Middle East ETF News Older than One Year
Bahrain market gains for the 11th session straight
May 7, 2014--The Bahrain All-Shares Index added a tiny 0.20 per cent, closing at 1,469.41 points on Wednesday, May 7.
Gulf Hotels surged 5.26 per cent to reach BD0.80. Islamic Bank Salam Bank fell by 2.52 per cent to BD0.232
Source: AME Info
Tadawul says 'going public'
May 7, 2014--Saudi Arabia's stock exchange, Tadawul, plans to sell shares in an initial public offering (IPO), as the Arab world's largest bourse seeks to gradually open up to foreigners and boost institutional investment' Bloomberg has reported.
The bourse will hire advisers soon for the share sale, Tadawul CEO, Adel Al Ghamdi said. That would make it...
Source: AME Info
IMF Country Report-Qatar-Selected Issues
ASSESSING EFFICIENCY OF QATAR PUBLIC INVESTMENT1
May 6, 2014--While comparable to its GCC peers, the efficiency of Qatar's public investment appears to be lagging
behind resource-rich advanced economies. Given the large size of the public projects and a compressed
timetable ahead of the FIFA 2022 Championship, greater investment efficiency would provide better
resource allocation and boost growth dividend for the Qatar's economy.
Strengthening fiscal institutions, especially developing an integrated public investment management process and a medium-term budget framework, are key for improving public investment efficiency in Qatar.
1. As in most other MENA/CCA oil-exporting countries, persistently high hydrocarbon prices have facilitated higher public spending in Qatar, including on investment projects.2 In turn, the Qatar economy has grown strongly; during 2004-11, total GDP growth and nonhydrocarbon growth averaged 16 percent and 19 percent annually, respectively. In 2012-13, growth declined on account of plateauing hydrocarbon production, but nonhydrocarbon growth was still strong at about 10 percent annually.
view the IMF Country Report-Qatar-Selected Issues
Source: IMF
Mideast Growth Outlook to Improve Overall, Bold Reforms Still Needed
May 6, 2014--Oil exporters post solid non-oil growth, but need to strengthen budgets and diversify economies
Oil importers see tepid growth due to weak confidence, sociopolitical frictions, and conflict in Syria
Transition countries need bold reforms to spur growth and create well-paying jobs
May 6, 2014--Economic growth in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) is expected to strengthen this year, but weak confidence and, in some cases, large public deficits continue to pose risks to this outlook, the IMF said in its latest regional assessment.
The IMF projects that growth in the region will average about 3¼ percent in 2014 as global conditions improve.
Source: IMF
ADX meets brokerage firms
May 6, 2014--Abu Dhabi Securities Exchange (ADX) held a meeting with a number of its licensed brokerage firms to discuss strategy and services that ADX provides to brokers.
ADX presented its strategic plan and briefed the attendees on its initiatives for 2014.
ADX chief executive Rashed Al Baloushi said: "We are delighted to meet with our brokers to help maintain the mechanism that ensures the quick and efficient execution of all procedures that involve the ADX and brokerage firms
Source: Zawya
Saudi market stabilises after hitting six-year high
May 6, 2014--The Riyadh-based Tadawul All Share index closed 0.03 per cent higher at 9, 744.12 points, amid neutral market breadth on Tuesday, May 6.
Saudi Basic Industries (SABIC), the market’s bellwether, added 0.03 per cent and closed at SAR118.75. Wataniya Insurance dived five per cent to SAR102.50. Saudi International Petrochemical Company, known as SIPCHEM...
Source: AME Info
Takaful operator Watania turns into profits
May 6, 2014--The Abu Dhabi market index (ADXGI) lost 0.89 per cent to reach 5, 045.68 points on Tuesday, May 6.
Abu Dhabi-based fish producer Asmak recorded the biggest advance, ending up by 9.20 per cent at AED7.00. National Takaful Company, also known as Watania, finished 1.80 per cent higher at AED1.14. Earlier in the day, the Islamic...
Source: AME Info
Air Arabia gains as carrier starts flying from RAK
May 6, 2014--The Dubai Financial Market General Index (DFMGI) gained for the fourth session straight, advancing by 0.80 per cent to 5, 374.11 points on Tuesday, May 6.
The gauge broke through the upper Bollinger band, usually signalling a trend reversal. Air Arabia was the share of the day, as the budget carrier from Sharjah closed 8.90 per
Source: AME Info
Qatar bourse dips after hitting all-time high
May 6, 2014--The Qatar market index (QE 20) lost by 0.33 per cent to hit 12,956.36 points on Tuesday, May 6.
Mazaya Qatar gained the most, ending up by 3.45 per cent at QAR20.69. Medicare recorded the biggest drop, finishing off 1.90 per cent lower at QAR88.
Source: AME Info
Khaleeji Commercial Bank seals MoU with Dadabhai Development
May 6, 2014--The Dubai Financial Market General Index (DFMGI) gained for the fourth session straight,advancing by 0.80 per cent to 5,374.11 points on Tuesday, May 6.
The gauge broke through the upper Bollinger band,usually signalling a trend reversal. Air Arabia was the share of the day,as the budget carrier from Sharjah closed 8.90 per...
Source: AME Info
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