Middle East ETF News Older than One Year
Islamic finance body drafts new standard for centralised sharia boards
January 9, 2017--A global body for Islamic finance has issued a draft standard on centralized sharia boards, aiming to improve corporate governance in the industry and increase the consumer appeal of sharia-compliant financial products.
UAE's first residential 'REIT' launched
February 5, 2017-- The UAE's first Real Estate Investment Trust (REIT) featuring only residential properties has come into being, with a "seed portfolio" of Dh418 million ($113 million).
Source: Zawya.com
Global markets caught in a correlation breakdown
February 2, 2017--Morgan Stanley correlation index hits 14-year low
Regional, cross-asset correlations all down sharply
Trend highlights shift in focus away from central bank policy
Financial asset prices are moving in step less than at any time in more than a decade, as economic and monetary policies diverge and political risks grow around the world.
Source: AMEInfo.com
MIDEAST STOCKS-Gulf markets mostly soft in early trade; banks buoy Qatar
February 2, 2017--The central bank raised interest rates by three per cent on November 3, causing the pound to halve in value.
Egypt's currency peg and a decline in foreign investment and tourism after a 2011 uprising drained the central bank's foreign reserves
Source: Zawya.com
Gulf slips on weak global trend but Dubai's Aramex climbs on Q4 profit leap
January 30, 2017-- Major Gulf stock markets were weak in early trade on Monday in response to soft global equities and crude oil prices, although Dubai courier firm Aramex soared on a fourth-quarter earnings beat.
Source: Zawya.com
Best performing Kuwait stocks extend near 3-week rally
January 29, 2017--The Kuwait index continuing its gaining streak for a third week on Sunday, leading regional gains.
The Kuwait Stock Exchange index. which has been the best performing Gulf gauge, closed 1.33 per cent higher at 6,943.24. Most of the other equity markets in the Gulf closed mixed with nominal gains and losses. view more
Source: Zawya.com
Egypt may sell bonds in Japanese and Chinese currencies: FinMin
January 26, 2017--Egypt may sell bonds in Japanese yen and Chinese yuan after the country successfully raised $4 billion in its first foray into international capital markets since a currency devaluation took place on November 3rd.
Source: Zawya
Dubai bourse sees risk on trades after Dow tops 20,000 level
January 26, 2017--The Dubai index rose on Thursday, recovering from the previous day's 1 per cen fall as upbeat sentiment from US markets made traders prone to risks.
Source: AMEInfo.com
MSCI welcomes Saudi reforms, to review emerging market inclusion
January 26, 2017--International equity index compiler MSCI said it welcomed reforms of the Saudi Arabian stock market and reiterated that it could launch in June a review of whether to include Saudi Arabia in its emerging market index.
Source: AMEInfo.com
Gulf bond boom forecast as oil producers tap markets
January 24, 2017--Arab states form new centre of gravity in debt sector after record year for borrowing.
Source: FT.com
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