Middle East ETF News Older than One Year
Gulf bourses may be firm as company earnings top forecasts
April 14, 2016--Gulf bourses may remain generally firm on Thursday as companies' first-quarter results continue to come in above analysts' forecasts and as the Brent oil price stays above $43 a barrel.
Saudi Arabia's index, last at 6,442 points, faces technical resistance on the March peak of 6,525 points.
Source: AMEinfo.com
Gulf markets upbeat; Dubai's Emaar surges
April 14, 2016--Strong earnings lifted stock markets in Saudi Arabia, Oman in early trade, while Emaar Properties supported Dubai's index after it announced a planned exit from an Indian partnership.
Source: Zawya.com
Gulf markets rise modestly on firm oil prices, global bourses
April 13, 2016-Gulf stock markets rose moderately in early trade on Wednesday, encouraged by an overnight jump in oil prices and strength in Asian bourses after strong Chinese trade data.
Banks led Saudi Arabia up on positive first-quarter earnings. The Saudi index climbed 0.5 per cent as National Commercial Bank, the biggest lender, rose 2.0 per cent.
Source: AMEinfo
Egypt's economy set for a slow 2016
April 13, 2016--A widening current account deficit is expected to add pressure on the country's net international reserves.
Source: Meed
Gulf markets rise modestly on firm oil prices
April 13, 2016--Gulf stock markets rose moderately in early trade on Wednesday, encouraged by an overnight jump in oil prices and strength in Asian bourses after strong Chinese trade data.
Source: Zawya.com
Bank results drive up Saudi shares
April 12, 2016--Positive earnings from banks could drive the Saudi shares up today.
Two Saudi lenders reported earnings beating expectations
Source: AME Info
Bank shares boost Saudi bourse
April 12, 2016--Banking shares helped lift Saudi Arabia's bourse in early trade on Tuesday as two lenders beat analysts' earnings forecasts, amid a positive mood in other Gulf bourses.
Syria: Reconstruction Could Foster Peace
April 12, 2016-Development institutions can take immediate actions inside and outside Syria to help make peace happen today, according to a new World Bank report released today. With the battles still ongoing, the Middle East and North Africa's short-term prospects remain grim as the humanitarian and economic situation in the war-torn countries keeps deteriorating.
The report provides an economic outlook for the Middle East and North Africa (MENA), predicting that regional GDP growth will average 3 percent for 2016.
view the MENA Economic Monitor, Spring 2016: Reconstruction for Peace in Syria
Source: World Bank
Gulf may consolidate as investors eye earnings
April 11, 2016--Stock markets in the Gulf may rise on Monday as oil prices stabilise over $42 a barrel, encouraging investors to focus on long-term fundamentals.
Riyadh's index will continue to be driven by earnings announcements, which have already set the tone for how companies in the kingdom are performing in light of a slowing business cycle.
Source: AMEinfo.com
AMF Releases March 2016 Edition of "Arab Economic Outlook Report"
April 9, 2016--Arab Monetary Fund Releases March Edition of "Arab Economic Outlook Report" Including Forecasts of Macroeconomic Performance for Arab Countries in 2016 and 2017
Arab Economies are Expected to Grow by 2.8 Percent in 2016 and 3.1 Percent in 2017
As part of its continuous efforts to support policy makers in the Arab region, the Arab Monetary Fund (AMF) releases March edition of the "Arab Economic Outlook" report which includes projections for the macroeconomic performance of Arab Countries in 2016 and 2017.
The report has outlined the challenges facing the world economy in the next two years. It is expected that OPEC producers will reach an agreement not to further increase oil production level, which in conjunction with the decline in oil shale production will strengthen oil prices and bring about a relative stability in the oil market. It is projected that the average price of oil will be $40 per barrel in 2016.
Source: Arab Monetary Fund
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