Middle East ETF News Older than One Year
Mideast Stocks: Abu Dhabi extends gains, Dubai lifted by real estate
July 22, 2019--Abu Dhabi's stock market rose for a fifth straight session on Monday, led by its biggest lender after strong second-quarter results, while real estate shares buoyed Dubai's bourse.
Source: Zawya.com
Mideast Stocks: Gulf tensions weigh on Saudi market, Abu Dhabi extends winning streak
July 22, 2019--Saudi Arabia's stock market dropped on Monday as banks and petrochemical shares weighed on the index against a backdrop of political tensions in the region, while Dubai and Abu Dhabi bourses rose sharply on gains in their blue-chip stocks.
Source: Zawya.com
Mideast Stocks: Tanker incident weighs on Saudi, profit taking hurts Kuwait
July 21, 2019--Saudi Arabia's stock index declined on Sunday, as political concerns weighed on investors after Iran's seizure of a British-flagged tanker in the Gulf.
Britain called Iran's action against the Stena Impero in the Strait of Hormuz on Friday a "hostile act".
Source: Zawya.com
Boursa Kuwait outperforms GCC markets in Q2-NBK
July 20, 2019-- Boursa Kuwait outperformed GCC markets during the second quarter of 2019, surging 3.8% versus 0.5% for the regional markets, according to a report released on Saturday by the National Bank of Kuwait (NBK).
For the second quarter as a whole, the Kuwait market's performance was strong relative to peers, up 3.8% versus 0.5% for the GCC.
Source: Zawya.com
Mideast Stocks: Abu Dhabi shares surge 4% thanks on FAB's strong earnings
July 18, 2019--Abu Dhabi stocks leapt 4% on Thursday, their biggest intra-day gain in nearly four months, led higher by the United Arab Emirates' largest lender First Abu Dhabi Bank (FAB) which surged 6.5% on strong second-quarter earnings.
Source: Zawya.com
Mideast Stocks: Abu Dhabi outperforms thanks to banks, other Gulf markets mixed
July 18, 2019--Stocks in the United Arab Emirates surged on Thursday, outperforming most major Gulf markets, boosted by strong earnings at top lenders.
In Abu Dhabi, the index closed 2.7% higher, buoyed by First Abu Dhabi Bank (FAB), which rose 4% to its highest level since May after posting a 5% rise in second-quarter net profit.
Source: Zawya.com
Mideast Stocks: Saudi shares rise, led by banks; other Gulf markets mixed
July 17, 2019--Saudi Arabia's stock index rose for the eighth straight session on Wednesday, led by its banks, while other Gulf markets were mixed, with financial stocks dragging Abu Dhabi lower.
Saudi Arabia's main index gained 0.1.
Source: Zawya.com
Egypt Economic Monitor, July 2019-From Floating to Thriving: Taking Egypt's Exports to New Levels
July 16, 2019--Confronted with pervasive macroeconomic imbalances and microeconomic distortions, the Government of Egypt (GOE) started in 2016 to move forward with important reforms to stabilize the economy and restore confidence.
This report looks at an important aspect of the economy's competitiveness: export performance and integration into global markets.
The focus chapter investigates two questions: (i) to what extent is the structure of domestic production supportive of export-oriented growth? and (ii) what are the key trade and non-trade barriers that prevent the country from unleashing its exports potential?
view the Egypt Economic Monitor: From Floating to Thriving-Taking Egypt's Exports to New Levels
Source: World Bank
Egypt Economic Monitor, July 2019-From Floating to Thriving: Taking Egypt's Exports to New Levels
July 16, 2019--July 16, 2019--Confronted with pervasive macroeconomic imbalances and microeconomic distortions, the Government of Egypt (GOE) started in 2016 to move forward with important reforms to stabilize the economy and restore confidence. This report looks at an important aspect of the economy's competitiveness: export performance and integration into global markets.
The focus chapter investigates two questions: (i) to what extent is the structure of domestic production supportive of export-oriented growth? and (ii) what are the key trade and non-trade barriers that prevent the country from unleashing its exports potential?
Source: World Bank
Mideast Stocks: Banks boost Saudi, while wide sell-off weighs down Egypt
July 11, 2019--July 11, 2019--The Saudi stock market rose on Thursday as nearly all its banks surged ahead of earnings announcements, while Egypt dropped sharply with most blue-chips declining.
The Saudi index gained 0.7% with 10 of its 11 banks rising. Riyad Bank 1010.SE rose 1.6% and Banque Saudi Fransi 1050.SE added 0.6% before both go ex-dividend in the next trading session. Investors will be entitled to the next dividend pay-out as of Thursday.
Source: Zawya.com
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