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EMERGING MARKETS-Emerging stocks on track for 4th week of gains
May 12, 2017--Emerging equities stalled on Friday and currencies slipped after Wall Street ended with losses, although the index was on track for its fourth week of gains having crossed the 1,000-point mark for the first time since mid-2015.
May 2, 2016-- Shares in petrochemicals giant Saudi Basic Industries (SABIC) fell in early trade on Tuesday after the company reported first-quarter results, while most equities in the Gulf were sluggish as oil prices traded near five-week lows.
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For Middle East and North Africa Region, Reforms Can Refuel Growth Engines
May 2, 2017-Growth is slightly improving in the countries of the Middle East and North Africa region, largely driven by higher oil prices and improved export prospects, says the IMF's latest regional economic assessment.
But civil conflict and high unemployment continue to weigh on the region's outlook.
IMF-view the Middle East and Central Asia Regional Outlook Reflecting Global Developments
Qatar QSE hits 20-week low, sees $2.45bln erode
April 29, 2017--Domestic institutions played spoilsport in the Qatar Stock Exchange (QSE), which led it hit a 20-week low and capitalisation erode more than QR9bn this week.
About 67% of the traded stocks were in the red as the 20-stock Qatar Index shed 1.48% this week, which saw Industries Qatar (IQ) and Ooredoo report QR928mn and QR584mn net profit respectively in the first quarter (Q1) of this year.
Weak earnings may drag Qatar, du may fall on poor results
April 25, 2017--A disappointing set of quarterly earnings from two Qatari blue chips may weigh on the its index on Tuesday, while Dubai's largest listed telecommunications operator, du, may keep any gains in that market capped as its net income fell short of expectations.
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This is why IMF slashed GCC growth forecasts
April 24, 2017--The International Monetary Fund (IMF) has downgraded 2017 growth forecasts for most GCC countries. The IMF revised its forecast for global growth for the first time in five years when its World Economic Outlook released last week.
The fund now expects the UAE.s economy to grow just 1.5 per cent this year (from a previous estimate of 2.5 per cent and down from an estimated 2.7 per cent growth in 2016).
MIDEAST STOCKS-Qatar may rise on strong QNB results; Zain Saudi in focus
March 12, 2017--Qatar National Bank, the largest bank in the region by assets, reported better than expected first-quarter earnings that will help lift its local bourse, while Zain Saudi shares may jump after it swung to a net profit in the first quarter.
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Profits of listed companies on the Palestine Exchange grew 6% in 2016
April 10, 2017--The annual results disclosure period ended on the Palestine Exchange (PEX), 92% of listed companies were able to disclose within the set deadline, 82% were profitable in 2016.
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Good news: GCC stocks riding high this month
April 10, 2017--Abu Dhabi and Dubai were the best performing stocks in the MENA region with an increase of 3.9 per cent and 2.5 per cent.
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