Middle East ETF News Older than One Year
Petrochemical stocks lift Saudi market, rest of Gulf sluggish
April 27, 2016--Saudi Basic Industries was up 1.8 percent as Brent oil rose to a five-month peak of $46.49 a barrel overnight.
The main Saudi stock index added 0.7 percent.
Source: AMEInfo
Saudi pulls back in early trade, Dubai's Emaar Malls surges
April 26, 2016--Shares in Saudi Arabia pulled back early on Tuesday as short-term investors booked profits in stocks which had jumped when Deputy Crown Prince Mohammed bin Salman announced economic reforms on Monday.
Source: Zawya.com
Revealed: "Saudi Vision 2030"
April 25, 2016--Mohammed bin Salman, Deputy Crown Prince of Saudi Arabia, revealed on Monday the country's plans to diversify its economy by reducing its reliance on oil revenue.
The Arab country's cabinet approved "Saudi Vision 2030",a roadmap for the kingdom's post-oil journey.
Source: AME Info
Qatar First Bank lists shares on bourse
April 24, 2016--A businessman looks at an electronic share price display at the Doha Stock Exchange in Doha
Qatar First Bank (QFB) will list all its shares on the Qatar stock exchange on April 27, the bourse said in a statement issued on its website.
In the first listing of a private sector entity on the Qatar stock exchange since 2010, the Shari'ah-compliant bank will be listed under the banking and financial...
Source: AMEInfo
Gulf's cyclical stocks may be weak
April 24, 2016--Stock markets in the Gulf may trade narrowly on Sunday as investors take comfort in firmer oil pries.
Source: Zawya.com
Saudi cyclical earnings miss estimates
April 21, 2016--Major cyclical stocks reported earnings that fell short of expectations.
Petrochemical companies have so far posted better than expected results...
Source: AMEInfo
Abu Dhabi picks banks for benchmark dollar bond-leads
April 18, 2016--The Emirate of Abu Dhabi has mandated banks to arrange a benchmark-sized U.S. dollar bond issue, according to a document from lead managers, marking the sovereign's return to the international bond market after an absence of seven years.
Abu Dhabi has hired Bank of America-Merrill Lynch, Citigroup and JP Morgan to organise investor meetings...
Source: AMEinfo
Egypt's economy to grow just 3.5 per cent in 2016/17-poll
April 18, 2016--Egypt's economy will grow by just 3.5 percent over the 2016/17 fiscal year, widely missing the government's target of 5.2 percent and dipping below last year's growth rate, a Reuters poll found.
The economy grew by about 4.2 percent during the 2014/15 fiscal year, the government has said.
Source: AMEinfo
A breakdown: Why the Doha oil meeting collapsed
April 18, 2016--The world placed high hopes on Sunday's Doha oil meeting, but parties reached no solid agreement.
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday, leading to a steep drop in oil prices towards $40 on Monday.
Source: AMEinfo
Doha oil meeting: what's the point?
April 14, 2016--All eyes are trained on Doha, where some 15 major crude exporters are slated to meet on Sunday in a move to stabilize the volatile oil market.
Source: AMEinfo
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