Middle East ETF News Older than One Year
Cairo bourse ends lower following Eid al-Adha holidays
September 15, 2016--Mid- and small-cap index EGX70 rose 0.29% to 358.3 points.
Source: Zawya.com
UAE set to fall as its markets reopen after Eid
September 15, 2016--United Arab Emirates stock markets look set to fall in thin trade on Thursday as they reopen after long Eid al-Adha holidays.
Many investors may remain absent on the last day of the working week, and for those who return, the global environment is not positive.
Source: AMEInfo.com
IMF-The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa
September 15, 2016--Summary: In recent decades, the Middle East and North Africa region (MENA) has experienced more frequent and severe conflicts than in any other region of the world, exacting a devastating human toll. The region now faces unprecedented challenges, including the emergence of violent non-state actors, significant destruction, and a refugee crisis bigger than any since World War II.
This paper raises awareness of the economic costs of conflicts on the countries directly involved and on their neighbors. It argues that appropriate macroeconomic policies can help mitigate the impact of conflicts in the short term, and that fostering higher and more inclusive growth can help address some of the root causes of conflicts over the long term. The paper also highlights the crucial role of external partners, including the IMF, in helping MENA countries tackle these challenges.
Source: IMF
Saudi Economic growth to remain subdued in 2017-18
September 14, 2016--Saudi economy expected to contract by 0.3 per cent in 2016.
Source: Meed
Gulf-listed firms' earnings fall 8% in first 6 months
September 13, 2016--The earnings of Gulf-listed firms dropped eight percent in the first half of 2016 due to low oil prices and a lack of liquidity, a report said Sunday.
Net profits of over 650 firms on the region's bourses reached $32.8 billion in the six months against $35.6 billion for the same period of 2015, said Kuwait Financial Centre Markaz. view more
Source: Zawya.com
Gulf mixed in early trade, Saudi's Emaar climbs
September 7, 2016--Stock markets in the Gulf were mixed in quiet early trade on Wednesday as some investors stayed away from the bourses ahead of market closures next week for Eid al-Adha holidays.
Riyadh's main index was down 0.2 percent in the first hour.
Source: AMEInfo.com
BlueStar Israel Equity Update August/September 2016
September 7, 2016--ISRAELI ECONOMIES FIRING IN ALL CYLINDERS
Israeli Global Equities, as measured by BIGI(R), rose 1.25% in August after rising more than 5% in July.
Israeli Global Technology Equities, as measured by our TA-BIGITech(R) benchmark, outperformed the broader Israeli equity market for the third consecutive month, rising 1.65%. BlueStar's Israel equity indexes outperformed other leading Israeli equity benchmarks and other developed markets in August.
Source: BlueStar
Islamic finance growth contraction in GCC to continue
September 6, 2016--Economic policy reforms in the Gulf Cooperation Council (GCC) region at the outset of falling oil prices will not offer much help to the Islamic finance industry in the short term, according to a new report.
Source: AMEInfo.com
Gulf may rise on Saudi-Russia oil deal but upside limited
September 6, 2016--Gulf stock markets may rise on Tuesday after Saudi Arabia and Russia said they would cooperate to support oil prices, but any gains look likely to be minor because of scepticism about the deal.
Brent crude futures jumped almost 5 percent late on Monday afternoon before a news conference at which the two countries announced...
Source: AMEINnfo.com
Gulf may have firm tone, supported by global markets
September 4, 2016--Stock markets in the Gulf may have a firm tone on Sunday after oil prices and global markets rose on Friday, though there are few positive factors within the region to push up shares.
Source: AMEInfo.com
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