Middle East ETF News Older than One Year
Saudi Arabia's Bahri progresses with Vela merger
August 14, 2014--Saudi Arabia's stock index TASI fell by 0.05 per cent to 10,588.26 points on Thursday, Aug. 14.
The Mediterranean and Gulf Insurance and Reinsurance Co. surged nine per cent to hit SAR47, closing the week as a top gainer.
Source: AME Info
Lack of catalysts, neutral market breadth in Riyadh
August 12, 2014--The Saudi Stock Exchange saw its Tadawul All-Share Index falling by 0.07 per cent to close at 10,588.89 points on Tuesday,Aug. 12.
The advance-decline ratio ended in absolute neutral territory as 73 shares gained while 73 stocks lost value.
Source: AME Info
NASDAQ Dubai lures Gulf Finance House for sukuk issuance
August 12, 2014--The FTSE NASDAQ Dubai UAE 20 Index added 0.10 per cent to reach 4,374.15 points on Tuesday,August 12.
The shares of DP World closed flat at $20. Emirates REIT lost 1.40 per cent to end at $1.44.
Source: AME Info
Doha-listed shares gain across the board
August 12, 2014--The Qatar Exchange 20 Index ended up by 1.10 per cent to 13,279.27 points,despite a lack of catalysts,such as earnings results.
Qatar Oman Insurance gained the most,closing 10 per cent higher at QAR17.49. Islamic Insurance edged up by 4.20 per cent to reach QAR89.60.
Source: AME Info
Methanols Chemicals digests fire incident from June
August 11, 2014--The Saudi Arabian Tadawul All-Share Index in Riyadh closed 0.16 per cent higher at 10,596.55 points on Monday, Aug. 10.
Methanols Chemicals Company lost insignificantly, ending at SAR16.90.
Source: AME Info
RAK Ceramics results fail to convince Abu Dhabi bourse
August 11, 2014--The Abu Dhabi exchange index ADXGI added 1.10 per cent to hit 4,997.59 points on Monday, August 11.
Abu Dhabi Fish Farm Holding gained the most, finishing 9.40 per cent higher at AED7.35. RAK Ceramics lost 2.70 per cent to reach AED3.25.
Source: AME Info
Real estate rises at Dubai market
August 11, 2014--The Dubai Financial Market General Index closes 1.70 per cent to hit 4,819.86 points on Monday, August 11, obviously due to more US air force strikes on radical ISIL forces on Iraq, which threaten to overthrow the governments in Baghdad and Erbil.
Positive sentiment from Asia and Europe added to the rebound mood.
Source: FIN24
Lackluster trading at NASDAQ Dubai
August 11. 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 1.60 per cent higher at 4,370.74 points on Monday, August 11.
DP World added insignificant value to reach $20. DEPA closed flat at $0.674.
Source: AME Info
Qatar market trails global rebound trend
August 11, 2014--The Doha-based QE 20 Index advanced by 0.50 per cent to reach 13,137.43 points on Monday, August 11.
Qatar National Bank gained 1.29 per cent to hit QAR180.40. Industries Qatar added QAR171.50, finishing at QAR171.50. Earlier in the day, the most valuable Qatari firm revealed that, in Q2 2014, net profit reached QAR1.2 billion, ...
Source: AME Info
Poor policies Restrain Growth in Seven Middle East & North Africa Countries
August 7, 2014--Egypt, Tunisia, Iran, Lebanon, Jordan, Yemen and Libya are trapped in a "poor policy-poor growth" cycle, which prevents their economies from moving to a sustainable growth path, says the World Bank in the newly released Quarterly Economic Brief for the Middle East & North Africa region.
The report, titled "Predictions, Perceptions and Economic Reality - Challenges of Seven Middle East and North Africa Countries Described in 14 Charts," finds that the situation has gotten worse after the 2011 uprisings. Despite recent signs of economic improvement in Egypt and Tunisia, growth continues to be weak and cannot generate enough jobs. Fiscal deficits are still high and public debts are growing at a faster pace than before, leaving little space for growth-promoting investment. Private sector activity is sluggish, and the few jobs that are created in the public sector are filled through connections, leaving young people frustrated. Many workers move to the informal sector, creating a large, vulnerable group exposed to external shocks."
Source: World Bank
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