Middle East ETF News Older than One Year
Four Exchange-traded funds will be launched on the Qatari bourse
January 29, 2015--Four Exchange-traded funds (ETFs) will be launched on the Qatari bourse from next month.
Four entities have been initially licensed by bourse regulators to launch the ETFs. These include QNB, Al Rayan Bank, Amwal, Al Arab reported yesterday quoting the CEO, Rashid Al Mansoori.
Source: The Pennisula
NASDAQ Dubai heavyweights post losses
January 28, 2015--The FTSE NASDAQ Dubai UAE 20 Index ended 0.36 per cent higher at 3,701.76 on Wednesday, January 28.
For the first time in two-and-a-half months, Dubai Ports (DP) World fell below $20, closing 1.30 per cent at $19.80.
Source: AME Info
Abu Dhabi developers continue to underperform
January 28, 2015--The ADX general index declined by 0.31 per cent to 4,516.121 points on Wednesday, January 28.
Aldar Properties lost 0.41 per cent to reach AED2.45.
Source: AME Info
Oil rebound fuels Dubai market
January 28, 2015--The Dubai financial market (DFM) general index closed 0.43 per cent higher at 3,736.30 points on
Wednesday, January 28.
Source: AME Info
Qatar Insurance soars as FY net income hits QAR1bn
January 28, 2015--The shares of Qatar Insurance posted the second-highest day gain on Wednesday in Doha, closing 4.28 per cent higher at QAR87.70.
Earlier on Tuesday, the firm said its net profit in 2014 amounted to QAR1bn ($270m), up from QAR753m ($206.80m) in 2013.
Source: AME Info
Egypt growth to be 'easily north of 4%'
January 23, 2015--Egypt can expect economic growth "easily north of 4%" in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices, its finance minister said on Friday.
Hani Dimian also told Reuters in an interview at the World Economic Forum in Davos that the budget deficit for this year would fall to between 10 and 10.5% of gross domestic product, down from 12.5 to 12.6% in 2013-14.
Source: FIN24
Saudi market gains following ECB announcement
January 22, 2015--The Tadawul All-Share Index advanced by 0.33 per cent to close at 8,421.72 points on Thursday, January 22.
A sluggish opening was followed by a last-minute "home run" after the European Central Bank said during the day it would inject up to 1.1 trillion Euros into the union comprising 19 member states and their heterogeneous...
Source: AME Info
Ooredoo slips as Moody's cuts outlook to 'negative'
January 22, 2015--The Qatar Exchange 20 index dived 1.27 per cent to 11,698.86 points on Thursday, January 22.
The gauge fell for the fourth session straight and lost 1.40 per cent over the week.
Source: AME Info
UAE bank shares finish week on a solid note
January 22, 2015-The Dubai financial market (DFM) general index halted a three-day losing streak by closing 0.86 per cent higher at 3,882.93 points on Thursday, January 22.
Its sister market ADX in Abu Dhabi, on the other hand, slipped 0.36 per cent to 4,526.92 points.
Source: AME Info
Kuwait market closed unchanged
January 22, 2015--Sluggish oil prices continued to weigh on the KSE Market Index, which added insignificantly on Thursday, January 22, to reach 6,662.81 points.
Oil (Brent) remained below $50 a barrel at a five-year low despite some upwards momentum.
Source: AME Info
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