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GCC equity markets recovery seen swifter in 2017
January 3, 2017--Corporate earnings to remain main support.
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Dubai Financial Market planning to allow short-selling
January 3, 2017--Move planned to increase trading liquidity
Gulf regulators have shied away till now due to fears it will destabilise markets
Bourse plans to introduce covered short-selling in Q1 2017
Dubai Financial Market (DFM), the Gulf's only listed stock exchange, said on Tuesday that it planned to introduce covered short-selling, a move that could
Gulf may gain as oil, Asian bourses start 2017 strong
January 3, 2017-- In the Gulf region, the petrochemical sector in Saudi Arabia may get a boost from the rise in oil prices
Brent crude oil is at $57.16 a barrel, close to last year's high of $57.89.
Both crude oil prices and Asian bourses started their first trading day of 2017 with a firm tone
Gulf bourses edge up in early trade, petchems buoy Saudi
December 28, 2016--Most major Gulf stock markets edged up in early trade on Wednesday in line with global bourses, as petrochemical producers led Saudi Arabia's bourse.
The Saudi index, which surged 1.3 percent on Tuesday to a new high for the year, climbed 0.3 percent in the first 15 minutes.
Tadawul All Share Index hits new 52-week high
December 28, 2016--The Saudi stock benchmark Tadawul All Share Index rose 1.27% to hit a new 52-week high.
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Abu Dhabi bourse to introduce short-selling in first quarter 2017-CEO
December 27, 2016--Abu Dhabi's stock market plans to introduce covered short-selling in the first quarter of 2017, its chief executive said on Monday, as it seeks to boost liquidity and attract more foreign investors.
In covered short-selling, investors borrow shares and sell them in the expectation of repurchasing them later at a lower price.
Saudi post-budget rally stalls near chart barrier; rest of Gulf firm
December 26, 2016--Saudi edged down 0.1 per cent to 7,181 in the first 20 minutes of trading
Tadawul index added 1.5 per cent to 7,191 points on Sunday
Dubai and Abu Dhabi markets rose 0.6 per cent and 0.8 per cent respectively
Franklin Templeton Likes U.A.E., Egypt in Mideast Stocks Outlook
December 20, 2016--Fund is neutral Kuwait; underweight Saudi Arabia, Qatar
In North Africa, Morocco and Tunisia are seen as expensive.
The United Arab Emirates and Egypt are the Middle East stock markets poised to perform best in 2017, said Bassel Khatoun, Franklin Templeton Investments' chief investment officer for Middle East and North Africa equity. Khatoun, who manages $87 million in stocks from the region out of Dubai, gave his calls on key markets in the region next year in a Dec. 19 interview.
IMF Staff Completes 2016 Article IV Mission to Islamic Republic of Iran
December 19, 2016--Higher oil production and exports are allowing economic growth to rebound from recession in 2015/16
Iran is urged to create the conditions for sustained macroeconomic stability and growth
The IMF welcomes Iran's strong commitment to AML/CFT reform that helps facilitate the expansion of correspondent banking relations
