Middle East ETF News Older than One Year
IMF-Kuwait: Selected Issues Paper
DESIGNING AND IMPLEMENTING FISCAL POLICY FOR THE MEDIUM TERM1
December 9, 2014--Kuwait's highly volatile fiscal revenues and a non-diversified economy imply that fiscal policy has two important goals: (i) to smooth spending and build precautionary and intergenerational savings; and
(ii) to facilitate economic diversification.
Going forward, successfully formulating and implementing medium-term fiscal policy require parallel efforts to strengthen the annual budget process and macroeconomic forecasting through fiscal strategy, including medium-term fiscal and expenditure frameworks, and to build and enhance capacity at the Ministry of Finance through the macro-fiscal unit.
Source: IMF
DP World steadfast amid the stock market slump
December 9, 2014--The FTSE NASDAQ Dubai UAE 20 Index dived 3.04 per cent to reach 3,862.10 points on Tuesday, December 9.
At the NASDAQ Dubai, global port operator DP World slipped 0.52 per cent to $21.19. The share has been outperforming GCC markets in recent days, as blue chips plummeted across the board. Depa Limited fell by 1.50.
Source: AME Info
Oil price slump drags Kuwait market down
December 9, 2014--The KSE Market Index fell by 1.90 per cent to 6,534.82 points.
Oil generates 95 per cent of Kuwait's public budget. The black gold fell below $64 dollars per barrel on Tuesday. Wethaq Takaful Insurance Company closed 8.62 per cent higher at KD0.063.
Source: AME Info
Dubai market index falls to 10-month low
December 9, 2014--For the second consecutive session, the Dubai financial market index DFMGI lost more than three per cent, ending off 3.52 per cent to 3,888.79 points on Tuesday,
December 9, as oil prices hit fresh new lows at $63.50 per barrel (US crude).
Source: AME Info
DFM gloom continues as Crude reality kicks in
December 9, 2014--Heading towards its longest losing streak since 2012, the DFM is showing few signs of promise.
Source: AME Info
GCC exchange traded fund under discussion with S & P Dow Jones Indices
December 8, 2014--"We are discussing in terms of how to create it, what to create on and how it will add value to investors," S & P Dow Jones Indices MENA head said.
Fund managers and banks are in talks with S & P Dow Jones Indices, a global index provider, to launch an exchange traded fund, which will invest in companies in the GCC, Charbel S. Azzi, Head of Middle East, Africa & CIS, at S & P Dow Jones Indices told Gulf News.
Source: gulfnews.com
Tadawul market makes detour ahead of 9,000 resistance level
December 8, 2014--The Saudi Arabian stock market index TASI lost 1.74 per cent finishing at 8,785.73 points on Monday, December 8.
SABIC plummeted three per cent to SAR90.
Source: AME Info
DP World shares bank on oil price decline
December 8, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 2.40 per cent lower at at 3983.310 today, down -97.810, or -2.40%, from the previous close.
Dubai Ports (DP) World surged 2.20 per cent to hit $21.30. DP World is the third biggest container port operator in relation to assets.
Source: AME Info
Qatar market decline halted
December 8, 2014--Session examined banking relationships
Against the sluggish regional and global trend at stock exchanges, the Qatari bourse QE closed flat at 12,644.87 points on Monday, December 8.
The Commercial Bank of Qatar (CBQ) fell by 1.57 per cent to QAR68.90.
Source: AME Info
Abu Dhabi bourse does one step ahead, and two steps back
December 8, 2014--After the gage rebounded slightly yesterday, the ADX General Index closed 0.72 per cent lower at 4,680.63 points on Monday, December 8.
Abu Dhabi National Energy Company or Taqa jumped 5.70 per cent to hit AED0.93. Dana Gas remained below AED0.60 (off 1.70 per cent).
Source: AME Info
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