ADX welcomes Lunate's first-of-its-kind GCC Shariah-compliant ETF
you are currently viewing::ADX welcomes Lunate's first-of-its-kind GCC Shariah-compliant ETFJune 23, 2026-The ETF tracks the Solactive GCC Shariah Dividend Index, which has an index market capitalization of $1.49 trillion Developed by Abu Dhabi-based global investment manager Lunate, this first-of-its-kind exchange-traded fund tracks high-performing, income-generating, Shariah-compliant1 equities across the Gulf Cooperation Council (GCC). Source: economymiddleeast.com |
May 18, 2026--Singapore is navigating elevated global uncertainty from a position of strength. The country faces upside inflation risks and downside growth risks stemming from a possible escalation of the war in the Middle East.
April 30, 2026-The Abu Dhabi Securities Exchange (ADX) Group has hosted the initial offering period (IOP) for a US-based ETF, followed by the cross-listing of the KraneShares Wahed Alternative Income Index ETF (KWIN).
April 28, 2026- Announcement of its exit on Friday comes as Gulf producers are already struggling to ship exports through the Strait of Hormuz.
The United Arab Emirates has announced its decision to quit OPEC and OPEC+ to focus on "national interests", dealing a heavy blow to the oil-exporting groups at a time when the US-Israel war on Iran has caused a historic energy shock and rattled the global economy.
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April 26, 2026-The war has deepened instability in the Middle East
Most stock markets eked out small gains on Sunday despite hopes for a diplomatic breakthrough in the U.S.-Israeli conflict with Iran fading, with stalled talks underscoring the hardening positions of both Tehran and Washington.