DMS-Frontier Markets: Lebanon's Hopeful Future
August 22, 2016--Preview:
All we ever get to read about Lebanon has to do with death and destruction. First it was the civil war that ended in 1990 and devastated the country, and now even though peace is within its borders. the country has to contend with the conflict in Syria.
The byproduct of that war has been a massive influx of refugees which has placed a great strain on Lebanon's economy. GDP growth, as can be expected, has plunged from 10% in 2008 to about 1% year over year in 2015. I imagine it will keep its downward trajectory as long as the Syrian war continues.
Source: Peter Kohli, CEO, DMS Funds
Gulf may be soft after oil, global bourses pull back
August 22, 2016--Saudi Arabia's index, last at 6,212 points, is close to confirming a break of technical support on its early August low of 6,226 points.
Source: AMEInfo
Abu Dhabi Securities Exchange sees $1.90 bln investments in H1
August 22, 2016--The market value of the companies' shares that are traded reached $122 billion by the end of July 2016.
Source: Zawya.com
Egypt's outlook remains stable
August 21, 2016--US ratings agency Moody's has affirmed a B3 rating with a stable outlook for the country.
Source: Meed
Gulf set to consolidate, supported by oil
August 21, 2016--Brent crude oil closed above $50 a barrel on Thursday and Friday for the first time since July 4
Source: AMEInfo.com
Gulf may edge up on oil but major gains look unlikely
August 18, 2016--There is little fresh news locally to trigger buying of stocks, and Dubai's main index, last at 3,557 points, faces technical resistance on its April peak of 3,605 points.
Source: AMEInfo.com
Gulf may consolidate on U.S. rate concern
August 17, 2016--Brent crude oil futures rose to a fresh multi-week high above $49 a barrel overnight.
Source: AMEInfo.com
Qatar leads Gulf up, Dubai testing chart barrier
August 16, 2016--The Qatari stock index climbed 2.1 percent as QNB, the country's biggest bank, jumped 4.4 percent to 165.00 riyals.
Source: AMEInfo.com
Banks lead Qatar-listed firms' profits in H1
August 16, 2016--Companies listed on the Qatar Stock Exchange have made a total net profit of QAR22bln in the first six months of this year.
Source: Zawya.com
Firm oil lifts gulf, Qatar eases off nine-month high
August 15, 2016--Firmer oil prices helped lift most stock markets in the Gulf early on Monday but Qatar's index pulled away from a nine-month high as investors took profits.
Source: AMEInfo.com