Middle East ETF News Older than One Year
Bank shares stabilize lackluster Abu Dhabi market
July 7, 2014-The Abu Dhabi market index ADXGI advanced by a tiny 0.05 per cent to reach 4,851.85 points on Monday, July 7.
Aldar Properties, the first developer in the UAE capital, fell by 3.20 per cent to AED3.63. Aldar said in a filing to the ADX, the board of directors will meet on July 10 to...
Source: AME Info
DSI's German subsidiary snatches deal-in India
July 7, 2014--At the Dubai stock exchange DFM, the market index DFMGI fell by 0.85 per cent higher to 4,554.58 points on Monday, July 7, amid slightly bearish market breadth.
Real estate and property maintenance firm Drake and Scull International, known as DSI, plummeted 3.14 per cent to AED1.54.
Source: AME Info
DP World shares knock at $20
July 7, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 0.41 per cent higher at 4,231.05 points on Monday, July 7.
Dubai Ports World, the third largest container port operator, jumped 5% to hit $19.75. Emirates REIT advanced 0.72 per cent to close at $1.4.
Source: AME Info
Egypt: Bourse Indexes Up at End of Week's Trading
July 4, 2014--The Egyptian Exchange indexes continued an upward trend this
week backed by share purchases by local institutions and funds.
Source: AllAfricanews.com
IMF-United Arab Emirates: Selected Issues
July 3, 2014--Summary: The strong recovery in the real estate market in Dubai requires close monitoring and further measures to discourage speculative demand. The residential and hospitality segments have seen buoyant growth (although the momentum seems to have slowed in recent months), while growth in the commercial segments (excluding hospitality) has been slower.
Dubai’s economy is now more resilient to exogenous shocks; however, speculation in the residential segment of the Dubai's real estate market may still return at a significant scale.
A number of measures that are expected to help reduce flipping activity have already been introduced. More measures from the macroprudential and fiscal toolkit for containing real estate booms may be needed, particularly if signs of flipping activity emerge strongly. Hosting a global-scale event may offer direct and indirect economic benefits, but it can also present risks. With its well-established status as a hub of regional tourism and well- developed infrastructure, the economy of Dubai (and of the United Arab Emirates) economy can benefit substantially from hosting the Expo 2020. Careful macroeconomic management and appropriate strategic planning measures will be essential to minimize cost overruns, avoid overheating, and limit real estate risks. These measures include preparing a sound feasibility study linked to the post-event period, developing realistic demand projections, financing the Expo and other project-related spending in a fiscally sustainable manner, and continuing to strengthen Dubai's public finances to increase buffers for possible cost overruns and losses.
view the IMF-United Arab Emirates: Selected Issues report
Source: IMF
Saudi Investment Bank starts earnings season with slight profit gain
July 3, 2014--The Tadawul All-Share Index advanced by 0.10 per cent to hit 9,687.94 points on Thursday, July 3.
The shares of The Saudi Investment Bank edged up by 0.77 per cent to close at SAR26.20.
Source: AME Info
Fickle bank shares drag Bahrain bourse down
July 3, 2014--A lackluster Bahrain All-Share Index closed 0.24 per cent lower at 1,427.15 points on Thursday, July 3.
NASS Corporation, a firm specialised on contracting and engineering, gained 1.16 per cent to hit BHD0.175.
Source: AME Info
NASDAQ Dubai lackluster
July 3, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 0.49 per cent lower at 4,105.98 points on Thursday, July 3.
DP World slipped 0.77 per cent to $19.60. Earlier in the week, DP World chairman, Ahmed Bin Sulayem, met the president of the Maldives, Abdulla Yameen Abdul Gayoom, in Malé. Emirates REIT closed flat $1.39.
Source: AME Info
Abu Dhabi market rebound short-lived
July 3, 2014--A two-day gaining streak of the stock market index ADXGI was interrupted on Thursday, July 3, as the market index ADXGI closed 0.75 per cent lower at 4,770.74 points.
Abu Dhabi National Takaful gained 15 per cent (limit up), while Gulf Medical Projects lost the most (down by 9.91 per cent to AED2.09).
Source: AME Info
Egypt expects economic growth to top 3% in 2014/15 fiscal year
June 30, 2014--Egypt's finance minister, Hany Kadry Dimian has said the country's economy is expected to grow by more than 3% during the 2014/15 fiscal year, Reuters has reported.
The minister spoke the day after President Abdel Fattah al-Sisi approved a revised and tightened budget for the next fiscal year, which begins today, the first step toward
Source: AME Info
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