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DFM welcomes the listing of Afkar Capital's Exchange-Traded Fund (ETF)
June 29, 2016--Dubai Financial Market (DFM) today welcomed the listing of Afkar Capital's Exchange Traded Fund (ETF), (Afkar S&P UAE UCITS ETF) under the trading symbol "UAETF".
The fund has been designed to replicate the S&P UAE BMI Liquid 20/35 Capped Index, which includes the largest stocks by capitalization in the United Arab Emirates.
Gulf mixed in quiet trade as global markets stabilise
June 28, 2016--Stock markets in the Gulf were mixed in quiet trade early on Tuesday as global markets stabilised following the shock of Britain's vote to leave the European Union.
With oil prices rebounding, investors feel Brexit may have little impact on Gulf economies, although weakness in the pound and euro could affect Dubai's real estate
Afkar Capital launches first ETF under new UAE regulations
The fund will be listed on the DFM on Wednesday
June 27, 2016-Afkar Capital Limited, the Abu Dhabi-based asset management firm has launched the Afkar S&P UAE UCITS ETF, the first liquid, fully tradeable and transparent exchange-traded fund listed under the UAE's new regulations.
The exchange traded fund (ETF) will list on the Dubai Financial Market (DFM) on Wednesday June 29, under the symbol 'UAETF' and has been designed to replicate the S&P UAE BMI Liquid 20/35 Capped Index.
Gulf stocks fall sharply in early trade, blue chips outperform
June 26, 2016--Gulf stock markets fell sharply in early trade on Sunday in response to the global market turmoil caused by Britain's decision to leave the European Union.
Dubai's index was down 4.6 per cent after 10 minutes to 3,211 points, near technical support on the May low of 3,197 points.
Saudi Arabia gears up for debut bond issue
June 26, 2016--Kingdom appoints banks to arrange up to $15bn of debt after fall in oil price.
Saudi Arabia has mandated three international banks to arrange its debut international bond as the kingdom presses ahead with fundraising.
Britain leaves EU: How is GCC affected?
June 24, 2016--The United Kingdom has decided to leave the European Union (EU), after a nation-wide referendum held on Thursday voted in favour of an exit, which has come to be known as "Brexit".
Nearly 52 per cent of voters chose to leave, guaranteeing a win for Brexit.
Firmer oil prices support Gulf bourses in early trade
June 22, 2016--Firmer oil prices supported stock markets in the Gulf in early trade on Wednesday but trading volumes were thin as most investors stayed on the sidelines before Britain's in-or-out European Union referendum on Thursday.
Saudi Arabia's benchmark added 0.5 percent in the first 20 minutes as Brent crude held over $50 a barrel.
Egypt: U.S Investments in Egypt Fell By 85.9 Pct. in 2015-Capmas
June 22, 2016--U.S. investments in Egypt have retreated during the past year by 85.9 per cent compared to investments made in 2014, the state's official statistics agency said on Wednesday.
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More Bank Competition Good for Economic Growth in the Gulf
June 21, 2016--STORY HIGHLIGHTS
Only 11% of SMEs in the Gulf have access to bank credit; 40% of them list access to bank finance as a major constraint.
The credit gap between what SMEs in the Gulf need and what they have is estimated at about $250 billion.
Bank competition is an important aspect of financial sector development and non-oil economic growth in the GCC economies.
view the Bank competition, financial dependence, and economic growth in the Gulf Cooperation Council
Gulf stock markets mostly firm, NBAD continues climb
Monday 20, 2016--Most Gulf stock markets were firm in early trade on Monday while National Bank of Abu Dhabi (NBAD) continued to surge in response to its merger talks with First Gulf Bank.
Shares in NBAD climbed 7.6 percent after surging their 15 per cent daily limit on Sunday, while FGB was down 2.7 per cent
