar in otherwise quiet region
July 19, 2017-- Banking stocks boosted Qatar's equities market on Wednesday, with some share prices approaching levels last reached before the country's diplomatic crisis erupted in early June, while other bourses in the region were mostly quiet.
Saudi-led bloc modifies demands to end Qatar crisis
July 19, 2017--The four Arab nations leading a boycott of Qatar are no longer insisting it comply with a list of 13 specific demands they tabled last month.
Diplomats from Saudi Arabia, the United Arab Emirates, Bahrain and Egypt told reporters at the UN they now wanted it to accept six broad principles.
Is Saudi Arabia ready for the MSCI Emerging Markets Index?
July 18, 2017--Saudi's entry into the MSCI Emerging Markets Index is a hotly discussed topic now more than ever given that MSCI has lauded the progress made by the kingdom in its efforts towards capital markets reforms.
The kingdom would be the third country from the Gulf Cooperation Council to be included in the index after the UAE and Qatar were admitted in 2014.