Middle East ETF News Older than One Year
Egypt's pound strengthens at banks as demand from importers eases
January 8, 2017--The Egyptian pound strengthened slightly at banks as demand for dollars by importers eased, bankers told Reuters on Sunday.
The dollar was being bought for around 18 pounds at most banks, down from around 19 last week. Banks were paying clients around 17.8 per dollar.
Source: AMEInfo.com
New Industry Classification commences on Tadawul
January 8, 2017--The Saudi Stock Exchange (Tadawul) has announced the reclassification of its equity market sectors in accordance with Global Industry Classification Standard (GICS).
The new industry classification is effective from today (8 January), the bourse has announced.
Source: cpifinancial.net
UAE, Qatar may stay firm, Saudi stagnates on oil
January 4, 2017--In Dubai, Amlak Finance may attract interest
MSCI's broadest index of Asia-Pacific shares outside Japan is up 0.1 per cent
Middle East fund managers bullish on regional equities in general: survey
Stock markets in the United Arab Emirates and Qatar may stay firm on Wednesday after healthy gains on the previous day, but Saudi Arabia stalled on Tuesday and lower oil prices may cause that pattern to continue there.
Source: AMEInfo.com
GCC equity markets recovery seen swifter in 2017
January 3, 2017--Corporate earnings to remain main support.
Source: Zawya.com
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
Source: AMEInfo.com
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
IMF-Qatar: Staff Concluding Statement of the 2016 Article IV Mission
January 3, 2017--Context and Outlook
1. Qatar is effectively adjusting to the new reality of sustained lower energy prices. The drop in international oil and gas prices has put considerable pressure on the fiscal and external positions.
However, the authorities' policy response has been adequate, underpinned by cuts to current expenditures and renewed efforts towards increasing non-oil revenues. Tariffs of some utilities (water and electricity) have been increased from October 2015 and the increase in gasoline prices in January 2016 was followed in May by the implementation of a regular price adjustment mechanism.
Source: IMF
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.
Source: AMEInfo.com
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.
Source: AMEInfo.com
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.
Source: AMEInfo.com
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