Middle East ETF News Older than One Year
Petrol, diesel prices drop in UAE as crude falls
July 31, 2016--In response to the decline in crude oil prices, the UAE energy ministry has slashed the domestic fuel prices first time five months.
Source: AMEInfo.com
IMF Executive Board Concludes 2016 Article IV Consultation with Saudi Arabia
July 28, 2016--On July 18, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation 1 with Saudi Arabia.
Real GDP growth is expected to slow to 1.2 percent in 2016, but recover to 2 percent in 2017 as the pace of fiscal consolidation eases and to settle around 2.25-2.5 percent over the medium-term. Inflation has risen in recent months to over 4 percent as energy and water prices have been increased, and is expected to ease to 2 percent in 2017.
Bank deposits have declined, but growth of credit to the private sector remains strong.
Source: IMF
DGCX Hits the Highest Daily Volume
July 27, 2016--Trading volumes on the Dubai Gold & Commodities Exchange (DGCX) witnessed a new daily trading record on Tuesday, July 26, leading the Exchange to record its highest ever daily volume of 176,645 contracts valued at USD 3.6 Bn.
Source: Dubai Gold & Commodities Exchange (DGCX)
BlueStar Israel Weekly Market Snapshot-Issue #2
July 27, 2016--BlueStar Israel Weekly Market Snapshot-Issue #2 is now available.
Source: BlueStar Indexes
IMF-United Arab Emirates: 2016 Article IV Consultation
July 27, 2016--Summary: Context. Sustained low oil prices have led to a weakening of fiscal and external positions, tightening of monetary and financial conditions, and somewhat softer economic sentiment.
Substantial fiscal consolidation was achieved in 2015, but it has weighed on non-oil growth and banks' asset quality. Outlook and risks. Non-oil growth is expected to slow further in 2016, before improving over the medium term as oil prices recover and investment picks up in the run-up to the Expo2020. Macro-financial risks have increased, though the UAE's large buffers and safe-haven status have helped to limit negative inward spillovers.
Source: IMF
Dubai's DFM second-quarter profit slumps 60 per cent
July 26, 2016--Income got affected as the trading value of shares declined.
Source: AMEInfo.com
UAE firm but Saudi weighed down by petrochemicals
July 25, 2016--Gulf bourses diverged in early trade on Monday with the two main bourses in the United Arab Emirates recovering from losses on the previous day but Riyadh's stock index dragged lower by petrochemicals.
Source: AMEInfo
Gulf bourses soft as oil's fall outweighs Q2 earnings
July 24, 2016--Gulf stock markets were soft in early trade on Sunday as weaker oil prices at the end of last week outweighed a few positive corporate earnings in Saudi Arabia.
Source: AMEInfo.com
Gulf bourses soft as oil's fall outweighs Q2 earnings
July 24, 2016--Gulf stock markets were soft in early trade on Sunday as weaker oil prices at the end of last week outweighed a few positive corporate earnings in Saudi Arabia.
Source: AMEInfo
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