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Islamic finance in 2018: slow growth is the new normal
June 20, 2017--S&P Global Ratings believes the Islamic finance industry will continue to expand this year, but lose some momentum in 2018.
The industry's assets reached $2 trillion at year-end 2016, slightly below our September forecast.
TASE Launches A New Index: The Tel-Bond-Global Index
June 18, 2017--The index will include bonds of foreign companies with no Israeli orientation, that are traded on the TASE
In its meeting on Thursday (June 15), the Tel Aviv Stock Exchange (TASE) Board of Directors approved the launch of a new index, Tel Bond-Global, based on shekel bonds of foreign companies traded on the TASE.
Global Growth Bodes Well For Israel in 2H 2017 But Mid-June Tech Swoon is a Setback
June 16, 2017--Israeli Global Equities, as measured by BIGI(R), gained 2.65% in May and 13.42% in 2017 to-date. BIGI(R) outpaced US equities for the fifth month in a row, and has performed in-line with other Global Developed Market equities in 2017 to-date.
In May, the top performing Israeli stocks belonged to the consumer staples and energy sectors. Notably, BIGI(R) is also outperforming the MSCI Israel and TA-125 Indexes since the start of 2017 by 7.5 and 4.5 percentage points...
Oil price fall has mixed impact on Gulf, Doha extends recovery
June 15, 2017--Stock markets in the Gulf were mixed on Thursday with Qatar and Dubai rising despite a fall in crude oil prices, while Saudi Arabia's decline was cushioned by hopes it will be put on review for possible emerging market status next week.
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New Report Projects Modest Growth in GCC with Increased Activity in the Non-Oil Sector
June 15, 2017--A new World Bank report projects growth in the Gulf Cooperation Council countries will gradually recover from 1.3% in 2017 to 2.6% in 2019.
The first edition of the Gulf Economic Monitor, which will be produced half-yearly by the World Bank, indicates that, although overall growth will remain weighed down by oil production cuts, growth in the non-oil sector has bottomed out. With oil prices expected to stabilize at close to current levels, the pace of fiscal austerity slowing and with major reforms planned in the region, spending and sentiment in the non-oil sector are expected to slowly lift.
view the Gulf Economic Monitor Issue 1, June 2017: Sustaining Fiscal Reforms in the Long-term
Oil prices on the back foot despite OPEC cut extension
June 13, 2017--Surveying the oil markets at the start of May, when prices were under pressure and ranging between $49-$51 per barrel (bbl), OPEC ministers could be forgiven for believing that a decision to extend their six-month production cut agreement for an additional nine months, to March 2018, would be just the prescription to boost the oil price.
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Emaar, DSI buoy Dubai; Qatar recovers as minister reassures on crisis
June 12, 2017--Qatar's stock market rebounded on Monday from sharp falls last week after the finance minister said the economy was essentially operating as normal despite the region's diplomatic crisis, while property-related shares buoyed the United Arab Emirates.
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Dubai non-oil economy growth slows to seven month low
June 11, 2017--Economic growth momentum in Dubai is fading with pace of business activities slowing to new low in several months, according to a new survey.
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Iran's Main Bourse Gains 88% In 4 Years
June 10, 2017--Major indicators improved in Tehran Stock Exchange between 2012-2016.
Tehran Stock Exchange's Market Capitalization was around IRR 171 trillion in 2012. The figure was raised above IRR 322 trillion after 4 years in 2016.
Based on a report by the Exchange's R&D Department, the average P/E ratio was recorded as 5.35 in the beginning of the period and reached 6.84 in the end of 2016.
Blue chips help Qatar rebound, weak oil prices hit Saudi
June 8, 2017-- Qatar's stock market rebounded in early trade on Thursday after losing 9.7 percent since neighbouring Arab states cut diplomatic and trade relations with it early this week, while an overnight plunge in oil prices weighed on Saudi Arabia's bourse.
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