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Saudi stocks: 'Volumes to continue upward movement'
December 3, 2016--Saudi stock market up by 16 percent month-on-month in November.
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Poll: Mideast funds more bullish on equities but cautious on Saudi, Egypt
November 30, 2016--Most bullish balance towards stocks since January
UAE top pick, managers cite valuations.
Qatar positive as funds hunt for high dividend yields
Opec agrees to cut production Saudi close to technical breakout; UAE firms in speculative trade Islamic finance body approves sharia standard for gold-based products Mirae Assets Global Investments launches maiden Islamic fund Abu Dhabi recovers, Saudi petrochemicals buoyed by oil bounce Egyptian pound weakens as dollar demand surges, interest rates steady IEA: No OPEC cut means another oil surplus in 2017 OPEC to meet at end November to discuss production cut Dubai and Qatar bounce in line with global shares, Saudi robust
November 30, 2016--Saudi Arabia will reduce oil output by 486,000 barrels a-day.
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November 29, 2016--Saudi index climbed 0.7 per cent in first 30 minutes to 6,950 points
Banking and petrochemical sectors moved little
Dubai's index rose 1.0 per cent Saudi Arabia's stock market neared a bullish technical breakout in early trade on Tuesday while speculative activity in small caps boosted United Arab Emirates markets...
November 28, 2016--Traditionally, gold has been treated as a currency in Islamic finance
New standard addresses collateral, set off, screening and and gold exchange in transactions
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) said on Monday it had approved a sharia standard for gold-based products, a move aimed at expanding the use of bullion in Islamic finance.
November 23, 2016-Hong Kong-based launched its first sharia-compliant Asian equities fund
Islamic funds industry is now attracting regional firms seeking to penetrate markets from Saudi Arabia to Indonesia.
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November 21, 2016-In Abu Dhabi market, banking stocks sold off in previous session recovered
Banks see drop after denying rumours about mergers.
Majority of listed petroch shares rose as Brent futures climbed Abu Dhabi's stock market index rebounded in early trade on Monday as some of banking stocks which were sold off in the...
November 20, 2016--Egyptian pound weakened as banks scrambled to meet surge in demand for dollars
Pound had also weakened on the parallel market where prices were roughly in line with banks
Egypt floated the pound on November 3 and raised interest rates by 300 basis points
November 10, 2016--IEA raises concerns about the increased output by OPEC members and other oil-producing countries.
Concern rising in OPEC as producers are increasing supply and demand isn’t growing
November 10, 2016--World markets initially fell after Trump's win
Dubai's stock market index rose 1.1 per cent early
Qatar index rose 0.6 per cent with gainers outnumbering losers 12 to three.