Qatar rises on passive fund flows, other Gulf bourses weak
September 20, 2016--Qatar's equity index climbed in early trade on Tuesday as passive funds flowed into shares now included in FTSE's secondary emerging market index, while other Gulf benchmarks pulled back.
Doha's index rose 1.5 percent, recouping some of the 4.0 percent losses from the previous session.
Source: AMEInfo.com
Returning after holidays, regional markets face up to global triggers
September 18, 2016--The regional markets experienced a quiet week due to the EID holidays.
With Egypt, UAE and Bahrain being the only markets opened last week, Egypt was down 2.6 per cent with investors still waiting for any news regarding the IMF Loan and the devaluation of the EGP.
Source: AMEInfo.com
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