Middle East ETF News Older than One Year
Saudi to launch $30-50 billion renewable energy programme soon
January 16, 2017--Saudi Arabia will launch in coming weeks a renewable energy programme that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said on Monday.
Falih, speaking at an energy industry event in Abu Dhabi, said Riyadh would in the next few weeks start the first round of bidding for projects under the programme, which would produce 10 gigawatts of power.
Source: AMEInfo.com
Egypt to produce 2.4 mln tonnes of local sugar this year
January 16, 2017--Egypt plans to produce about 2.4 million tonnes of sugar in the coming season
Merchants were hoarding sugar stocks in reaction to to rising prices amid a shortage of foreign currency
Egypt consumes about 3 million tonnes of sugar per year
Egypt expects to produce about 2.4 million tonnes of sugar in the coming season, which is set to begin next month, state news MENA reported on Sunday.
Source: AMEInfo.com
The TASE Analysis Project Expands To Include 20 Companies: Ten additional Biomed And Technology Companies To Be Analyzed By Frost & Sullivan, The Global Consulting & Market Research Firm
January 15, 2017--The Tel Aviv Stock Exchange (TASE) announces that the changes regarding the shortening of trading halts will come into effect on 16 January 2017.
The TASE Board of Directors resolution shortens the duration of trading halts by 15 minutes, from 45 Minutes to 30 Minutes. A trading halt occurs when material information is released about a trading company, its controlling shareholders or its securities.
Source: TASE
Resources top performers on JSE this week
January 13, 2017--Share prices on the JSE have been heading upwards again after the customary profit-taking earlier in the day, with resources the best performing shares over the past week.
Source: Zawya.com
Saudi oil output drops under Opec quota close to 2 year low
January 12, 2017--Saudi Arabia has reduced oil production to less than 10 million barrels a day, below its targeted level, and will consider renewing its pledge to cut crude output in six months.
Source: FIN24
Turkish lira rebounds, Emerging stocks at 2-mth highs
January 12, 2017--The Turkish lira rebounded on Thursday as dollar weakness helped it move off record lows while emerging stocks rose to two-month highs, led by strong gains in Russia and some Asian bourses.
Source: Zawya.com
MIDEAST STOCKS-Saudi recovers on oil rebound, outperforms Gulf
January 12, 2017--Blue chips helped carry Saudi Arabia's stock index higher in early trade on Thursday after oil prices recovered overnight, but profit taking in large capital stocks weighed on other Gulf markets.
Source: Zawya.com
Markets cheer Saudi deficit-cutting but finances still hostage to oil
January 12, 2017--Riyadh reports major progress in eliminating deficit
But figure excludes spending to clear past debts
Much of rise in 2016 non-oil revenues not due to reforms
2017 oil price assumption may be too optimistic
Oil revenues to remain key in 2020 despite reforms
Source: AMEInfo.com
Saudi declines on oil, Dubai stalls near 15-month high
January 11, 2017--Saudi petrochemicals, banks retreat
Yansab flat after strong Q4 net profit
Dubai down but stays near 15-month high
UAE insurance shares volatile
Egypt at fresh record high as foreign funds buy
Source: Zawya.com
Saudi bourse aims to extend trading settlement time before MSCI's June review
January 11, 2017--The Saudi Stock Exchange aims to extend settlement of trades to within two working days of execution before June, when international index compiler MSCI will decide whether to review Saudi Arabia for inclusion in its emerging market index
Source: AMEInfo.com
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