Middle East ETF News Older than One Year
Beltone Financial to list Egypt index tracker fund on Nasdaq Dubai
August 23, 2017-- Beltone Financial plans to list its Egyptian index tracker fund on the Nasdaq Dubai exchange and aims to quadruple the fund's value within a year, a company official said.
Source: Zawya.com
Small stocks lose charm on UAE bourses
August 22, 2017--Stocks like Gulf Finance House (GFH), Shuaa Capital, Eshraq Properties, and Dana Gas, once darling of traders, have lost its sheen as trading value has tumbled along with the stock price.
Source: Zawya.com
Al Rajhi Bank, Ma'aden boost Saudi; Dubai also outperforms
August 22, 2017--Saudi Arabia's stock market rose on Tuesday on the back of gains by Al Rajhi Bank and mining firm Ma'aden, while Dubai also outperformed most Gulf bourses although trading was thin.
Source: Zawya.com
MIDEAST STOCKS-Gulf may move little, Dubai's DSI seeks to become shariah-compliant
August 21, 2017--Stock markets in the Gulf may move little on Monday as oil prices have largely held onto Friday's big gains while international equity markets barely moved overnight.
Source: Zawya.com
REITs shine in Saudi, trading volume shrinks in Qatar
August 21, 2017--Real estate investment trusts were some of the top gainers on Saudi Arabia's stock exchange on Monday, a day before the listing of a new trust, but bourses in the region were generally sluggish, especially Qatar.
Source: Zawya.com
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
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