Middle East ETF News Older than One Year
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
Source: IMF
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.
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Source: AMEInfo.com
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.
Source: AMEInfo.com
Oil continues to cast shadow on GCC IPO market
August 2, 2016--Stock markets in the Gulf Cooperation Council ("GCC") countries have remained lacklustre during the second quarter as declining oil prices and global economic volatility weighed on the initial public offering (IPO) issuances in the region.
Source: AMEInfo.com
Falling oil, Asian stocks may weigh on Gulf stock markets
August 2, 2016--Gulf stock markets may have a soft tone on Tuesday as oil prices and Asian bourses sag, though Abu Dhabi may outperform after strong earnings from its top real estate firm.
Emaar Q2 results support Dubai, Saudi edges higher
August 1, 2016--Dubai's stock market rose in early trade on Monday, supported by positive earnings from its largest listed stock, while Saudi Arabia's index edged up as investors bought shares on recent price dips.
Emaar Q2 results support Dubai, Saudi edges higher
August 1, 2016--Dubai's stock market rose in early trade on Monday, supported by positive earnings from its largest listed stock, while Saudi Arabia's index edged up as investors bought shares on recent price dips.
Source: AMEInfo.com
Saudi market regulator to reduce foreign investment restrictions
August 1, 2016--Capital Market Authority (CMA) Chairman has indicated the possibility of introducing measures and controls to reduce restrictions on foreign investments in the stock market.
Source: Zawya.com
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
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