Middle East ETF News for the Past Year
Saudi Arabia leads in stock lending as short selling grows
September 25, 2024--Short selling requires stock lending
Lending fee revenue rising
Saudi companies dominate
Saudi Arabia is the Middle East's most active market for stock lending- an important part of the process of short selling-and demand from borrowers is likely to increase as more sophisticated investors start trading, new research suggests.
ADX logs $506.4mln in ETF trading Jan-Aug 2024
August 30, 2024-The total value of ETF trading on the exchange reached AED1.863 billion in the first eight months of 2024
The Abu Dhabi Securities Exchange (ADX) has recorded significant value and volume of trading in exchange-traded funds (ETFs) since the beginning of this year, making it the most active and liquid ETF market in the Middle East and North Africa (MENA) region.
TCW expands global footprint with opening of Dubai office
August 28, 2024-New location to focus on serving clients in the Middle East
The TCW Group, a leading global asset management firm, today announced that it has continued its global expansion with the opening of a new office in Dubai, UAE.
Saudi GDP growth set to turn positive in H2 2024
August 23, 2024-CreditSights maintains 'Outperform' call on the kingdom's sovereign bonds
Saudi Arabia's economic growth is expected to turn positive in second half of 2024 with GDP set to grow at 1.7% in 2024 and 4.7% in 2025, research firm Credit Sights said.
Saudi targets Indian, Chinese, other Asian investors to boost stock market
August 22, 2024--Tadawul looks to tap into 'sheer size of investment dollars' from Asian investors
The Asian market is now a key target for the Saudi Tadawul Group Holding Co., according to the company's chief strategy officer, Lee Hodgkinson, during an episode of Tiger Money, a Bloomberg podcast.
Capex super cycle: Saudi to invest $1trln in economy by 2030
August 16, 2024-Goldman Sachs report highlights nearly 73% of investment funds will go to non-oil sectors by 2030
Saudi Arabia is poised to invest $1 trillion in a "capex super cycle", with 73% of the capital infusion designated to fuel the kingdom's non-oil economy by 2030, according to Goldman Sachs.
ETFs focusing on Saudi equities debut in China
July 16, 2024--The move comes as the two countries look to deepen their financial ties
Investors in China now have the option to trade in Saudi Arabian equities following the debut of two exchange traded funds in Shanghai and Shenzhen, as the two countries deepen their financial ties.
