Middle East ETF News Older than One Year
Forecast for Israel's 2017 GDP Growth Increased from 2.8% to 3.4%
July 11, 2017--Yesterday evening the Bank of Israel announced it increased its forecast for Israel's 2017 GDP growth from 2.8% to 3.4%.
Israel's monetary authority cited accelerating exports and declining imports as the primary justification for their increased growth projections; continued unprecedented strength in the labor market, rising inflation expectations and expectations for a weaker Shekel were also key factors in the assessment.
Source: Blue Star Indexes
Qatar has $340bn in reserves to counter economic shocks
July 10, 2017--Qatar Investment Authority has $300bn in reserves that it could liquidate.
Source: meed.com
Gold hits biggest fall since March
July 10, 2017--Bullion expected to trade in the range of $1,200 to $1,225 an ounce this week.
More bargains await jewellery fans who will hit the shops in Dubai this week, as the bullion remains weak and looks set to tumble further.
Source: Zawya.com
BlueStar Indexes-Israeli Equities Outperform in June Capping a Strong First Half in 2017
July 10, 2017--Israeli Global Equities, as measured by BIGI(R)and tracked by the VanEck Vectors Israel ETF (NYSE: ISRA), gained 2.13% in June and 15.24% in the first half of 2017.
BIGI(R)outpaced US equities in each of the first six months of the year, and has outpaced US equities and Global Developed Market equities in 2017 to-date by 5.9 and 1.4 percentage points, respectively. In June, the top performing Israeli stocks belonged to the Materials sector but domestically-oriented stocks, especially those in the Consumer Staples and Industrials sectors, led the Israeli market higher in 2017 to-date.
Source: Blue Star Indexes
ADX and DGCX Agree to Collaborate on a Unified Clearing House in the UAE
July 9, 2017--The Abu Dhabi Securities Exchange (ADX), a leading securities exchange in the region, signed a Memorandum of Understanding (MoU) with Dubai Gold and Commodities Exchange (DGCX)m the region's largest and most diversified derivatives bourse, and its parent company, DMCC (Dubai Multi Commodities Centre) to create the basis for collaboration on a unified Clearing House (CCP) in the UAE.
Source: Dubai Gold and Commodities Exchange (DGCX)
MIDEAST STOCKS-Doha may firm on no new sanctions; sharp oil drop may hurt Gulf
July 6, 2017--Qatar's stock market may rise on Thursday after four Arab states decided for now not to slap fresh sanctions on Doha, while a sharp overnight fall in oil prices may weigh on Gulf bourses in general.
Source: Zawya.com
After month of crisis, here are Qatar's worst-hit stocks
July 5, 2017--Qatar's stock market has lost about $15bn in market value since the start of a Saudi-led boycott, with 17 of 19 members on the main QE index declining
Source: FIN24
Foreign funds bolster Qatar, Saudi edges up
July 3,2017--Foreign funds helped Qatar's equities index rebound on Monday after a diplomatic deadline for Doha to comply with demands by four Arab states was extended by two days to Tuesday night.
Saudi Arabia edged up on the back of petrochemicals.
Source: Zawya.com
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
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