Middle East ETF News Older than One Year
DGCX Sees Growth in Gold and Currencies Amidst Increased Geopolitical Risks and Economic Uncertainty
July 2, 2017--Dubai Gold and Commodities Exchange (DGCX), the region's largest and most diversified derivatives bourse, witnessed a surge in Gold and currencies trading in June, which can, in part be attributed to the recent listing of additional 'Calendar spreads' on the Exchange's Gold Futures and G6 Currency contracts.
'Calendar spreads' also known as 'Futures or Intermonth Calendar Spreads' are a set of futures trading strategies that utilizes future contracts of different expiration months on the same underlying asset.
Source: Dubai Gold and Commodities Exchange (DGCX)
Qatar stocks decline as deadline looms
July 2, 2017--Qatar Stock Exchange index has slumped sharply since the GCC political rift started on 5 June.
Source: meed.com
Banking shares fall, bucking global trend in UAE, Kuwait
June 29, 2017--Gulf stock markets were mixed on Thursday, with banks in the United Arab Emirates and Kuwait generally weak despite a strong performance by their global counterparts.
Source: Zawya.com
Oil exporters back in trouble- report
June 27, 2017--Oil demand growth has undershot expectations in H1 2017, removing support to oil prices just when the market needed it most.
Globally, demand expanded by just 900 thousand b/d in H1 2017. This paltry figure was followed by a modest acceleration to 1.1 million b/d in Q2. In essence, global oil demand ran at just half the growth rate of the last two years.
Source: AMEInfo.com
Israeli spy agency creates fund to invest in tech firms
June 27, 2017--Israel's Mossad spy agency is starting a fund to invest in technology firms creating products that could assist its work, including those involving robotics and encryption, the prime minister's office said Tuesday.
Source: phys.org
Saudi business cheers leadership shift, frets over reform, region
June 26, 2017-- The promotion of Saudi Arabia's top economic reformer to crown prince has cheered business leaders who believe it will open up new opportunities.
Source: Zawya.com
Arab states present demands to Qatar to end blockade
June 23, 2017--Doha has been given 10 days to comply with list of 13 demands handed over by Kuwait
Saudi Arabia, the UAE, Bahrain and Egypt have issued Qatar with a list of 13 demands that it must comply with within 10 days if it wants them to lift their diplomatic and economic blockade, according to news agency reports.
Source: Zawya.com
Markets lose faith in OPEC as oil falls deeper into bearish territory
June 22, 2017--The ongoing fall in oil prices has driven risk-off sentiments across all asset classes.
U.S. stocks closed mostly lower on Wednesday despite the unexpected rise in home resales.
Source: AMEInfo.com
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