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Opec basket declines 7% in July
August 14, 2016--Bearish speculative activities weighed on oil prices in July.
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Tel Aviv Stock Exchange Pencils in February for New Indices Launch
August 11, 2016--TASE has announced the launch date of its new indices and the proposed cancellation of December 2016 indices update.
After announcing plans to expand its benchmark indices in January 2016, Tel Aviv Stock Exchange (TASE) announced today that the new indices methodology will be effective from 9th February, 2017.
August 2016 BlueStar Israel Equity Update
August 8, 2016--The BlueStar Israel Equity Update August 2016 is now available.
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Fixed-Income ETFs Begin Trading in Tehran
August 5, 2016--On July 9, 2016, for the first time in Iran, a fixed-income ETF begins trading under "Parand".
Reza Eivazlou, deputy head of the underwriter Sepehr Investment Bank, told SENA that the underwriting process of Sepehr Parand Paydar ETF's will happen on July 19-13.
The ETF managers are set to invest on fixed-income securities, bank deposits and certificates of deposit, according to Eivazlou.
Egypt bourse caps firms raising cash abroad to deepen home market
August 4, 2016--Egypt's stock exchange is changing its rules on global depositary receipts (GDRs) to encourage companies to increase their "free float" of shares at home before looking abroad to raise money.
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Egypt bourse caps firms raising cash abroad to deepen home market
August 4, 2016--Egypt's stock exchange is changing its rules on global depositary receipts (GDRs) to encourage companies to increase their "free float" of shares at home before looking abroad to raise money.
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IMF-United Arab Emirates : Selected Issues
August 3, 2016--PERFORMANCE AND RISKS POSED BY GOVERNMENT RELATED ENTITIES IN THE UAE1
Government-related entities (GREs) continue to be a major source for growth and development for the
UAE, but they also pose significant fiscal and financial risks as GRE's debt remains high, though
declining and actively managed.
Across a sample of 53 companies with government ownership and
publicly available information, panel regression estimates suggest that leverage depends mainly on
firm characteristics but also on macroeconomic variables like government gross debt to GDP and
global financial conditions which makes GREs vulnerable to external shocks in the current uncertain
environment. T
Fed's unchanged policy boosts Gold
August 2, 2016--The Federal Reserve held rates unchanged and refused to move interest rates higher during its July meeting, boosting buying interest in Gold. The precious metal broke out of its holding pattern just after the Fed,s statement on July 28th, rising quickly past $1341/ounce from $1320 as investors rushed back to their safe-haven outlook.
Global backdrop poor but Saudi, UAE PMIs strong
August 2, 2016--A poor global market environment suggests shares in the Gulf may come under pressure on Wednesday but positive corporate survey results from Saudi Arabia and United Arab Emirates may limit the damage.
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