Middle East ETF News Older than One Year
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
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
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